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REGISTERED NUMBER: 03542116 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DIVING EQUIPMENT SERVICES LIMITED

DIVING EQUIPMENT SERVICES LIMITED (REGISTERED NUMBER: 03542116)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

DIVING EQUIPMENT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: A W S Baillie





SECRETARY:





REGISTERED OFFICE: 24 Central Precinct
Winchester Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2GA





REGISTERED NUMBER: 03542116 (England and Wales)





ACCOUNTANTS: Richard Small & Co
Chartered Accountants
24 Central Precinct
Winchester Road
Chandlers Ford
Eastleigh
SO53 2GA

DIVING EQUIPMENT SERVICES LIMITED (REGISTERED NUMBER: 03542116)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,202 2

CURRENT ASSETS
Debtors 5 60,433 5,260
Cash at bank 78,074 134,007
138,507 139,267
CREDITORS
Amounts falling due within one year 6 28,973 26,704
NET CURRENT ASSETS 109,534 112,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,736

112,565

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 111,734 112,563
SHAREHOLDERS' FUNDS 111,736 112,565

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 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.

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 30 January 2025 and were signed by:





A W S Baillie - Director


DIVING EQUIPMENT SERVICES LIMITED (REGISTERED NUMBER: 03542116)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

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

3. EMPLOYEES AND DIRECTORS

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

DIVING EQUIPMENT SERVICES LIMITED (REGISTERED NUMBER: 03542116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 8,719
Additions 2,200
At 30 April 2024 10,919
DEPRECIATION
At 1 May 2023
and 30 April 2024 8,717
NET BOOK VALUE
At 30 April 2024 2,202
At 30 April 2023 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,651 4,940
Amounts owed by associates 41,000 320
Other debtors 16,782 -
60,433 5,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 28,374 2,600
Amounts owed to associates - 4,325
Taxation and social security - 14,013
Other creditors 599 5,766
28,973 26,704

7. RELATED PARTY DISCLOSURES

Costs for the company were paid by Seawork Marine Services Ltd during the year totalling £Nil (2023 - £18,933). The balance outstanding from that company at 30 April 2024 amounted to £Nil (2023 - £Nil).

During the year funds were advanced to Seawork Marine Services Limited and the balance due from that company at 30 April 2024 amounted to £41,000 (2023 - £Nil)

During the year the company purchased services from Seawork Marine Services Ltd totalling £Nil (2023 - £Nil). The balance outstanding to that company at 30 April 2024 amounted to £Nil (2023 - £4,324).


At the year end Sub Surface Engineering Ltd owed the company £Nil (2023 - £320).

Seawork Marine Services Limited and Sub Surface Engineering Limited are related parties as they are under the common control of the Director of Diving Equipment Services Limited.

DIVING EQUIPMENT SERVICES LIMITED (REGISTERED NUMBER: 03542116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is A W S Baillie.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIVING EQUIPMENT SERVICES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Diving Equipment Services Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Diving Equipment Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Diving Equipment Services Limited and state those matters that we have agreed to state to the director of Diving Equipment Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Diving Equipment Services Limited and its director for our work or for this report.

It is your duty to ensure that Diving Equipment Services 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 loss of Diving Equipment Services Limited. You consider that Diving Equipment Services 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 Diving Equipment Services 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.






Richard Small & Co
Chartered Accountants
24 Central Precinct
Winchester Road
Chandlers Ford
Eastleigh
SO53 2GA


Date: 30 January 2025