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COMPANY REGISTRATION NUMBER: SC463738
ADS SUBSEA LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
ADS SUBSEA LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Contents
Page
Officers and professional advisers
1
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
ADS SUBSEA LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr A Scott
Mrs D Scott
Registered office
26-30 Marine Place
Buckie
Scotland
AB56 1UT
Accountants
Ritsons
Chartered Accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
ADS SUBSEA LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ADS SUBSEA LIMITED
YEAR ENDED 31 MARCH 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ADS Subsea Limited for the year ended 31 March 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of ADS Subsea Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of ADS Subsea Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ADS Subsea Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that ADS Subsea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ADS Subsea Limited. You consider that ADS Subsea Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of ADS Subsea Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
20 November 2024
ADS SUBSEA LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
£
£
Fixed assets
408
480
----
----
Current assets
35,503
40,283
Creditors: amounts falling due within one year
4,151
6,099
--------
--------
NET CURRENT ASSETS
31,352
34,184
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
31,760
34,664
Creditors: amounts falling due after more than one year
23,265
33,202
Accruals and deferred income
1,200
1,200
--------
--------
7,295
262
--------
--------
Capital and reserves
7,295
262
-------
----
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
2. Directors' advances, credits and guarantees
At 31st March 2024, the directors owed the company £2,144 (2023: £10,492) by way of a directors loan.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question 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 financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 20 November 2024 , and are signed on behalf of the board by:
Mr A Scott
Mrs D Scott
Director
Director
Company registration number: SC463738
The company is a private company limited by shares, registered in Scotland.