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REGISTERED NUMBER: 11346739 (England and Wales)















Financial Statements

for the Year Ended 30th April 2024

for

SKI ZOOM LTD

SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Contents of the Financial Statements
for the year ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKI ZOOM LTD

Company Information
for the year ended 30th April 2024







DIRECTORS: Mr M Blunt
Mr A M Blunt
Ms S J Doyle
Mr M G Hill
Mr J Oosthuizen
Mr M C Rivis





REGISTERED OFFICE: 3rd Floor, 63 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 11346739 (England and Wales)





AUDITORS: Barrons Limited
Chartered Accountants
& Statutory Auditors
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN

SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,185 47,458
Tangible assets 5 118,658 75,859
160,843 123,317

CURRENT ASSETS
Debtors 6 1,620,633 862,206
Cash at bank 1,659,304 595,389
3,279,937 1,457,595
CREDITORS
Amounts falling due within one year 7 2,620,177 1,022,875
NET CURRENT ASSETS 659,760 434,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,603

558,037

CREDITORS
Amounts falling due after more than one
year

8

(115,873

)

(180,453

)

PROVISIONS FOR LIABILITIES (15,921 ) (12,224 )
NET ASSETS 688,809 365,360

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 209,608 209,608
Retained earnings 479,091 155,642
688,809 365,360

SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Balance Sheet - continued
30th April 2024


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 Board of Directors and authorised for issue on 6th September 2024 and were signed on its behalf by:




Mr M Blunt - Director



Mr A M Blunt - Director


SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Notes to the Financial Statements
for the year ended 30th April 2024


1. STATUTORY INFORMATION

Ski Zoom Ltd 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 represents the total value of holiday packages sold during the year, excluding VAT. Turnover is recognised at the point that the holiday commences.

Other income
Hotel commission is recognised at the point that the holiday commences.

Intangible assets
Other intangible assets relate to a website domain. It is amortised to the profit and loss account over its estimated economic life of 10 years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Land and buildings -20% straight line
Plant and machinery etc -20% straight line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.


SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 52,731
AMORTISATION
At 1st May 2023 5,273
Charge for year 5,273
At 30th April 2024 10,546
NET BOOK VALUE
At 30th April 2024 42,185
At 30th April 2023 47,458

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 40,598 54,788 95,386
Additions 47,831 23,355 71,186
At 30th April 2024 88,429 78,143 166,572
DEPRECIATION
At 1st May 2023 5,375 14,152 19,527
Charge for year 14,406 13,981 28,387
At 30th April 2024 19,781 28,133 47,914
NET BOOK VALUE
At 30th April 2024 68,648 50,010 118,658
At 30th April 2023 35,223 40,636 75,859

SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,335 -
Other debtors 1,613,298 862,206
1,620,633 862,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,813 52,844
Trade creditors 369,313 44,284
Taxation and social security 208,349 79,527
Other creditors 1,979,702 846,220
2,620,177 1,022,875

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 115,873 180,453

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 121,683 61,758
Between one and five years 81,122 20,586
202,805 82,344

There is a break clause in the lease that can be activated on 31st December 2025.

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 178,686 233,297

The bank loan is secured by a debenture over all of its assets.

Also within the bank loan is a Bounce Back loan provided by the government during the coronavirus outbreak

SKI ZOOM LTD (REGISTERED NUMBER: 11346739)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Radford FCCA (Senior Statutory Auditor)
for and on behalf of Barrons Limited

12. RELATED PARTY DISCLOSURES

As at the balance sheet date there were directors' current account balances totalling £2,480 (2023: £43,844)