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REGISTERED NUMBER: 02403663 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Dave Oliver Hydrographic Services
Limited

Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

Balance Sheet
31 July 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 5 1,960 1,867

Current assets
Debtors 6 429,301 651,335
Investments 7 65,762 63,894
Cash at bank and in hand 478,872 369,917
973,935 1,085,146
Creditors
Amounts falling due within one year 8 (292,507 ) (456,675 )
Net current assets 681,428 628,471
Total assets less current liabilities 683,388 630,338

Creditors
Amounts falling due after more than one
year

9

(32,408

)

(37,964

)

Provisions for liabilities (6,071 ) (5,581 )
Net assets 644,909 586,793

Capital and reserves
Called up share capital 300 300
Retained earnings 644,609 586,493
644,909 586,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

Balance Sheet - continued
31 July 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 19 December 2023 and were signed on its behalf by:





Mr N D Oliver - Director


Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

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


1. Statutory information

Dave Oliver Hydrographic Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02403663

Registered office: 100A High Street
Gorleston
Great Yarmouth
Norfolk
NR31 6RF

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover comprises revenue recognised from labour services provided by the company.

These services are invoiced at the end of each calender month. Any ongoing work at the year end is accrued at sales value. Turnover is stated net of Value Added Tax, where applicable.

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property - 25% straight line
Fixtures and fittings - 20% straight line
Equipment - 15% straight line

Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

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


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

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


3. Accounting policies - continued

Current asset investments
Current asset investments are measured at fair value with changes in fair value being recongnised in profit and loss.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employees and directors

The average number of employees during the year was 6 (2022 - 5 ) .

5. Tangible fixed assets
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
Cost
At 1 August 2022 5,388 16,523 94,189 116,100
Additions - - 941 941
At 31 July 2023 5,388 16,523 95,130 117,041
Depreciation
At 1 August 2022 5,388 15,922 92,923 114,233
Charge for year - 201 647 848
At 31 July 2023 5,388 16,123 93,570 115,081
Net book value
At 31 July 2023 - 400 1,560 1,960
At 31 July 2022 - 601 1,266 1,867

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 400,850 621,798
Other debtors 28,451 29,537
429,301 651,335

Dave Oliver Hydrographic Services
Limited (Registered number: 02403663)

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


7. Current asset investments
2023 2022
£ £
Unlisted investments 65,762 63,894

8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 5,556 5,557
Trade creditors 120,101 240,721
Taxation and social security 70,793 64,593
Other creditors 96,057 145,804
292,507 456,675

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 32,408 37,964