FALMOUTH DIVERS LIMITED

Company Registration Number:
02456458 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

FALMOUTH DIVERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes

FALMOUTH DIVERS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Fixed assets
Tangible assets: 3 365,078 385,482
Investments: 4 1 1
Total fixed assets: 365,079 385,483
Current assets
Stocks: 5 90,759 23,145
Debtors: 6 735,772 581,271
Cash at bank and in hand: 1,489,773 1,130,168
Total current assets: 2,316,304 1,734,584
Creditors: amounts falling due within one year: 7 ( 541,044 ) ( 224,906 )
Net current assets (liabilities): 1,775,260 1,509,678
Total assets less current liabilities: 2,140,339 1,895,161
Provision for liabilities: ( 42,489 ) ( 45,905 )
Total net assets (liabilities): 2,097,850 1,849,256
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,097,750 1,849,156
Total Shareholders' funds: 2,097,850 1,849,256

The notes form part of these financial statements

FALMOUTH DIVERS 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.

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

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

This report was approved by the board of directors on 16 September 2025
and signed on behalf of the board by:

Name: Mr S J Roue
Status: Director

The notes form part of these financial statements

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 6

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 221,263 553,524 22,169 78,740 875,696
Additions 10,349 10,349
Disposals
Revaluations
Transfers
At 31 December 2024 221,263 563,873 22,169 78,740 886,045
Depreciation
At 1 January 2024 39,825 373,151 19,947 57,291 490,214
Charge for year 4,425 19,917 1,050 5,361 30,753
On disposals
Other adjustments
At 31 December 2024 44,250 393,068 20,997 62,652 520,967
Net book value
At 31 December 2024 177,013 170,805 1,172 16,088 365,078
At 31 December 2023 181,438 180,373 2,222 21,449 385,482

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed assets investments note

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Stocks

2024 2023
£ £
Stocks 90,759 23,145
Total 90,759 23,145

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
£ £
Trade debtors 550,188 450,222
Prepayments and accrued income 28,787 20,580
Other debtors 156,797 110,469
Total 735,772 581,271

FALMOUTH DIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,201 3,794
Trade creditors 350,835 140,016
Taxation and social security 181,492 75,653
Other creditors 5,516 5,443
Total 541,044 224,906