ARC SUBSEA LIMITED

Company Registration Number:
SC295083 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ARC SUBSEA LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ARC SUBSEA LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Paul Williams
Flora V. Macneil
Registered office: Mingulay
Cuil Bay, Duror
Appin
Argyll
PA38 4DA
Company Registration Number: SC295083 (Scotland)

ARC SUBSEA LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Paul Williams
Flora V. Macneil

This report was approved by the board of directors on 13 April 2024
And Signed On Behalf Of The Board By:

Name: Paul Williams
Status: Director

ARC SUBSEA LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 19,001 26,514
Cost of sales ( 1,035 ) ( 854 )
Gross Profit or (Loss) 17,966 25,660
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 5,539 ) ( 4,252 )
Other operating income 0 0
Operating Profit or (Loss) 12,427 21,408
Interest Receivable and Similar Income 792 124
Interest Payable and Similar Charges ( 96 ) ( 88 )
Profit or (Loss) Before Tax 13,123 21,444
Tax on Profit ( 2,493 ) ( 4,074 )
Profit or (Loss) for Period 10,630 17,370

The notes form part of these financial statements

ARC SUBSEA LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 719 1,078
Total fixed assets: 719 1,078
Current assets
Stocks: 5,718 6,142
Debtors: 5 1,500 2,662
Cash at bank and in hand: 28,394 45,797
Total current assets: 35,612 54,601
Creditors: amounts falling due within one year: 6 ( 2,493 ) ( 4,074 )
Net current assets (liabilities): 33,119 50,527
Total assets less current liabilities: 33,838 51,605
Total net assets (liabilities): 33,838 51,605

The notes form part of these financial statements

ARC SUBSEA LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 33,834 51,601
Shareholders funds: 33,838 51,605

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 13 April 2024
And Signed On Behalf Of The Board By:

Name: Paul Williams
Status: Director

The notes form part of these financial statements

ARC SUBSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ARC SUBSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

ARC SUBSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

ARC SUBSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 April 2023 14,770 14,770
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 March 2024 14,770 14,770
Depreciation
At 01 April 2023 13,692 13,692
Charge for year 359 359
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 March 2024 14,051 14,051
Net book value
At 31 March 2024 719 719
At 31 March 2023 1,078 1,078

ARC SUBSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,500 2,662
Total 1,500 2,662

ARC SUBSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 2,493 4,074
Total 2,493 4,074