0 false false false false false false false false false false true false false false false true false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC706373 2023-09-01 2024-08-31 SC706373 2024-08-31 SC706373 2023-08-31 SC706373 2022-09-01 2023-08-31 SC706373 2023-08-31 SC706373 2022-08-31 SC706373 bus:RegisteredOffice 2023-09-01 2024-08-31 SC706373 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 SC706373 bus:Director1 2023-09-01 2024-08-31 SC706373 bus:Director2 2023-09-01 2024-08-31 SC706373 core:WithinOneYear 2024-08-31 SC706373 core:WithinOneYear 2023-08-31 SC706373 bus:Micro-entities 2023-09-01 2024-08-31 SC706373 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC706373 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC706373 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC706373 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: SC706373
SCOTIA SUBSEA LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
SCOTIA SUBSEA LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
SCOTIA SUBSEA LTD
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr S Smith
Mrs S Smith
Registered office
26-30 Marine Place
Buckie
AB56 1UT
Accountants
Ritsons
Chartered accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
SCOTIA SUBSEA LTD
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SCOTIA SUBSEA LTD
YEAR ENDED 31 AUGUST 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scotia Subsea Ltd for the year ended 31 August 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Scotia Subsea Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Scotia Subsea Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scotia Subsea Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Scotia Subsea Ltd 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 Scotia Subsea Ltd. You consider that Scotia Subsea Ltd 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 Scotia Subsea Ltd. 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.
Ritsons Chartered accountants
26-30 Marine Place Buckie Moray AB56 1UT
22 May 2025
SCOTIA SUBSEA LTD
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
£
£
Fixed assets
10,844
14,240
--------
--------
Current assets
5,576
16,767
Prepayments and accrued income
622
596
-------
--------
6,198
17,363
Creditors: amounts falling due within one year
585
8,369
--------
--------
NET CURRENT ASSETS
5,613
8,994
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
16,457
23,234
Accruals and deferred income
900
900
--------
--------
15,557
22,334
--------
--------
Capital and reserves
15,557
22,334
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 2 ).
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr S Smith
Mrs S Smith
Director
Director
Company registration number: SC706373
The company is a private company limited by shares, registered in Scotland.