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REGISTERED NUMBER: 06548023 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

R S Divers Ltd

R S Divers Ltd (Registered number: 06548023)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R S Divers Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M D Mackenzie





REGISTERED OFFICE: The Camber
55 East Street
Portsmouth
Hampshire
PO1 2JJ





REGISTERED NUMBER: 06548023 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

R S Divers Ltd (Registered number: 06548023)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,000 16,000
Tangible assets 5 237,725 270,549
Investments 6 50 50
251,775 286,599

CURRENT ASSETS
Debtors 7 186,142 188,357
Investments 8 75,000 50,000
Cash at bank and in hand 19,215 172,048
280,357 410,405
CREDITORS
Amounts falling due within one year 9 99,885 155,738
NET CURRENT ASSETS 180,472 254,667
TOTAL ASSETS LESS CURRENT LIABILITIES 432,247 541,266

CREDITORS
Amounts falling due after more than
one year

10

(74,784

)

(112,077

)

PROVISIONS FOR LIABILITIES (51,307 ) (49,808 )
NET ASSETS 306,156 379,381

R S Divers Ltd (Registered number: 06548023)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 306,056 379,281
SHAREHOLDERS' FUNDS 306,156 379,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 March 2025 and were signed by:





M D Mackenzie - Director


R S Divers Ltd (Registered number: 06548023)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

R S Divers Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant & machinery - 10% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.


R S Divers Ltd (Registered number: 06548023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Current asset investments
Current asset investments are valued on a fair value basis. Any increase or diminution in value will be shown in the income statement in the year it occurs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 4,000
Charge for year 2,000
At 31 March 2024 6,000
NET BOOK VALUE
At 31 March 2024 14,000
At 31 March 2023 16,000

R S Divers Ltd (Registered number: 06548023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Short Plant & Fixtures
leasehold machinery & fittings
£    £    £   
COST
At 1 April 2023 5,854 354,385 -
Additions - 33,110 404
Disposals - (37,000 ) -
At 31 March 2024 5,854 350,495 404
DEPRECIATION
At 1 April 2023 3,582 110,525 -
Charge for year 585 23,258 61
Eliminated on disposal - (3,700 ) -
At 31 March 2024 4,167 130,083 61
NET BOOK VALUE
At 31 March 2024 1,687 220,412 343
At 31 March 2023 2,272 243,860 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 31,235 12,018 403,492
Additions - 752 34,266
Disposals (4,245 ) - (41,245 )
At 31 March 2024 26,990 12,770 396,513
DEPRECIATION
At 1 April 2023 9,871 8,965 132,943
Charge for year 4,545 2,157 30,606
Eliminated on disposal (1,061 ) - (4,761 )
At 31 March 2024 13,355 11,122 158,788
NET BOOK VALUE
At 31 March 2024 13,635 1,648 237,725
At 31 March 2023 21,364 3,053 270,549

R S Divers Ltd (Registered number: 06548023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

RS Divers Ltd hold the following shares in companies registered in England & Wales:

Company Name Registered Number Nominal value held % held

Kew Diving Services Ltd 12752887 £50 50%


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 120,164 121,820
Other debtors 65,978 66,537
186,142 188,357

8. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Other 75,000 50,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 15,817 14,518
Trade creditors 1,626 6,571
Taxation and social security 48,940 89,734
Other creditors 33,502 44,915
99,885 155,738

R S Divers Ltd (Registered number: 06548023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 52,927 68,744
Other creditors 21,857 43,333
74,784 112,077

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Between one and five years 25,886 -

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
R Stephenson
Balance outstanding at start of year (20,071 ) 7,320
Amounts advanced 100,862 150,310
Amounts repaid (90,936 ) (177,701 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,145 ) (20,071 )