Accounts filed on 30-04-2014

trueKDO Subsea LtdSC447804164 1173 292014-04-3028414285141002851428514262712265648927157113321622432243Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover The turnover shown in the profit and loss account represents services provided during the year, exclusive of Value Added Tax at the standard rate. The turnover figure includes the adjustment relating to the use of the flat rate VAT scheme. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Fixed Assets All fixed assets are initially recorded at cost. EquipmentReducing Balance0.2500 Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. 2991299174874829912991748748Ordinary10011000Ordinary11000100During the period the company issued 100 ordinary £1 shares at par. 2015-01-07Mr K Oliarotruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKDO Subsea Ltd2013-04-162014-04-30KDO Subsea Ltd2012-05-012013-04-15KDO Subsea Ltd2012-04-30KDO Subsea Ltd2013-04-15KDO Subsea Ltd2013-04-15KDO Subsea Ltd2014-04-30 2015-01-12