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REGISTERED NUMBER: 03304883 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Force Dredging Systems U.K. Limited

Force Dredging Systems U.K. Limited (Registered number: 03304883)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Force Dredging Systems U.K. Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J J Noakes





SECRETARY: T M Noakes





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 03304883 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Force Dredging Systems U.K. Limited (Registered number: 03304883)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,423 8,935

CURRENT ASSETS
Debtors 5 6,075 2,678
Cash at bank 75,390 91,730
81,465 94,408
CREDITORS
Amounts falling due within one year 6 20,003 17,938
NET CURRENT ASSETS 61,462 76,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,885

85,405

PROVISIONS FOR LIABILITIES 7 - 1,062
NET ASSETS 68,885 84,343

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 68,785 84,243
SHAREHOLDERS' FUNDS 68,885 84,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:




J J Noakes - Director


Force Dredging Systems U.K. Limited (Registered number: 03304883)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Force Dredging Systems U.K. Limited 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 sale of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Force Dredging Systems U.K. Limited (Registered number: 03304883)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022 26,831 1,912 28,743
Additions - 1,090 1,090
At 31 January 2023 26,831 3,002 29,833
DEPRECIATION
At 1 February 2022 18,762 1,046 19,808
Charge for year 2,017 585 2,602
At 31 January 2023 20,779 1,631 22,410
NET BOOK VALUE
At 31 January 2023 6,052 1,371 7,423
At 31 January 2022 8,069 866 8,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contract 3,456 -
Tax 520 -
VAT 536 546
Prepayments 1,563 2,132
6,075 2,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 520
Directors' current accounts 18,903 16,319
Accrued expenses 1,100 1,099
20,003 17,938

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 1,062

Deferred
tax
£   
Balance at 1 February 2022 1,062
Credit to Income Statement during year (1,062 )
Balance at 31 January 2023 -

Force Dredging Systems U.K. Limited (Registered number: 03304883)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2022 84,243
Deficit for the year (13,458 )
Dividends (2,000 )
At 31 January 2023 68,785

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J J Noakes.