Company Registration No. 09383997 (England and Wales)
Scuba School Ltd
Unaudited accounts
for the year ended 31 January 2024
Scuba School Ltd
Unaudited accounts
Contents
Scuba School Ltd
Company Information
for the year ended 31 January 2024
Directors
Darren Ellis
Fiona Elizabeth Gray
Company Number
09383997 (England and Wales)
Registered Office
43 Alcester Road
Studley
B80 7NJ
Accountants
Chadwick Accountants & Bookkeepers Ltd
Avon View Offices
90 High Street
Bidford-on-Avon
Warwickshire
B50 4AF
Scuba School Ltd
Accountants' report
Accountants' report to the board of directors of Scuba School Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 January 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Chadwick Accountants & Bookkeepers Ltd
Avon View Offices
90 High Street
Bidford-on-Avon
Warwickshire
B50 4AF
18 September 2024
Scuba School Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
14,638
18,298
Cash at bank and in hand
1,376
3,042
Creditors: amounts falling due within one year
(14,947)
(14,613)
Net current liabilities
(13,569)
(1,134)
Total assets less current liabilities
1,069
17,164
Creditors: amounts falling due after more than one year
(7,986)
(8,663)
Net (liabilities)/assets
(6,917)
8,501
Profit and loss account
(6,917)
8,501
Shareholders' funds
(6,917)
8,501
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Fiona Elizabeth Gray
Director
Company Registration No. 09383997
Scuba School Ltd
Notes to the Accounts
for the year ended 31 January 2024
Scuba School Ltd is a private company, limited by shares, registered in England and Wales, registration number 09383997. The registered office is 43 Alcester Road, Studley, B80 7NJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Plant & machinery are depreciated using the reducing balance method at 20% per year
Fixtures & fittings
Furniture & Fixtures are depreciated using the reducing balance method at 20% per year
Computer equipment
Computer equipment is depreciated using the reducing balance method at 20% per year
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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. The total turnover of the company for the period has been derived from its principal activity wholly undertaken in the UK.
Scuba School Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
36,025
15,544
695
4,758
57,022
At 31 January 2024
36,025
15,544
695
4,758
57,022
At 1 February 2023
26,372
8,636
549
3,167
38,724
Charge for the year
1,931
1,382
29
318
3,660
At 31 January 2024
28,303
10,018
578
3,485
42,384
At 31 January 2024
7,722
5,526
117
1,273
14,638
At 31 January 2023
9,653
6,908
146
1,591
18,298
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,904
-
Taxes and social security
400
-
Loans from directors
2,714
(2,269)
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
7,986
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).