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REGISTERED NUMBER: SC628630 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ta Subsea Ltd

Ta Subsea Ltd (Registered number: SC628630)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ta Subsea Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A F B Aziz
Mrs M B Zaidi





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ





REGISTERED NUMBER: SC628630 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Ta Subsea Ltd (Registered number: SC628630)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 687 2,367

CURRENT ASSETS
Stocks 15,480 -
Debtors 5 6,721 519
Cash at bank 31,334 14,325
53,535 14,844
CREDITORS
Amounts falling due within one year 6 35,597 7,290
NET CURRENT ASSETS 17,938 7,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,625

9,921

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 18,525 9,920
SHAREHOLDERS' FUNDS 18,625 9,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Ta Subsea Ltd (Registered number: SC628630)

Balance Sheet - continued
30 April 2024


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 1 October 2024 and were signed on its behalf by:





A F B Aziz - Director


Ta Subsea Ltd (Registered number: SC628630)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ta Subsea Ltd is a private company, limited by shares , registered in Scotland. 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 etc - 25% on reducing balance and 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 6,476
Disposals (987 )
At 30 April 2024 5,489
DEPRECIATION
At 1 May 2023 4,109
Charge for year 804
Eliminated on disposal (111 )
At 30 April 2024 4,802
NET BOOK VALUE
At 30 April 2024 687
At 30 April 2023 2,367

Ta Subsea Ltd (Registered number: SC628630)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,072 141
Other debtors 649 378
6,721 519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 31,511 6,983
Other creditors 4,086 307
35,597 7,290