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
Morecambe Area Divers Limited
Company Information
for the year ended 31 March 2023
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
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
Morecambe Area Divers Limited
Statement of financial position
as at 31 March 2023
Tangible assets
15,417
18,010
Cash at bank and in hand
10,783
(2,051)
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)
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
Morecambe Area Divers Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2023
9,604
65,523
5,700
80,827
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
At 31 March 2023
-
14,912
505
15,417
At 31 March 2022
-
17,544
466
18,010
Amounts falling due within one year
Amounts due from group undertakings etc.
-
24,738
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
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).