1 December 2022 false No description of principal activity Taxfiler 2024.5 05716815business:PrivateLimitedCompanyLtd2022-12-012023-11-30 057168152022-11-30 057168152022-12-012023-11-30 05716815business:AuditExemptWithAccountantsReport2022-12-012023-11-30 05716815business:FilletedAccounts2022-12-012023-11-30 057168152023-11-30 05716815business:Director12022-12-012023-11-30 05716815business:CompanySecretary12022-12-012023-11-30 05716815business:RegisteredOffice2022-12-012023-11-30 057168152022-11-30 05716815core:WithinOneYear2023-11-30 05716815core:WithinOneYear2022-11-30 05716815core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 05716815core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 05716815core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 05716815core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 05716815core:PreviouslyStatedAmount2023-11-30 05716815core:PreviouslyStatedAmount2022-11-30 05716815business:SmallEntities2022-12-012023-11-30 05716815countries:EnglandWales2022-12-012023-11-30 05716815core:PlantMachinery2022-12-012023-11-30 05716815core:MotorVehicles2022-12-012023-11-30 05716815core:ComputerEquipment2022-12-012023-11-30 05716815core:Goodwill2022-11-30 05716815core:Goodwill2023-11-30 05716815core:PlantMachinery2022-11-30 05716815core:MotorVehicles2022-11-30 05716815core:FurnitureFittings2022-11-30 05716815core:ComputerEquipment2022-11-30 05716815core:FurnitureFittings2022-12-012023-11-30 05716815core:PlantMachinery2023-11-30 05716815core:MotorVehicles2023-11-30 05716815core:FurnitureFittings2023-11-30 05716815core:ComputerEquipment2023-11-30 057168152021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 05716815 (England and Wales)
Into The Blue (SW) Limited Unaudited accounts for the year ended 30 November 2023
Into The Blue (SW) Limited Unaudited accounts Contents
Page
- 2 -
Into The Blue (SW) Limited Company Information for the year ended 30 November 2023
Director
Nigel Knight
Secretary
Penny Knight
Company Number
05716815 (England and Wales)
Registered Office
Unit 25 Riverbank Court North Devon Business Park, Chivenor Barnstaple Devon EX31 4FY England
Accountants
Westerly Accountancy Ltd 24 Orchard Road Wrafton Braunton EX33 2DZ
- 3 -
Into The Blue (SW) Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
129,544 
96,217 
Current assets
Inventories
5,000 
5,000 
Debtors
583,759 
470,581 
Cash at bank and in hand
20,990 
32,073 
609,749 
507,654 
Creditors: amounts falling due within one year
(465,253)
(370,036)
Net current assets
144,496 
137,618 
Net assets
274,040 
233,835 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
273,940 
233,735 
Shareholders' funds
274,040 
233,835 
For the year ending 30 November 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 his 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 6 August 2024 and were signed on its behalf by
Nigel Knight Director Company Registration No. 05716815
- 4 -
Into The Blue (SW) Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Into The Blue (SW) Limited is a private company, limited by shares, registered in England and Wales, registration number 05716815. The registered office is Unit 25, Riverbank Court, North Devon Business Park, Chivenor, Barnstaple, Devon, EX31 4FY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
Into The Blue (SW) Limited Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
32,500 
At 30 November 2023
32,500 
Amortisation
At 1 December 2022
32,500 
At 30 November 2023
32,500 
Net book value
At 30 November 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
108,935 
150,510 
- 
11,897 
271,342 
Additions
38,950 
24,035 
498 
874 
64,357 
At 30 November 2023
147,885 
174,545 
498 
12,771 
335,699 
Depreciation
At 1 December 2022
60,022 
106,583 
- 
8,520 
175,125 
Charge for the year
13,180 
16,908 
24 
918 
31,030 
At 30 November 2023
73,202 
123,491 
24 
9,438 
206,155 
Net book value
At 30 November 2023
74,683 
51,054 
474 
3,333 
129,544 
At 30 November 2022
48,913 
43,927 
- 
3,377 
96,217 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
227,514 
234,245 
Accrued income and prepayments
25,590 
27,681 
Other debtors
330,655 
208,655 
583,759 
470,581 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
29,519 
49,751 
Trade creditors
69,526 
64,699 
Taxes and social security
23,511 
31,564 
Other creditors
45,020 
37,046 
Loans from directors
226,036 
179,602 
Accruals
71,641 
7,374 
465,253 
370,036 
- 6 -
Into The Blue (SW) Limited Notes to the Accounts for the year ended 30 November 2023
8
Transactions with related parties
Included within debtors are loans to related parties of £330,655 (2022: £208,655). The directors and shareholders of the Company are participators in the recipients. Included within creditors are loans from a related party of £40,000 (2022: £30,000). A shareholder of the Company is a participator in the lending company.
9
Average number of employees
During the year the average number of employees was 9 (2022: 8).
- 7 -