Company Registration No. 12360906 (England and Wales)
B Subsea Limited
Unaudited accounts
for the year ended 31 March 2025
B Subsea Limited
Unaudited accounts
Contents
B Subsea Limited
Company Information
for the year ended 31 March 2025
Directors
Sean Buck
Victoria Buck
Company Number
12360906 (England and Wales)
Registered Office
136 Hall Street
Stockport
Cheshire
SK1 4HE
England
B Subsea Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,071
1,628
Cash at bank and in hand
4,442
7,383
Creditors: amounts falling due within one year
(24,247)
(30,650)
Net current assets
10,166
12,886
Total assets less current liabilities
12,237
14,514
Creditors: amounts falling due after more than one year
(3,948)
(7,964)
Provisions for liabilities
Profit and loss account
7,782
6,043
Shareholders' funds
7,882
6,143
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by
Sean Buck
Director
Company Registration No. 12360906
B Subsea Limited
Notes to the Accounts
for the year ended 31 March 2025
B Subsea Limited is a private company, limited by shares, registered in England and Wales, registration number 12360906. The registered office is 136 Hall Street, Stockport, Cheshire, SK1 4HE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
2,931
2,931
At 31 March 2025
1,000
2,931
3,931
At 1 April 2024
-
1,303
1,303
Charge for the year
150
407
557
At 31 March 2025
150
1,710
1,860
At 31 March 2025
850
1,221
2,071
At 31 March 2024
-
1,628
1,628
B Subsea Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
19,301
7,177
Accrued income and prepayments
4,409
169
Other debtors
4,584
19,855
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,006
4,006
Taxes and social security
12,005
24,136
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).