IRIS Accounts Production v25.1.4.42 09743419 director 1.1.24 31.12.24 31.12.24 false true false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097434192023-12-31097434192024-12-31097434192024-01-012024-12-31097434192022-12-31097434192023-01-012023-12-31097434192023-12-3109743419ns15:EnglandWales2024-01-012024-12-3109743419ns14:PoundSterling2024-01-012024-12-3109743419ns10:Director12024-01-012024-12-3109743419ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109743419ns10:SmallEntities2024-01-012024-12-3109743419ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109743419ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109743419ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109743419ns10:FullAccounts2024-01-012024-12-3109743419ns10:OrdinaryShareClass12024-01-012024-12-3109743419ns5:CurrentFinancialInstruments2024-12-3109743419ns5:CurrentFinancialInstruments2023-12-3109743419ns5:ShareCapital2024-12-3109743419ns5:ShareCapital2023-12-3109743419ns5:RetainedEarningsAccumulatedLosses2024-12-3109743419ns5:RetainedEarningsAccumulatedLosses2023-12-3109743419ns5:ComputerEquipment2024-01-012024-12-3109743419ns5:ComputerEquipment2023-12-3109743419ns5:ComputerEquipment2024-12-3109743419ns5:ComputerEquipment2023-12-3109743419ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109743419ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109743419ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 09743419 (England and Wales)











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 8,024 10,698

Current assets
Debtors 5 9,253 35,125
Cash at bank 25,908 3,904
35,161 39,029
Creditors
Amounts falling due within one year 6 14,296 25,774
Net current assets 20,865 13,255
Total assets less current liabilities 28,889 23,953

Capital and reserves
Called up share capital 7 100 100
Retained earnings 28,789 23,853
Shareholders' funds 28,889 23,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





Mr C Pettifer - Director


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
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 represents amounts receivable for management, vessel operation and technical consultancy services, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 5 (2023 - 5 ) .

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 20,977
Depreciation
At 1 January 2024 10,279
Charge for year 2,674
At 31 December 2024 12,953
Net book value
At 31 December 2024 8,024
At 31 December 2023 10,698

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 29,000
Other debtors 1,442 1,442
Tax - 3,049
VAT 2,009 1,634
Prepayments and accrued income 5,802 -
9,253 35,125

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,181 1,845
Social security and other taxes 7,025 7,413
Pensions creditor 871 871
Net wages creditor - 13,401
Accruals and deferred income 2,219 2,244
14,296 25,774

7. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 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.