Company Registration No. SC712032 (Scotland)
SOLWAY SWIM & LEISURE LIMITED
Unaudited accounts
for the year ended 31 October 2023
SOLWAY SWIM & LEISURE LIMITED
Unaudited accounts
Contents
SOLWAY SWIM & LEISURE LIMITED
Company Information
for the year ended 31 October 2023
Director
Victoria Louise Muirhead
Company Number
SC712032 (Scotland)
Registered Office
Blyth Wood
Whitesprings
Annan
Dumfries & Galloway
DG12 6RD
Accountants
Tranquillity Tax
12 Peasehill Brae
Rosyth
Dunfermline
KY11 2AP
SOLWAY SWIM & LEISURE LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
314,825
303,328
Cash at bank and in hand
27,095
17,009
Creditors: amounts falling due within one year
(60,443)
(25,316)
Net current liabilities
(33,348)
(8,307)
Total assets less current liabilities
281,477
295,021
Creditors: amounts falling due after more than one year
(279,347)
(275,577)
Called up share capital
100
100
Profit and loss account
2,030
19,344
Shareholders' funds
2,130
19,444
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2024 and were signed on its behalf by
Victoria Louise Muirhead
Director
Company Registration No. SC712032
SOLWAY SWIM & LEISURE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
SOLWAY SWIM & LEISURE LIMITED is a private company, limited by shares, registered in Scotland, registration number SC712032. The registered office is Blyth Wood, Whitesprings, Annan, Dumfries & Galloway, DG12 6RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2022
278,020
29,774
307,794
At 31 October 2023
293,313
29,774
323,087
At 1 November 2022
-
4,466
4,466
Charge for the year
-
3,796
3,796
At 31 October 2023
-
8,262
8,262
At 31 October 2023
293,313
21,512
314,825
At 31 October 2022
278,020
25,308
303,328
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
23,193
23,193
Obligations under finance leases and hire purchase contracts
6,400
-
Loans from directors
-
1,273
SOLWAY SWIM & LEISURE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
265,480
275,577
Obligations under finance leases and hire purchase contracts
13,867
-
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).