SEA-LIFT DIVING LIMITED

SEA-LIFT DIVING LIMITED Accountants' Report For the year ended 31 March 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. V3 Accounting Solutions Limited 31 March 2025 V3 Accounting Solutions Limited 163A St Helens Road Swansea West Glamorgan SA1 4DQ 29 December 2025 1

SEA-LIFT DIVING LIMITED
Accountants' Report
For the year ended 31 March 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
V3 Accounting Solutions Limited
31 March 2025

V3 Accounting Solutions Limited
163A St Helens Road
Swansea
West Glamorgan
SA1 4DQ
29 December 2025

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SEA-LIFT DIVING LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	156,167	125,126
		156,167	125,126
Current assets
Stocks		49,735	45,769
Debtors		244,362	265,752
Cash at bank and in hand		16	243,816
		294,113	555,337
Creditors: amount falling due within one year		(146,521)	(169,374)
Net current assets		147,592	385,963

Total assets less current liabilities		303,759	511,089
Provisions for liabilities		(24,085)	(17,063)
Net assets		279,674	494,026

Capital and reserves
Called up share capital	4	250	250
Revaluation Reserves		(149,000)	(149,000)
Profit and loss account		428,424	642,776
Shareholders' funds		279,674	494,026

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

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

The financial statements were approved by the director on 29 December 2025 and were signed by:

-------------------------------
Bryan Johnstone WADDELL
Director

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SEA-LIFT DIVING LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

SEA-LIFT DIVING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02576702, registration address 20 Market Street Morriston, Swansea, SA6 8DA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 10 (2024 : 9).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2024	37,500	166,478	133,638	337,616
Additions	-	60,327	3,862	64,189
Disposals	-	(6,000)	-	(6,000)
At 31 March 2025	37,500	220,805	137,500	395,805
Depreciation
At 01 April 2024	-	123,900	88,591	212,491
Charge for year	-	16,327	10,820	27,147
On disposals	-	-	-	-
At 31 March 2025	-	140,227	99,411	239,638
Net book values
Closing balance as at 31 March 2025	37,500	80,578	38,089	156,167
Opening balance as at 01 April 2024	37,500	42,578	45,048	125,126

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
250 Class A shares of £1.00 each	250		250
	250		250

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Registered Number: 02576702
England and Wales
SEA-LIFT DIVING LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025