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Registered number: 09683313
Little Swimming Company Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
North East Accountancy Solutions Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09683313
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150 409
150 409
CURRENT ASSETS
Debtors 5 33,311 54,856
33,311 54,856
Creditors: Amounts Falling Due Within One Year 6 (19,798 ) (26,766 )
NET CURRENT ASSETS (LIABILITIES) 13,513 28,090
TOTAL ASSETS LESS CURRENT LIABILITIES 13,663 28,499
Creditors: Amounts Falling Due After More Than One Year 7 (28,275 ) (32,441 )
NET LIABILITIES (14,612 ) (3,942 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (14,712 ) (4,042 )
SHAREHOLDERS' FUNDS (14,612) (3,942)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benjamin Sabin
Director
16/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little Swimming Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09683313 . The registered office is Little Swimming Company, Bassington Industrial Estate, Cramlington, Northumberland, NE23 8AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 48,686 13,150 61,836
As at 31 August 2023 48,686 13,150 61,836
Depreciation
As at 1 September 2022 48,427 13,000 61,427
Provided during the period 184 75 259
As at 31 August 2023 48,611 13,075 61,686
Net Book Value
As at 31 August 2023 75 75 150
As at 1 September 2022 259 150 409
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other taxes and social security - 2,397
Amounts owed by other participating interests 33,311 52,459
33,311 54,856
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 7,459 11,109
Corporation tax 54 2,254
Bounce Back Loan 5,138 5,138
Accruals and deferred income 3,296 2,096
Director's loan account 3,851 6,169
19,798 26,766
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce Back Loan. 28,275 32,441
28,275 32,441
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4