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Company Registration No. 01101908 (England and Wales)
Solent Divers (Portsmouth) Limited Unaudited accounts for the year ended 30 November 2025
Solent Divers (Portsmouth) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Solent Divers (Portsmouth) Limited Company Information for the year ended 30 November 2025
Directors
Mr A Hares Mr P Hares Mrs V Hares
Company Number
01101908 (England and Wales)
Registered Office
122-128 Lake Road Portsmouth Hampshire PO1 4HH
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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Solent Divers (Portsmouth) Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
13,980
15,104
Investments
5
100
100
14,080
15,204
Current assets
Inventories
42,900
47,867
Debtors
6
24,064
29,136
Cash at bank and in hand
38,269
45,487
105,233
122,490
Creditors: amounts falling due within one year
7
(171,955)
(164,224)
Net current liabilities
(66,722)
(41,734)
Net liabilities
(52,642)
(26,530)
Capital and reserves
Called up share capital
15,003
15,003
Profit and loss account
(67,645)
(41,533)
Shareholders' funds
(52,642)
(26,530)
For the year ending 30 November 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by
Mr A Hares Director Company Registration No. 01101908
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Solent Divers (Portsmouth) Limited Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Solent Divers (Portsmouth) Limited is a private company, limited by shares, registered in England and Wales, registration number 01101908. The registered office is 122-128 Lake Road, Portsmouth, Hampshire, PO1 4HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Improvements to property - 2% straight line Plant & machinery - 10% on reducing balance Fixtures & fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance
Investment in subsidaries
Investments in subsidiary undertakings are recognised at cost.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting its liabilities.
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Solent Divers (Portsmouth) Limited Notes to the Accounts for the year ended 30 November 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Hire purchase and leasing committments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. The assets of the scheme are held separately from those of the company.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for use. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2024
8,700
67,889
17,833
3,986
7,152
105,560
At 30 November 2025
8,700
67,889
17,833
3,986
7,152
105,560
Depreciation
At 1 December 2024
3,016
58,519
17,826
3,986
7,109
90,456
Charge for the year
174
937
2
-
11
1,124
At 30 November 2025
3,190
59,456
17,828
3,986
7,120
91,580
Net book value
At 30 November 2025
5,510
8,433
5
-
32
13,980
At 30 November 2024
5,684
9,370
7
-
43
15,104
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Solent Divers (Portsmouth) Limited Notes to the Accounts for the year ended 30 November 2025
5
Investments
Subsidiary undertakings
£
Valuation at 1 December 2024
100
Valuation at 30 November 2025
100
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
12,598
27,793
Accrued income and prepayments
11,466
1,343
24,064
29,136
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
6,412
7,705
Trade creditors
17,793
7,573
Taxes and social security
1,628
1,429
Other creditors
145,185
146,580
Loans from directors
937
937
171,955
164,224
8
Controlling party
The ultimate controlling part is Mrs V Hares, Mr A Hares and Mr P Hares jointly.
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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