Underwater Technical Services Limited

Underwater Technical Services Limited

UNDERWATER TECHNICAL SERVICES LIMITED - Company Information

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1 January 2019 false No description of principal activity Taxfiler 2020.10 02694740business:PrivateLimitedCompanyLtd2019-01-012019-12-31 026947402018-12-31 026947402019-01-012019-12-31 02694740business:AuditExemptWithAccountantsReport2019-01-012019-12-31 02694740business:FullAccounts2019-01-012019-12-31 026947402019-12-31 02694740business:Director12019-01-012019-12-31 02694740business:Director22019-01-012019-12-31 02694740business:RegisteredOffice2019-01-012019-12-31 026947402018-12-31 02694740core:WithinOneYear2019-12-31 02694740core:WithinOneYear2018-12-31 02694740core:AfterOneYear2019-12-31 02694740core:AfterOneYear2018-12-31 02694740core:ShareCapital2019-12-31 02694740core:ShareCapital2018-12-31 02694740core:RetainedEarningsAccumulatedLosses2019-12-31 02694740core:RetainedEarningsAccumulatedLosses2018-12-31 02694740business:SmallEntities2019-01-012019-12-31 02694740countries:EnglandWales2019-01-012019-12-31 02694740core:PlantMachinery2019-01-012019-12-31 02694740core:ComputerEquipment2019-01-012019-12-31 02694740core:PlantMachinery2018-12-31 02694740core:ComputerEquipment2018-12-31 02694740core:PlantMachinery2019-12-31 02694740core:ComputerEquipment2019-12-31 02694740business:OrdinaryShareClass12019-01-012019-12-31 02694740business:OrdinaryShareClass12018-01-012018-12-31 026947402018-01-012018-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 02694740 (England and Wales)
Underwater Technical Services Limited Unaudited accounts for the year ended 31 December 2019
Underwater Technical Services Limited Unaudited accounts Contents
Page
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Underwater Technical Services Limited Company Information for the year ended 31 December 2019
Directors
Mr. Stephen Moore Mrs. Yvonne Moore
Company Number
02694740 (England and Wales)
Registered Office
Together Accounting Limited 17-19 St. George's Street Norwich Norfolk NR3 1AB England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Underwater Technical Services Limited Accountants' report
Accountants' report to the board of directors of Underwater Technical Services Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Underwater Technical Services Limited for the year ended 31 December 2019 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Underwater Technical Services Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Underwater Technical Services Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Underwater Technical Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Underwater Technical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Underwater Technical Services Limited. You consider that Underwater Technical Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Underwater Technical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB 6 August 2020
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Underwater Technical Services Limited Statement of financial position as at 31 December 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,722 
9,908 
Current assets
Debtors
5
81,710 
34,960 
Investments
6
- 
24,800 
Cash at bank and in hand
41,701 
32,708 
123,411 
92,468 
Creditors: amounts falling due within one year
7
(69,965)
(15,323)
Net current assets
53,446 
77,145 
Total assets less current liabilities
64,168 
87,053 
Creditors: amounts falling due after more than one year
8
- 
61,536 
Net assets
64,168 
148,589 
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
64,068 
148,489 
Shareholders' funds
64,168 
148,589 
For the year ending 31 December 2019 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 6 August 2020 and were signed on its behalf by
Mr. Stephen Moore Director Company Registration No. 02694740
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Underwater Technical Services Limited Notes to the Accounts for the year ended 31 December 2019
1
Statutory information
Underwater Technical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02694740. The registered office is Together Accounting Limited, 17-19 St. George's Street, Norwich, Norfolk, NR3 1AB, England.
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:
Plant & machinery
33% - Straight Line Method
Computer equipment
33% - Straight Line Method
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Underwater Technical Services Limited Notes to the Accounts for the year ended 31 December 2019
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2019
101,182 
- 
101,182 
Additions
- 
2,289 
2,289 
Disposals
(87,015)
- 
(87,015)
At 31 December 2019
14,167 
2,289 
16,456 
Depreciation
At 1 January 2019
91,274 
- 
91,274 
Charge for the year
47 
763 
810 
On disposals
(86,350)
- 
(86,350)
At 31 December 2019
4,971 
763 
5,734 
Net book value
At 31 December 2019
9,196 
1,526 
10,722 
At 31 December 2018
9,908 
- 
9,908 
5
Debtors
2019 
2018 
£ 
£ 
Trade debtors
80,475 
33,426 
Deferred tax asset
1,235 
1,235 
Accrued income and prepayments
- 
299 
81,710 
34,960 
6
Investments held as current assets
2019 
2018 
£ 
£ 
Listed investments
- 
24,800 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
(1,391)
5,609 
Trade creditors
63,830 
4,952 
Taxes and social security
2,027 
3,566 
Other creditors
174 
(1,029)
Loans from directors
2,730 
(5,842)
Accruals
2,595 
8,067 
69,965 
15,323 
8
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
- 
(59,638)
Taxes and social security
- 
(1,898)
- 
(61,536)
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Underwater Technical Services Limited Notes to the Accounts for the year ended 31 December 2019
9
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Controlling party
The Company is controlled by the Directors who own 100% of the Called Up Share Capital.
11
Average number of employees
During the year the average number of employees was 0 (2018: 0).
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