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REGISTERED NUMBER: 12386651 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

MARINE AND CIVIL DIVING SERVICES LTD

MARINE AND CIVIL DIVING SERVICES LTD (REGISTERED NUMBER: 12386651)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARINE AND CIVIL DIVING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: P L Day





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 12386651 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

MARINE AND CIVIL DIVING SERVICES LTD (REGISTERED NUMBER: 12386651)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,387 21,641

CURRENT ASSETS
Debtors 5 159,113 63,816
Cash at bank and in hand 121,598 24,163
280,711 87,979
CREDITORS
Amounts falling due within one year 6 166,389 66,653
NET CURRENT ASSETS 114,322 21,326
TOTAL ASSETS LESS CURRENT LIABILITIES 197,709 42,967

CREDITORS
Amounts falling due after more than one
year

7

(17,645

)

(2,601

)

PROVISIONS FOR LIABILITIES 8 (20,847 ) (5,410 )
NET ASSETS 159,217 34,956

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 159,215 34,954
SHAREHOLDERS' FUNDS 159,217 34,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MARINE AND CIVIL DIVING SERVICES LTD (REGISTERED NUMBER: 12386651)

BALANCE SHEET - continued
31ST JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2024 and were signed by:





P L Day - Director


MARINE AND CIVIL DIVING SERVICES LTD (REGISTERED NUMBER: 12386651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Marine And Civil Diving Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MARINE AND CIVIL DIVING SERVICES LTD (REGISTERED NUMBER: 12386651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 50,064
Additions 82,523
Disposals (12,500 )
At 31st January 2024 120,087
DEPRECIATION
At 1st February 2023 28,423
Charge for year 17,652
Eliminated on disposal (9,375 )
At 31st January 2024 36,700
NET BOOK VALUE
At 31st January 2024 83,387
At 31st January 2023 21,641

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2023 12,500
Additions 27,582
Disposals (12,500 )
At 31st January 2024 27,582
DEPRECIATION
At 1st February 2023 9,375
Charge for year 2,229
Eliminated on disposal (9,375 )
At 31st January 2024 2,229
NET BOOK VALUE
At 31st January 2024 25,353
At 31st January 2023 3,125

MARINE AND CIVIL DIVING SERVICES LTD (REGISTERED NUMBER: 12386651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,650 50,300
Amounts owed by group undertakings 41,685 -
Other debtors 32,778 13,516
159,113 63,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,702 2,399
Trade creditors 25,063 9,460
Taxation and social security 24,689 5,008
Other creditors 111,935 49,786
166,389 66,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,645 2,601

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 20,847 5,410

Deferred
tax
£   
Balance at 1st February 2023 5,410
Provided during year 15,437
Balance at 31st January 2024 20,847

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Marine and Civil Services Holdings Ltd (CN 14762523).