FALMOUTH DIVERS LIMITED

Company Registration Number:
02456458 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

FALMOUTH DIVERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

FALMOUTH DIVERS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 385,482 398,809
Investments: 4 1 1
Total fixed assets: 385,483 398,810
Current assets
Stocks: 5 23,145 10,126
Debtors: 6 581,271 917,550
Cash at bank and in hand: 1,130,168 918,891
Total current assets: 1,734,584 1,846,567
Creditors: amounts falling due within one year: 7 ( 224,906 ) ( 448,370 )
Net current assets (liabilities): 1,509,678 1,398,197
Total assets less current liabilities: 1,895,161 1,797,007
Provision for liabilities: ( 45,905 ) ( 47,010 )
Total net assets (liabilities): 1,849,256 1,749,997
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,849,156 1,749,897
Total Shareholders' funds: 1,849,256 1,749,997

The notes form part of these financial statements

FALMOUTH DIVERS LIMITED

Balance sheet statements

For the year ending 31 December 2023 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 August 2024
and signed on behalf of the board by:

Name: Mr T H Berry
Status: Director

The notes form part of these financial statements

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 221,263 543,373 20,954 71,745 857,335
Additions 10,151 1,215 11,995 23,361
Disposals ( 5,000 ) ( 5,000 )
Revaluations
Transfers
At 31 December 2023 221,263 553,524 22,169 78,740 875,696
Depreciation
At 1 January 2023 35,400 351,207 18,361 53,558 458,526
Charge for year 4,425 21,944 1,586 7,151 35,106
On disposals ( 3,418 ) ( 3,418 )
Other adjustments
At 31 December 2023 39,825 373,151 19,947 57,291 490,214
Net book value
At 31 December 2023 181,438 180,373 2,222 21,449 385,482
At 31 December 2022 185,863 192,166 2,593 18,187 398,809

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 23,145 10,126
Total 23,145 10,126

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 450,222 787,585
Prepayments and accrued income 20,580 22,030
Other debtors 110,469 107,935
Total 581,271 917,550

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 3,794 3,927
Trade creditors 140,016 304,014
Taxation and social security 75,653 134,900
Other creditors 5,443 5,529
Total 224,906 448,370