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REGISTERED NUMBER: 09164786 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Diving Survey And Marine Contracting
Limited

Diving Survey And Marine Contracting
Limited (Registered number: 09164786)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Diving Survey And Marine Contracting
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Bayston
K Hood





REGISTERED OFFICE: Woodside Barn
Threshfield
Nr Grassington
North Yorkshire
BD23 5PL





REGISTERED NUMBER: 09164786 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Diving Survey And Marine Contracting
Limited (Registered number: 09164786)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 985,952 892,834

CURRENT ASSETS
Stocks 32,162 20,722
Debtors 5 572,630 1,347,330
Cash at bank 1,022,670 539,059
1,627,462 1,907,111
CREDITORS
Amounts falling due within one year 6 499,172 1,038,254
NET CURRENT ASSETS 1,128,290 868,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,114,242

1,761,691

CREDITORS
Amounts falling due after more than one year 7 - (24,167 )

PROVISIONS FOR LIABILITIES (192,646 ) (139,720 )
NET ASSETS 1,921,596 1,597,804

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 1,921,494 1,597,702
SHAREHOLDERS' FUNDS 1,921,596 1,597,804

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

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

Diving Survey And Marine Contracting
Limited (Registered number: 09164786)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2024 and were signed on its behalf by:




C Bayston - Director



K Hood - Director


Diving Survey And Marine Contracting
Limited (Registered number: 09164786)

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

1. STATUTORY INFORMATION

Diving Survey And Marine Contracting 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost and 10% on reducing balance
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Diving Survey And Marine Contracting
Limited (Registered number: 09164786)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 100,000 1,172,131 3,737
Additions - 223,057 -
At 31 December 2023 100,000 1,395,188 3,737
DEPRECIATION
At 1 January 2023 - 452,273 3,737
Charge for year - 128,571 -
At 31 December 2023 - 580,844 3,737
NET BOOK VALUE
At 31 December 2023 100,000 814,344 -
At 31 December 2022 100,000 719,858 -

Diving Survey And Marine Contracting
Limited (Registered number: 09164786)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 95,243 38,084 1,409,195
Additions 10,000 4,176 237,233
At 31 December 2023 105,243 42,260 1,646,428
DEPRECIATION
At 1 January 2023 28,296 32,055 516,361
Charge for year 15,223 321 144,115
At 31 December 2023 43,519 32,376 660,476
NET BOOK VALUE
At 31 December 2023 61,724 9,884 985,952
At 31 December 2022 66,947 6,029 892,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 559,361 1,318,785
Other debtors - 2,373
Prepayments 13,269 26,172
572,630 1,347,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 10,000
Other loans - 23,173
Trade creditors 269,527 365,240
Tax 123,154 105,190
Social security and other taxes 23,791 18,590
VAT 66,713 150,615
Other creditors 9,627 -
Directors' current accounts 2,360 2,172
Accruals and deferred income - 288,808
Accrued expenses 4,000 74,466
499,172 1,038,254

Diving Survey And Marine Contracting
Limited (Registered number: 09164786)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 14,167
- 24,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 A Ordinary 1 100 100
2 Ordinary B 1 2 2
102 102