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Company Registration No. 06574530 (England and Wales)
Morecambe Area Divers Limited Unaudited accounts for the year ended 31 March 2023
Morecambe Area Divers Limited Unaudited accounts Contents
Page
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Morecambe Area Divers Limited Company Information for the year ended 31 March 2023
Director
Mr Mark True
Company Number
06574530 (England and Wales)
Registered Office
Unit 5 Southgate MORECAMBE LANCASHIRE LA3 3PB
Accountants
Blend Accountants First Floor Brunel House 9 Penrod Way Heysham Lancashire LA3 2UZ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Morecambe Area Divers Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Morecambe Area Divers Limited for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Morecambe Area Divers Limited, as a body, in accordance with the terms of our engagement letter dated 2 May 2012. Our work has been undertaken solely to prepare for your approval the accounts of Morecambe Area Divers Limited and state those matters that we have agreed to state to the Board of Directors of Morecambe Area Divers Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Morecambe Area Divers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Morecambe Area Divers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Morecambe Area Divers Limited. You consider that Morecambe Area Divers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Morecambe Area Divers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Blend Accountants Chartered Accountants First Floor Brunel House 9 Penrod Way Heysham Lancashire LA3 2UZ 20 June 2023
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Morecambe Area Divers Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,417 
18,010 
Current assets
Inventories
92,620 
80,747 
Debtors
- 
24,738 
Cash at bank and in hand
10,783 
(2,051)
103,403 
103,434 
Creditors: amounts falling due within one year
(557,237)
(466,250)
Net current liabilities
(453,834)
(362,816)
Total assets less current liabilities
(438,417)
(344,806)
Creditors: amounts falling due after more than one year
(12,472)
(17,615)
Net liabilities
(450,889)
(362,421)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(450,890)
(362,422)
Shareholders' funds
(450,889)
(362,421)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2023 and were signed on its behalf by
Mr Mark True Director Company Registration No. 06574530
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Morecambe Area Divers Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Morecambe Area Divers Limited is a private company, limited by shares, registered in England and Wales, registration number 06574530. The registered office is Unit 5, Southgate, MORECAMBE, LANCASHIRE, LA3 3PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
40% Reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
9,604 
65,523 
5,290 
80,417 
Additions
- 
- 
410 
410 
At 31 March 2023
9,604 
65,523 
5,700 
80,827 
Depreciation
At 1 April 2022
9,604 
47,979 
4,824 
62,407 
Charge for the year
- 
2,632 
371 
3,003 
At 31 March 2023
9,604 
50,611 
5,195 
65,410 
Net book value
At 31 March 2023
- 
14,912 
505 
15,417 
At 31 March 2022
- 
17,544 
466 
18,010 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
24,738 
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Morecambe Area Divers Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,032 
4,902 
VAT
367 
1,061 
Trade creditors
8,441 
7,805 
Amounts owed to group undertakings and other participating interests
14,265 
- 
Taxes and social security
- 
807 
Loans from directors
529,132 
451,675 
557,237 
466,250 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,472 
17,615 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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