2023-02-01 2024-01-31 04118978 Ambient Pressure Diving Limited false 04118978 2023-02-01 2024-01-31 04118978 uk-bus:Director1 2023-02-01 2024-01-31 04118978 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04118978 uk-bus:SmallEntities 2023-02-01 2024-01-31 04118978 uk-bus:FullAccounts 2023-02-01 2024-01-31 04118978 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04118978 2023-02-01 04118978 2024-01-31 04118978 2023-01-31 xbrli:pure iso4217:GBP 04118978 2022-02-01 2023-01-31
Company Registration Number : 04118978 (England and Wales)
04118978
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-01-31
false
Ambient Pressure Diving Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-02-01
Ambient Pressure Diving Limited
Unaudited filleted financial statements
For the year ended 31 January 2024
Ambient Pressure Diving Limited
Contents
For the year ended 31 January 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 7


Ambient Pressure Diving Limited
Company Information
For the year ended 31 January 2024

Company registration number 04118978 (England and Wales)
Directors Angela Parker
Martin Parker
Company secretary Angela Parker
Registered office address Unit 2c
Water Ma Trout Industrial Estate
Helston
Cornwall
TR13 0LW
Accountant Kitchen and Brown Accountants Ltd
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Ambient Pressure Diving Limited
Statement of Financial Position
For the year ended 31 January 2024

2024 2023
Notes £ £
Current assets
Inventories 5 840,941 898,621
Debtors 6 217,507 291,579
Cash and cash equivalents 81,778 142,360
1,140,226 1,332,560
Current liabilities
Creditors: Amounts falling due within one year 7 (405,128) (486,109)
(405,128) (486,109)
Net current assets/(liabilities) 735,098 846,451
Total assets less current liabilities 735,098 846,451
Non-current liabilities
Creditors: Amounts falling due after more than one year 8 (801,542) (930,489)
Net (liabilities)/assets (66,444) (84,038)
Capital and reserves
Called up share capital 9 3 3
Retained earnings (66,446) (84,041)
Shareholder's funds (66,444) (84,038)
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2024 the company was entitled to exemption from audit 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 October 2024
.............................
Martin Parker (Director)
Company registration number: 04118978
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-01-31 31 January 2024
2024 2023
£ £
Fixed Assets 0 0
Current Assets 1,140,226 1,332,560
Creditors: amounts falling due within one year (405,128) (486,109)
Net current assets (liabilities) 735,098 846,451
Total assets less current liabilities 735,098 846,451
CREDITORS: Amounts falling due more than one year (801,542) (930,489)
Net Assets (liabilities) (66,444) (84,038)
Capital and Reserves (66,444) (84,038)
For the year ending 31/01/2024 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. For the year ending 31-01-2024 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 30 October 2024 2024-10-30 and signed on behalf of the board,
.............................
Martin Parker
Director
Company registration number: 04118978
Ambient Pressure Diving Limited
Notes to the Financial Statements
For the year ended 31 January 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales, registered number 04118978. The address of the registered office is Unit 2c, Water Ma Trout Industrial Estate, Helston, Cornwall, TR13 0LW.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Foreign currency
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill was written off in the year of acquisition
Other Intangible
The computer software licence has been amortised over its expected useful life of three years.
Stocks and Work in Progress
Stocks and Work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. Cost is calculated using the first-in-first-out method and includes all direct costs and an appropriate proportion of fixed and variable overheads.
Leases and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Taxation
The tax expense for the period comprises current and deferred tax. Tax currently payable, relating to UK corporation tax, is calculated on the basis of the tax rates and laws that were enacted or substantively enacted as at the reporting date.

Deferred tax is recognised on all timing differences that have originated but not reversed at the reporting date. Transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future give rise to a deferred tax liability or asset. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted as at the reporting date that are expected to apply to the reversal of the timing difference. The tax expense is recognised in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense.

Current and deferred tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and there is the intention either to settle on a net basis or to realise the asset and settle the liability simultaneously.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the period to which they relate.
Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
Government Grants
Capital grants are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant asset. Revenue grants are recognised in the profit and loss account so as to match the expenditure to which they relate.

(4) Employees
During the year, the average number of employees including director was 33 (2023 : 35).

(5) Inventories
2024 2023
£ £
Stock and Work In Progress 840,941 898,621
840,941 898,621

(6) Debtors
Amounts falling due within one year
2024 2023
£ £
Trade debtors 99,549 94,747
Other debtors 117,958 196,832
217,507 291,579

(7) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 110,140 172,233
Bank loans and overdrafts 50,000 50,000
Other creditors 128,791 66,867
Accruals and deferred income 116,197 197,009
405,128 486,109

(8) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 75,042 125,038
Other creditors 726,500 805,451
801,542 930,489

(9) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
3 (2023 : 3) Allotted, Called up and fully paid of £ 1 each33
3 3
Retained earnings 2024
£
At 1 February 2023 (84,041)
Profit of the year 17,595
At 31 January 2024 (66,446)

(10) Commitments, guarantees and contingencies
Other financial commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 January 202431 January 2023
££
Within One year 6,710 6,710
Between one and five years14,803 21,052
Later than five years- 461
Total 21,513 28,223

(11) Amounts owed from group undertakings
Included in other debtors are amounts due from group undertakings of £50,656 (2023: £50,656)

(12) Amounts owed to group undertakings
Included in other creditors are amounts due to group undertakings of £792,646 (2023 : £853,109)