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REGISTERED NUMBER: SC545299 (Scotland)












Financial Statements

for the Period 13 September 2016 to 31 August 2017

for

JDV SUBSEA LTD

JDV SUBSEA LTD (REGISTERED NUMBER: SC545299)






Contents of the Financial Statements
for the Period 13 September 2016 to 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JDV SUBSEA LTD

Company Information
for the Period 13 September 2016 to 31 August 2017







DIRECTOR: JD Valentine





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC545299 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

JDV SUBSEA LTD (REGISTERED NUMBER: SC545299)

Balance Sheet
31 August 2017

Notes £    £   
FIXED ASSETS
Tangible assets 4 14,666

CURRENT ASSETS
Stocks 12,500
Debtors 5 7,374
Cash at bank 32,359
52,233
CREDITORS
Amounts falling due within one year 6 60,617
NET CURRENT LIABILITIES (8,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,282

PROVISIONS FOR LIABILITIES 2,787
NET ASSETS 3,495

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 3,494
SHAREHOLDERS' FUNDS 3,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JDV SUBSEA LTD (REGISTERED NUMBER: SC545299)

Balance Sheet - continued
31 August 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 12 February 2018 and were signed by:





JD Valentine - Director


JDV SUBSEA LTD (REGISTERED NUMBER: SC545299)

Notes to the Financial Statements
for the Period 13 September 2016 to 31 August 2017

1. STATUTORY INFORMATION

JDV Subsea Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss
Account, 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 material 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

JDV SUBSEA LTD (REGISTERED NUMBER: SC545299)

Notes to the Financial Statements - continued
for the Period 13 September 2016 to 31 August 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 14,602 1,826 16,428
At 31 August 2017 14,602 1,826 16,428
DEPRECIATION
Charge for period 1,631 131 1,762
At 31 August 2017 1,631 131 1,762
NET BOOK VALUE
At 31 August 2017 12,971 1,695 14,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 7,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 283
Taxation and social security 5,602
Other creditors 54,732
60,617

7. RELATED PARTY DISCLOSURES

During the period, total dividends of £12,000 were paid to the director .

The company was under control of the director, JD Valentine, throughout the current period

During the period the director advanced the company net amounts totalling £51,414. As at 31
August, included within other creditors, is a balance outstanding due to the director of £51,414. No
interest has been paid on this loan.