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Registered number: 01203721

Norwood Aquarium Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Scrooged Limited
168 Three Bridges Road
Crawley
West Sussex
RH10 1LE

Norwood Aquarium Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Mr K Street
Mrs M Street
REGISTERED OFFICE
The Green
Warlimgham
Surrey
CR6 9HA
COMPANY DETAILS
registered in , registered number 01203721
ACCOUNTANTS
Scrooged Limited
168 Three Bridges Road
Crawley
West Sussex
RH10 1LE

Norwood Aquarium Limited

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Norwood Aquarium Limited

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2633,043648,454
CURRENT ASSETS
Stock840,000700,000
Debtors4479,411399,251
Cash at bank and in hand598,755875,558
1,918,1661,974,809
CREDITORS: Amounts falling due within one year5425,279406,609
NET CURRENT ASSETS1,492,8871,568,200
TOTAL ASSETS LESS CURRENT LIABILITIES2,125,9302,216,654
PROVISIONS FOR LIABILITIES AND CHARGES72,708-
NET ASSETS2,123,2222,216,654
CAPITAL AND RESERVES
Called up share capital81,4941,494
Profit and loss account2,121,7282,215,160
SHAREHOLDERS' FUNDS2,123,2222,216,654
For the year ending 31/10/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/03/2024 and signed on their behalf by
.............................
Mr K Street
Director

Norwood Aquarium Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Norwood Aquarium Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/11/2022785,746421,575167,06667,3661,441,753
Additions-5,62256,247-61,869
Disposals--(47,042)-(47,042)
At 31/10/2023785,746427,197176,27167,3661,456,580
Depreciation
At 01/11/2022330,013305,40594,03163,850793,299
Disposals--(41,493)-(41,493)
For the year15,71524,55530,93352871,731
At 31/10/2023345,728329,96083,47164,378823,537
Net Book Amounts
At 31/10/2023440,01897,23792,8002,988633,043
At 31/10/2022455,733116,17073,0353,516648,454
3. STOCK 20232022
££
Stock comprises:
Stock of Finished goods and goods for resale840,000700,000
840,000700,000
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors370,179323,050
NIC control3-
Other debtors28,400444
Prepayments80,82974,654
Deferred taxation-1,103
479,411399,251

Norwood Aquarium Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax159159
VAT73,18959,545
Salaries and wages control13,01912,694
NIC control-4,514
Directors current account122,971124,771
Credit card8231,120
Trade creditors206,373167,713
Accruals8,74536,093
425,279406,609
6. EMPLOYEES
20232022
No.No.
Average number of employees2222
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation2,708(1,103)
2,708-
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
996 Class A shares of £1 each996996
498 Class B shares of £1 each498498
1,4941,494

Norwood Aquarium Limited

9. CONTROLLING PARTY
The Company is ultimately owned by the directors, K Street and M Street, who control 100% of the share capital.
10. RELATED PARTY TRANSACTIONS
Included within the figure for other creditors falling due within one year are amounts owed to the director:
Mr K Street £122,971 (2022 - £124,771)