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REGISTERED NUMBER: SC558260 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

DQ OFFSHORE LIMITED

DQ OFFSHORE LIMITED (REGISTERED NUMBER: SC558260)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DQ OFFSHORE LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr Q Milne





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC558260 (Scotland)






DQ OFFSHORE LIMITED (REGISTERED NUMBER: SC558260)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,333 4,990

CURRENT ASSETS
Debtors 5 163,547 29,680
Cash at bank 9,367 40,645
172,914 70,325
CREDITORS
Amounts falling due within one year 6 164,702 36,877
NET CURRENT ASSETS 8,212 33,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,545

38,438

CREDITORS
Amounts falling due after more than one
year

7

(9,512

)

(19,084

)

PROVISIONS FOR LIABILITIES (444 ) (1,248 )
NET ASSETS 589 18,106

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 587 18,104
589 18,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DQ OFFSHORE LIMITED (REGISTERED NUMBER: SC558260)

Balance Sheet - continued
30 June 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 17 March 2025 and were signed by:





Mr Q Milne - Director


DQ OFFSHORE LIMITED (REGISTERED NUMBER: SC558260)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

DQ Offshore Limited is a private company, limited by shares , registered in Scotland. 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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

DQ OFFSHORE LIMITED (REGISTERED NUMBER: SC558260)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 999 10,350 3,500 14,849
Additions 999 - - 999
At 30 June 2024 1,998 10,350 3,500 15,848
DEPRECIATION
At 1 July 2023 999 7,224 1,636 9,859
Charge for year 222 2,267 1,167 3,656
At 30 June 2024 1,221 9,491 2,803 13,515
NET BOOK VALUE
At 30 June 2024 777 859 697 2,333
At 30 June 2023 - 3,126 1,864 4,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,604 27,180
Other debtors 126,943 2,500
163,547 29,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,377 10,648
Trade creditors 113,760 1,164
Taxation and social security 35,768 20,203
Other creditors 4,797 4,862
164,702 36,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,512 19,084

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Q Milne.