REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2021 |
for |
DIVEMANIA SCUBA LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2021 |
for |
DIVEMANIA SCUBA LIMITED |
DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985) |
Contents of the Financial Statements |
for the Year Ended 30 November 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DIVEMANIA SCUBA LIMITED |
Company Information |
for the Year Ended 30 November 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
14 Broadway |
Rainham |
Essex |
RM13 9YW |
DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985) |
Balance Sheet |
30 November 2021 |
30.11.21 | 30.11.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985) |
Balance Sheet - continued |
30 November 2021 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985) |
Notes to the Financial Statements |
for the Year Ended 30 November 2021 |
1. | STATUTORY INFORMATION |
Divemania Scuba Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of consideration received or receivable, net of discounts, for courses, memberships, shop sales and trips organised. Courses organised as an agent for external providers are recognised on a net commission basis only. |
Tangible fixed assets |
Scuba Equipment | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings Statement, 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 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 year 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. |
DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2021 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Scuba | and | Motor | Computer |
Equipment | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 December 2020 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 November 2021 |
DEPRECIATION |
At 1 December 2020 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 November 2021 |
NET BOOK VALUE |
At 30 November 2021 |
At 30 November 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.21 | 30.11.20 |
£ | £ |
Trade debtors |
Other debtors |
Dive trips organised as an agent for external companies are invoiced in full to customers as places are taken up. Places are cancellable at no loss to Divemania Scuba Ltd. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.21 | 30.11.20 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Creditors include total costs of future dive trips invoiced up front to members reserving a place. Any trips unpaid by members are cancellable and liabilities may therefore be subject to change - places are cancellable at no loss to Divemania Scuba Ltd. |
Due to COVID 19, some trips had to be cancelled in this period and funds held to be set against future trips. |
DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2021 |
7. | PROVISIONS FOR LIABILITIES |
30.11.21 | 30.11.20 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Tax losses carried forward | ( |
) |
592 | 448 |
Deferred |
tax |
£ |
Balance at 1 December 2020 |
Provided during year |
Utilised during year | ( |
) |
Balance at 30 November 2021 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.21 | 30.11.20 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £3,636 were paid to the directors . |
Total amounts owed to directors at the end of the financial year amounted to £ |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |