Company registration number SC607486 (Scotland)
SUBSEA SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
SUBSEA SERVICES LIMITED
Statement Of Financial Position
As At 31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
1,329
Current assets
334,165
279,194
Creditors: amounts falling due within one year
(46,813)
(33,664)
Net current assets
287,352
245,530
Total assets less current liabilities
287,352
246,859
Accruals and deferred income
(1,650)
(1,650)
Net assets
285,702
245,209
Capital and reserves
285,702
245,209
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
The directors withdrew £31,864 and repaid £8,789 to the company. The balance due to the company from the directors at the end of the year, on which interest is charged at 2% and is repayable on demand was £79,669 (2023 - £59,595) repayable to the director from the company).
2
Employees
The average number of persons, including directors, employed by the company during the period was as follows:
2024
2023
Number
Number
Employees
1
1
SUBSEA SERVICES LIMITED
Statement Of Financial Position (Continued)
As At 31 March 2024
- 2 -
Subsea Services Limited is a private company limited by shares incorporated in Scotland. The registered office is 20 Bracken Road, Dunfermline, KY11 8PS.
For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 September 2024
Mr C Spence
Director
Company Registration Number SC607486