REGISTERED NUMBER: 09164786 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Diving Survey And Marine Contracting

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Bayston

K Hood

REGISTERED OFFICE:

Lauradale Barn

Lauradale Lane

Lindon

Skipton

North Yorkshire

BD23 6FW

REGISTERED NUMBER:

09164786 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

FIXED ASSETS

Tangible assets

4

2,260,448

1,162,613

CURRENT ASSETS

Stocks

-

268,489

Debtors

5

542,165

424,811

Cash at bank

301,854

602,317

844,019

1,295,617

CREDITORS

Amounts falling due within one year

6

757,490

319,492

NET CURRENT ASSETS

86,529

976,125

TOTAL ASSETS LESS CURRENT LIABILITIES

2,346,977

2,138,738

PROVISIONS FOR LIABILITIES

241,491

177,532

NET ASSETS

2,105,486

1,961,206

CAPITAL AND RESERVES

Called up share capital

7

102

102

Retained earnings

2,105,384

1,961,104

SHAREHOLDERS' FUNDS

2,105,486

1,961,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

C Bayston - Director

K Hood - Director

1.	STATUTORY INFORMATION

Diving Survey And Marine Contracting Limited 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost and 10% on reducing balance

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

322,634

1,475,428

3,737

Additions

965,040

301,210

-

At 31 December 2025

1,287,674

1,776,638

3,737

DEPRECIATION

At 1 January 2025

-

695,706

3,737

Charge for year

-

173,546

-

At 31 December 2025

-

869,252

3,737

NET BOOK VALUE

At 31 December 2025

1,287,674

907,386

-

At 31 December 2024

322,634

779,722

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

105,243

47,768

1,954,810

Additions

20,265

3,845

1,290,360

At 31 December 2025

125,508

51,613

3,245,170

DEPRECIATION

At 1 January 2025

55,697

37,057

792,197

Charge for year

13,796

5,183

192,525

At 31 December 2025

69,493

42,240

984,722

NET BOOK VALUE

At 31 December 2025

56,015

9,373

2,260,448

At 31 December 2024

49,546

10,711

1,162,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

475,348

411,605

VAT

35,310

-

Prepayments

31,507

13,206

542,165

424,811

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other loans

200,427

-

Trade creditors

438,582

213,421

Tax

48,434

46,396

Social security and other taxes

41,866

25,354

VAT

-

1,113

Other creditors

18,254

25,293

Directors' current accounts

5,927

3,915

Accrued expenses

4,000

4,000

757,490

319,492

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

A Ordinary

1

100

100

2

Ordinary B

1

2

2

102

102