REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
SPECIALISED VESSEL SERVICES (UK |
TECHNICAL SERVICES) LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
SPECIALISED VESSEL SERVICES (UK |
TECHNICAL SERVICES) LTD |
SPECIALISED VESSEL SERVICES (UK |
TECHNICAL SERVICES) LTD (REGISTERED NUMBER: 09743419) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
SPECIALISED VESSEL SERVICES (UK |
TECHNICAL SERVICES) LTD (REGISTERED NUMBER: 09743419) |
BALANCE SHEET |
31 DECEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
SPECIALISED VESSEL SERVICES (UK |
TECHNICAL SERVICES) LTD (REGISTERED NUMBER: 09743419) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
1. | Statutory information |
Specialised Vessel Services (UK Technical Services) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09743419. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 209 The Innovation Centre, Festival Drive, Victoria Business Park, Ebbw Vale, Blaenau Gwent, NP23 8XA. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for management, vessel operation and technical consultancy services, net of VAT. |
Tangible fixed assets |
Computer equipment | - |
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 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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Group accounts |
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. |
3. | Employees and directors |
The average number of employees during the year was |
SPECIALISED VESSEL SERVICES (UK |
TECHNICAL SERVICES) LTD (REGISTERED NUMBER: 09743419) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 January 2024 |
and 31 December 2024 |
Depreciation |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Tax |
VAT |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
Pensions creditor | 871 | 871 |
Net wages creditor | - | 13,401 |
Accruals and deferred income |
7. | Called up share capital |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1.00 | 100 | 100 |
8. | Ultimate controlling party |
The company is deemed to be controlled by Specialised Vessel Services Limited, its parent company based at 4th Floor, Ebene Skies, Rue D'Institut, Eben, Mauritius, by virtue of owning 100% of the issued share capital. |
The director of the company, Mr C Pettifer, manages the day to day operations of the company. |