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REGISTERED NUMBER: 13482479 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Adventure Bude Ltd

Adventure Bude Ltd (Registered number: 13482479)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adventure Bude Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P D Currie
P R Horton
M P McManus





REGISTERED OFFICE: The Grenville
Belle Vue
Bude
EX23 8JP





REGISTERED NUMBER: 13482479 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Burn View
BUDE
Cornwall
EX23 8BX

Adventure Bude Ltd (Registered number: 13482479)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 749 1,049
Tangible assets 5 112,927 72,455
Investments 6 1,573 2,124
115,249 75,628

CURRENT ASSETS
Stocks 2,901 23,898
Debtors 7 24,738 12,114
Cash at bank and in hand 1,638,792 1,056,943
1,666,431 1,092,955
CREDITORS
Amounts falling due within one year 8 1,415,967 1,037,541
NET CURRENT ASSETS 250,464 55,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,713

131,042

PROVISIONS FOR LIABILITIES 15,700 3,650
NET ASSETS 350,013 127,392

CAPITAL AND RESERVES
Called up share capital 100 100
Reserve 9 1,179 1,592
Retained earnings 348,734 125,700
SHAREHOLDERS' FUNDS 350,013 127,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:



P R Horton - Director


Adventure Bude Ltd (Registered number: 13482479)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Adventure Bude 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade
discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. This is usually when the possession of goods has been passed on to the customer.

Rendering of services
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For activity courses, revenue is recognised in the period in which the course falls. Deposits received for activity courses provided after the accounting period end are treated as deferred income.

Other operating income
Accommodation and rental income are recognised in the period when the corresponding facilities are used.

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.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 5%- to 33.3% on cost and 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Adventure Bude Ltd (Registered number: 13482479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
All basic financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, loans, trade and other debtors and trade and other creditors.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as
stated in the financial statements that arise from the inclusion of income and expense in tax assessments in
periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Investments
Listed investments are measured at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 38 ) .

Adventure Bude Ltd (Registered number: 13482479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,499
AMORTISATION
At 1 April 2023 450
Charge for year 300
At 31 March 2024 750
NET BOOK VALUE
At 31 March 2024 749
At 31 March 2023 1,049

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 94,411
Additions 69,110
At 31 March 2024 163,521
DEPRECIATION
At 1 April 2023 21,956
Charge for year 28,638
At 31 March 2024 50,594
NET BOOK VALUE
At 31 March 2024 112,927
At 31 March 2023 72,455

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 2,124
Share of profit/(loss) (1 )
Revaluations (550 )
At 31 March 2024 1,573
NET BOOK VALUE
At 31 March 2024 1,573
At 31 March 2023 2,124

Adventure Bude Ltd (Registered number: 13482479)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,573

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,738 12,114

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 83,956 67,594
Taxation and social security 175,815 88,209
Other creditors 1,156,196 881,738
1,415,967 1,037,541

9. RESERVES
Reserve
£   
At 1 April 2023 1,592
Non- distributable reserve (413 )

At 31 March 2024 1,179

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet amounted to £5,280 (2023: £7,920).