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Registered Number: SC662952
Scotland

 

 

 


Abridged Accounts

for the year ended 30 June 2024

for

GUL SUBSEA SERVICES LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,096    420 
2,096    420 
Current assets      
Debtors 14,859    8,339 
Cash at bank and in hand 26,644    9,413 
41,503    17,752 
Creditors: amount falling due within one year (27,584)   (17,546)
Net current assets 13,919    206 
 
Total assets less current liabilities 16,015    626 
Net assets 16,015    626 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account 16,014    625 
Shareholders' funds 16,015    626 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 17 January 2025 and were signed by:


-------------------------------
Alan Cameron Clunie
Director
1
General Information
Gul Subsea Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC662952, registration address 15a Buchanan Drive , Stirling, FK9 5HD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 July 2023 1,049    1,049 
Additions 1,918    1,918 
Disposals  
At 30 June 2024 2,967    2,967 
Depreciation
At 01 July 2023 630    630 
Charge for year 241    241 
On disposals  
At 30 June 2024 871    871 
Net book values
Closing balance as at 30 June 2024 2,096    2,096 
Opening balance as at 01 July 2023 420    420 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

2