QUEST UNDERWATER SERVICES LIMITED

Company Registration Number:
01378503 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

QUEST UNDERWATER SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

QUEST UNDERWATER SERVICES LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 1,389,449 1,075,485
Total fixed assets: 1,389,449 1,075,485
Current assets
Stocks: 91,810 159,408
Debtors:   127,402 142,245
Cash at bank and in hand: 1,249,454 617,657
Total current assets: 1,468,666 919,310
Creditors: amounts falling due within one year:   (544,180) (164,956)
Net current assets (liabilities): 924,486 754,354
Total assets less current liabilities: 2,313,935 1,829,839
Creditors: amounts falling due after more than one year:   (3,306) (61,369)
Total net assets (liabilities): 2,310,629 1,768,470
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:440,72140,721
Profit and loss account: 2,269,808 1,727,649
Shareholders funds: 2,310,629 1,768,470

The notes form part of these financial statements

QUEST UNDERWATER SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2025
and signed on behalf of the board by:

Name: Ned Wiltshire
Status: Director

The notes form part of these financial statements

QUEST UNDERWATER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

QUEST UNDERWATER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 12 13

QUEST UNDERWATER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,750,721
Additions 419,801
Disposals (94,618)
At 31 December 2024 2,075,904
Depreciation
At 01 January 2024 675,236
Charge for year 100,074
On disposals (88,855)
At 31 December 2024 686,455
Net book value
At 31 December 2024 1,389,449
At 31 December 2023 1,075,485

QUEST UNDERWATER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Revaluation reserve

2024
£
Balance at 01 January 2024 40,721
Surplus or deficit after revaluation 0
Balance at 31 December 2024 40,721