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REGISTERED NUMBER: 08814506 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Southern Cygnet Swim School Ltd

Southern Cygnet Swim School Ltd (Registered number: 08814506)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Southern Cygnet Swim School Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Whiting





REGISTERED OFFICE: c/o RWB Tax Consultants Ltd
F7A Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN





REGISTERED NUMBER: 08814506 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
F7A Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN

Southern Cygnet Swim School Ltd (Registered number: 08814506)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 800 1,600
Tangible assets 5 13,068 6,001
13,868 7,601

CURRENT ASSETS
Stocks 6 700 524
Debtors 7 357 11
Cash at bank 19,868 24,652
20,925 25,187
CREDITORS
Amounts falling due within one year 8 21,196 21,214
NET CURRENT (LIABILITIES)/ASSETS (271 ) 3,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,597

11,574

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 13,497 11,474
SHAREHOLDERS' FUNDS 13,597 11,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 director and authorised for issue on 18 November 2023 and were signed by:



A Whiting - Director


Southern Cygnet Swim School Ltd (Registered number: 08814506)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Southern Cygnet Swim School Ltd is a private company, limited by shares , registered in England and Wales. 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 represents sales of services and goods exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 Income 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Southern Cygnet Swim School Ltd (Registered number: 08814506)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 8,000
AMORTISATION
At 1 April 2022 6,400
Amortisation for year 800
At 31 March 2023 7,200
NET BOOK VALUE
At 31 March 2023 800
At 31 March 2022 1,600

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 4,711 4,876 - 9,587
Additions 1,503 7,842 539 9,884
At 31 March 2023 6,214 12,718 539 19,471
DEPRECIATION
At 1 April 2022 2,854 732 - 3,586
Charge for year 839 1,799 179 2,817
At 31 March 2023 3,693 2,531 179 6,403
NET BOOK VALUE
At 31 March 2023 2,521 10,187 360 13,068
At 31 March 2022 1,857 4,144 - 6,001

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 700 524

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 357 -
Prepayments - 11
357 11

Southern Cygnet Swim School Ltd (Registered number: 08814506)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax (1 ) 1,580
Social security and other taxes 397 -
Directors' current accounts 9,231 8,600
Accruals and deferred income 4,881 3,438
Accrued expenses 6,688 7,596
21,196 21,214

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A Whiting
Balance outstanding at start of year (8,600 ) (3,961 )
Amounts repaid (631 ) (4,639 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,231 ) (8,600 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Whiting.