IRIS Accounts Production v24.2.0.383 05428224 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054282242022-11-30054282242023-11-30054282242022-12-012023-11-30054282242021-11-30054282242021-12-012022-11-30054282242022-11-3005428224ns15:EnglandWales2022-12-012023-11-3005428224ns14:PoundSterling2022-12-012023-11-3005428224ns10:Director12022-12-012023-11-3005428224ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005428224ns10:SmallEntities2022-12-012023-11-3005428224ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3005428224ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005428224ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005428224ns10:FullAccounts2022-12-012023-11-300542822412022-12-012023-11-3005428224ns10:CompanySecretary12022-12-012023-11-3005428224ns10:RegisteredOffice2022-12-012023-11-3005428224ns5:CurrentFinancialInstruments2023-11-3005428224ns5:CurrentFinancialInstruments2022-11-3005428224ns5:Non-currentFinancialInstruments2023-11-3005428224ns5:Non-currentFinancialInstruments2022-11-3005428224ns5:ShareCapital2023-11-3005428224ns5:ShareCapital2022-11-3005428224ns5:RetainedEarningsAccumulatedLosses2023-11-3005428224ns5:RetainedEarningsAccumulatedLosses2022-11-3005428224ns5:NetGoodwill2022-12-012023-11-3005428224ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3005428224ns5:PlantMachinery2022-12-012023-11-3005428224ns5:FurnitureFittings2022-12-012023-11-3005428224ns5:ComputerEquipment2022-12-012023-11-3005428224ns5:NetGoodwill2022-11-3005428224ns5:NetGoodwill2023-11-3005428224ns5:NetGoodwill2022-11-3005428224ns5:PlantMachinery2022-11-3005428224ns5:FurnitureFittings2022-11-3005428224ns5:ComputerEquipment2022-11-3005428224ns5:PlantMachinery2023-11-3005428224ns5:FurnitureFittings2023-11-3005428224ns5:ComputerEquipment2023-11-3005428224ns5:PlantMachinery2022-11-3005428224ns5:FurnitureFittings2022-11-3005428224ns5:ComputerEquipment2022-11-3005428224ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3005428224ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-30
















Cardiff Scuba Limited

Financial Statements for the Year Ended 30 November 2023






Cardiff Scuba Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R P Sutherland





SECRETARY: N C Collins





REGISTERED OFFICE: 29 Castle Drive
Dinas Powys
CF64 4NP





REGISTERED NUMBER: 05428224 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cardiff Scuba 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 Balance Sheet. 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 Cardiff Scuba Limited for the year ended 30 November 2023 which comprise the Profit and Loss Account, Balance Sheet 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 Cardiff Scuba Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cardiff Scuba Limited and state those matters that we have agreed to state to the director of Cardiff Scuba 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 Cardiff Scuba Limited and its director for our work or for this report.

It is your duty to ensure that Cardiff Scuba 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 loss of Cardiff Scuba Limited. You consider that Cardiff Scuba 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 Cardiff Scuba 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.






BPU Limited
Chartered Accountants


30 August 2024

Cardiff Scuba Limited (Registered number: 05428224)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 829 1,105
829 1,105

CURRENT ASSETS
Stocks 8,251 16,094
Debtors 5 19,556 15,514
Cash at bank 12,423 5,149
40,230 36,757
CREDITORS
Amounts falling due within one year 6 37,069 28,620
NET CURRENT ASSETS 3,161 8,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,990

9,242

CREDITORS
Amounts falling due after more than
one year

7

20,000

20,000
NET LIABILITIES (16,010 ) (10,758 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,110 ) (10,858 )
(16,010 ) (10,758 )

Cardiff Scuba Limited (Registered number: 05428224)

Balance Sheet - continued
30 November 2023


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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





R P Sutherland - Director


Cardiff Scuba Limited (Registered number: 05428224)

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


1. 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 accounts have been prepared on a going concern basis as the company has the ongoing support of its director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% straight line

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, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cardiff Scuba Limited (Registered number: 05428224)

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


3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 21,000
AMORTISATION
At 1 December 2022
and 30 November 2023 21,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 39,439 3,632 12,548 55,619
DEPRECIATION
At 1 December 2022 38,334 3,632 12,548 54,514
Charge for year 276 - - 276
At 30 November 2023 38,610 3,632 12,548 54,790
NET BOOK VALUE
At 30 November 2023 829 - - 829
At 30 November 2022 1,105 - - 1,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,556 15,514

Cardiff Scuba Limited (Registered number: 05428224)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,080 832
Taxes & social security costs 3,039 2,058
Other creditors & accruals 24,950 25,730
37,069 28,620

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 20,000 20,000