REGISTERED NUMBER: 06548023 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

R S Divers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M D Mackenzie

REGISTERED OFFICE:

The Camber

55 East Street

Portsmouth

Hampshire

PO1 2JJ

REGISTERED NUMBER:

06548023 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Intangible assets

4

12,000

14,000

Tangible assets

5

257,174

237,725

Investments

6

-

50

269,174

251,775

CURRENT ASSETS

Debtors

7

162,779

186,142

Investments

8

75,000

75,000

Cash at bank and in hand

43,853

19,215

281,632

280,357

CREDITORS

Amounts falling due within one year

9

145,818

99,885

NET CURRENT ASSETS

135,814

180,472

TOTAL ASSETS LESS CURRENT LIABILITIES

404,988

432,247

CREDITORS

Amounts falling due after more than one year

10

(36,847

)

(74,784

)

PROVISIONS FOR LIABILITIES

(51,010

)

(51,307

)

NET ASSETS

317,131

306,156

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

317,031

306,056

SHAREHOLDERS' FUNDS

317,131

306,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

M D Mackenzie - Director

1.	STATUTORY INFORMATION

R S Divers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant & machinery

-

10% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Current asset investments

Current asset investments are valued on a fair value basis. Any increase or diminution in value will be shown in the income statement in the year it occurs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

6,000

Charge for year

2,000

At 31 March 2025

8,000

NET BOOK VALUE

At 31 March 2025

12,000

At 31 March 2024

14,000

5.	TANGIBLE FIXED ASSETS

Short

Plant &

Fixtures

leasehold

machinery

& fittings

£

£

£

COST

At 1 April 2024

5,854

350,495

404

Additions

-

63,647

296

Disposals

-

(22,027

)

-

At 31 March 2025

5,854

392,115

700

DEPRECIATION

At 1 April 2024

4,167

130,083

61

Charge for year

585

26,853

51

Eliminated on disposal

-

(6,492

)

-

At 31 March 2025

4,752

150,444

112

NET BOOK VALUE

At 31 March 2025

1,102

241,671

588

At 31 March 2024

1,687

220,412

343

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

26,990

12,770

396,513

Additions

-

5,004

68,947

Disposals

-

(3,900

)

(25,927

)

At 31 March 2025

26,990

13,874

439,533

DEPRECIATION

At 1 April 2024

13,355

11,122

158,788

Charge for year

3,409

3,065

33,963

Eliminated on disposal

-

(3,900

)

(10,392

)

At 31 March 2025

16,764

10,287

182,359

NET BOOK VALUE

At 31 March 2025

10,226

3,587

257,174

At 31 March 2024

13,635

1,648

237,725

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

50

Disposals

(50

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

71,401

120,164

Other debtors

91,378

65,978

162,779

186,142

8.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Other

75,000

75,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

17,232

15,817

Trade creditors

11,379

1,626

Taxation and social security

56,194

48,940

Other creditors

61,013

33,502

145,818

99,885

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

35,695

52,927

Other creditors

1,152

21,857

36,847

74,784

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Between one and five years

15,169

25,886

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

R Stephenson

Balance outstanding at start of year

10,145

20,071

Amounts advanced

-

90,936

Amounts repaid

(10,145

)

(100,862

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,145