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REGISTERED NUMBER: 06138439 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

SUB AQUA DIVING SERVICES (UK) LTD

SUB AQUA DIVING SERVICES (UK) LTD (REGISTERED NUMBER: 06138439)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUB AQUA DIVING SERVICES (UK) LTD

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTORS: Mr D J Curtis
Mr P A Curtis





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





BUSINESS ADDRESS: 17 Tame Road
Lawson Industrial Estate
North Ormesby
Middlesbrough
Cleveland
TS3 6LL





REGISTERED NUMBER: 06138439 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

SUB AQUA DIVING SERVICES (UK) LTD (REGISTERED NUMBER: 06138439)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 267,365 299,562
267,365 299,562

CURRENT ASSETS
Debtors 6 70,603 108,004
Cash at bank and in hand 572,633 643,272
643,236 751,276
CREDITORS
Amounts falling due within one year 7 157,224 160,853
NET CURRENT ASSETS 486,012 590,423
TOTAL ASSETS LESS CURRENT LIABILITIES 753,377 889,985

CREDITORS
Amounts falling due after more than
one year

8

-

(3,033

)

PROVISIONS FOR LIABILITIES (31,505 ) (37,622 )
NET ASSETS 721,872 849,330

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 721,772 849,230
SHAREHOLDERS' FUNDS 721,872 849,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SUB AQUA DIVING SERVICES (UK) LTD (REGISTERED NUMBER: 06138439)

BALANCE SHEET - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr D J Curtis - Director


SUB AQUA DIVING SERVICES (UK) LTD (REGISTERED NUMBER: 06138439)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

Sub Aqua Diving Services (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of diving services, excluding value added tax. When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 40 years
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SUB AQUA DIVING SERVICES (UK) LTD (REGISTERED NUMBER: 06138439)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 500,000
AMORTISATION
At 1 May 2022
and 30 April 2023 500,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 101,550 840,018 941,568
DEPRECIATION
At 1 May 2022 - 642,006 642,006
Charge for year - 32,197 32,197
At 30 April 2023 - 674,203 674,203
NET BOOK VALUE
At 30 April 2023 101,550 165,815 267,365
At 30 April 2022 101,550 198,012 299,562

SUB AQUA DIVING SERVICES (UK) LTD (REGISTERED NUMBER: 06138439)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,416 99,235
Other debtors 9,187 8,769
70,603 108,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,033 5,200
Trade creditors - 560
Taxation and social security 63,808 84,600
Other creditors 90,383 70,493
157,224 160,853

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,033

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
76 A Ordinary £1 76 76
16 B Ordinary £1 16 16
8 C Ordinary £1 8 8
100 100