IRIS Accounts Production v23.3.1.45 05204888 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052048882022-06-30052048882023-06-30052048882022-07-012023-06-30052048882021-06-30052048882021-07-012022-06-30052048882022-06-3005204888ns10:Originalns15:EnglandWales2022-07-012023-06-3005204888ns14:PoundSterlingns10:Original2022-07-012023-06-3005204888ns10:Originalns10:Director12022-07-012023-06-3005204888ns10:Original2022-07-012023-06-3005204888ns10:Original2023-06-3005204888ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005204888ns10:Originalns10:SmallEntities2022-07-012023-06-3005204888ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3005204888ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005204888ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005204888ns10:Originalns10:FullAccounts2022-07-012023-06-3005204888ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005204888ns10:Original2022-06-3005204888ns10:Originalns5:CurrentFinancialInstruments2023-06-3005204888ns10:Originalns5:CurrentFinancialInstruments2022-06-3005204888ns5:ShareCapitalns10:Original2023-06-3005204888ns5:ShareCapitalns10:Original2022-06-3005204888ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005204888ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005204888ns10:Original2021-07-012022-06-3005204888ns10:Originalns5:ComputerEquipment2022-06-3005204888ns10:Originalns5:ComputerEquipment2023-06-3005204888ns10:Originalns5:ComputerEquipment2022-06-3005204888ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005204888ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 05204888 (England and Wales)















AQUASCHOOL (SALISBURY) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






AQUASCHOOL (SALISBURY) LIMITED (REGISTERED NUMBER: 05204888)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


AQUASCHOOL (SALISBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mrs J Terry





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 05204888 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AQUASCHOOL (SALISBURY) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aquaschool (Salisbury) Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aquaschool (Salisbury) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aquaschool (Salisbury) Limited and state those matters that we have agreed to state to the director of Aquaschool (Salisbury) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aquaschool (Salisbury) Limited and its director for our work or for this report.

It is your duty to ensure that Aquaschool (Salisbury) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aquaschool (Salisbury) Limited. You consider that Aquaschool (Salisbury) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aquaschool (Salisbury) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


5 February 2024

AQUASCHOOL (SALISBURY) LIMITED (REGISTERED NUMBER: 05204888)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £ £
CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 56,767 55,977
Cash at bank 103,550 71,073
164,317 131,050
CREDITORS
Amounts falling due within one year 7 158,353 124,997
NET CURRENT ASSETS 5,964 6,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,964

6,053

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,963 6,052
SHAREHOLDERS' FUNDS 5,964 6,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





Mrs J Terry - Director


AQUASCHOOL (SALISBURY) LIMITED (REGISTERED NUMBER: 05204888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Aquaschool (Salisbury) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05204888 and the registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern
The financial statements have been prepared on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The director does not consider there to be any significant judgements or estimates.

Turnover
Turnover is derived from the provision of swimming lessons and is recognised when the lessons take place. This represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income.

Tangible fixed assets
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Computer equipment33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value.


AQUASCHOOL (SALISBURY) LIMITED (REGISTERED NUMBER: 05204888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the income statement in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 July 2022
and 30 June 2023 430
DEPRECIATION
At 1 July 2022
and 30 June 2023 430
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. STOCKS
2023 2022
£ £
Stocks 4,000 4,000

AQUASCHOOL (SALISBURY) LIMITED (REGISTERED NUMBER: 05204888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 425 1,226
Amounts owed by group undertakings 55,618 53,738
Prepayments and accrued income 724 1,013
56,767 55,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 307 820
Amounts owed to group undertakings 145,816 110,816
Corporation tax 8,815 9,981
VAT 18 441
Other creditors 307 1,685
Accruals 3,090 1,254
158,353 124,997