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REGISTERED NUMBER: 03504791 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

Coulthard Subsea Limited

Coulthard Subsea Limited (Registered number: 03504791)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coulthard Subsea Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: M R Coulthard





SECRETARY: Mrs P Parry





REGISTERED OFFICE: 1 Marine Crescent
Criccieth
Gwynedd
LL52 OEA





REGISTERED NUMBER: 03504791 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Coulthard Subsea Limited (Registered number: 03504791)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,793 35,629

CURRENT ASSETS
Debtors 5 14,654 75,186
Cash at bank 172,755 131,874
187,409 207,060
CREDITORS
Amounts falling due within one year 6 65,839 93,519
NET CURRENT ASSETS 121,570 113,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,363

149,170

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 153,362 149,169
153,363 149,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

Coulthard Subsea Limited (Registered number: 03504791)

Balance Sheet - continued
29th February 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 22nd November 2024 and were signed by:





M R Coulthard - Director


Coulthard Subsea Limited (Registered number: 03504791)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Coulthard Subsea Limited 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.

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 - 20% on reducing balance and 15% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. 1

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

Coulthard Subsea Limited (Registered number: 03504791)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 61,365
Additions 666
At 29th February 2024 62,031
DEPRECIATION
At 1st March 2023 25,736
Charge for year 4,502
At 29th February 2024 30,238
NET BOOK VALUE
At 29th February 2024 31,793
At 28th February 2023 35,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 14,654 75,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 6,733 32,354
Taxation and social security 13,122 20,013
Other creditors 45,984 41,152
65,839 93,519