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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
Page
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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
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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
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Scuba School Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,638 
18,298 
Current assets
Debtors
2 
10,437 
Cash at bank and in hand
1,376 
3,042 
1,378 
13,479 
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 
Capital and reserves
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
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Scuba School Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
235 
Amounts falling due after more than one year
Other debtors
2 
10,202 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,929 
4,483 
Obligations under finance leases and hire purchase contracts
4,904 
- 
Taxes and social security
400 
- 
Other creditors
- 
399 
Loans from directors
2,714 
(2,269)
Accruals
- 
12,000 
14,947 
14,613 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
8,663 
Amounts owed to group undertakings and other participating interests
7,986 
- 
7,986 
8,663 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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