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REGISTERED NUMBER: 08788985 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

DIVEMANIA SCUBA LIMITED

DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIVEMANIA SCUBA LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Betts (Resigned 31/03/24)
P Bryant (Resigned 31/03/24)
D W Kendrick-White





SECRETARY:





REGISTERED OFFICE: 2 Crouchview Close
Wickford
Essex
SS11 8QB





REGISTERED NUMBER: 08788985 (England and Wales)





ACCOUNTANTS: Jan Watkinson & Co.
14 Broadway
Rainham
Essex
RM13 9YW

DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 523 1,871

CURRENT ASSETS
Stocks 3,381 3,617
Debtors 5 6,316 36,546
Cash at bank and in hand 7,536 23,671
17,233 63,834
CREDITORS
Amounts falling due within one year 6 14,328 52,205
NET CURRENT ASSETS 2,905 11,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,428

13,500

PROVISIONS FOR LIABILITIES 7 99 355
NET ASSETS 3,329 13,145

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 1,350 1,350
Retained earnings 1,879 11,695
SHAREHOLDERS' FUNDS 3,329 13,145

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

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

The directors acknowledge their 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.

DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985)

Balance Sheet - continued
30 November 2023


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 Profit and Loss Account and Retained Earnings Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





D W Kendrick-White - Director


DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Divemania Scuba Limited 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 is measured at the fair value of consideration received or receivable, net of discounts, for courses, memberships, shop sales and trips organised. Courses organised as an agent for external providers are recognised on a net commission basis only.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Scuba Equipment - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 Profit and Loss Account and Retained Earnings 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Scuba and Motor Computer
Equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 30,663 857 4,000 40 35,560
DEPRECIATION
At 1 December 2022 28,792 857 4,000 40 33,689
Charge for year 1,348 - - - 1,348
At 30 November 2023 30,140 857 4,000 40 35,037
NET BOOK VALUE
At 30 November 2023 523 - - - 523
At 30 November 2022 1,871 - - - 1,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 3,213 32,927
Other debtors 3,103 3,619
6,316 36,546

Dive trips organised as an agent for external companies are invoiced in full to customers as places are taken up. Places are cancellable at no loss to Divemania Scuba Ltd.
Amounts receivable and paid in advance in relation to future trips included in trade and other debtors amounts to £1,463 (£2022: £32,417)


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 874 633
Taxation and social security 111 2,284
Other creditors 13,343 49,288
14,328 52,205

Creditors include total costs of future dive trips invoiced up front to members reserving a place. Any trips unpaid by members are cancellable and liabilities may therefore be subject to change - places are cancellable at no loss to Divemania Scuba Ltd.
Amounts billed in relation to future trips included in other creditors amounts to £4,105 (2022: £40,890).

DIVEMANIA SCUBA LIMITED (REGISTERED NUMBER: 08788985)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 99 355

Deferred
tax
£   
Balance at 1 December 2022 355
Utilised during year (256 )
Balance at 30 November 2023 99

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,912 were paid to the directors .

Total amounts owed to directors at the end of the financial year amounted to £1,698 (2022: £2,993)

During the previous financial year, £1.200 was paid to Mr D Kendrick-White, director and shareholder, for
subcontract training services provided to the Company through his IDCTeachScuba business which provides training and examination to other instructors to PADI instructor certification.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D W Kendrick-White.

During the year ultimate control was shared between each of the directors/shareholders of the company equally