JDR Subsea Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC489369 (Scotland)

Financial Statements for the Year Ended 31 March 2020

for

JDR Subsea Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Riddell

Mrs I Riddell

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

REGISTERED NUMBER:

SC489369 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

4

-

593

CURRENT ASSETS

Debtors

5

-

2,126

Cash at bank

6,268

35,190

6,268

37,316

CREDITORS

Amounts falling due within one year

6

4,965

29,105

NET CURRENT ASSETS

1,303

8,211

TOTAL ASSETS LESS CURRENT LIABILITIES

1,303

8,804

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,203

8,704

SHAREHOLDERS' FUNDS

1,303

8,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 16 April 2020 and were signed on its behalf by:

J D Riddell - Director

1.	STATUTORY INFORMATION

JDR Subsea Consulting Limited is a private company, limited by shares , registered in Scotland. 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 etc

-

25% on cost

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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

2,376

DEPRECIATION

At 1 April 2019

1,783

Charge for year

593

At 31 March 2020

2,376

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

593

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

2,126

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Taxation and social security

-

1,210

Other creditors

4,965

27,895

4,965

29,105

7.	RELATED PARTY DISCLOSURES

During the year the directors Mr & Mrs Riddell advanced the company net amounts totalling £3,465 This amount

remained outstanding at 31/03/2020 and is included within other creditors in the notes to the accounts.

8.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr John Riddell by virtue of his majority 70%

holding in the ordinary share capital of the company.