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REGISTERED NUMBER: 05581094 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Splash About International Limited

Splash About International Limited (Registered number: 05581094)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Splash About International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L Beach
J Carr
M Carter
C V Wright
Mrs S J Williams





REGISTERED OFFICE: Unit 3 Beels Road
Stallingborough
Grimsby
DN41 8DN





REGISTERED NUMBER: 05581094 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse,
5-7 Byrom Street,
Manchester
M3 4PF

Splash About International Limited (Registered number: 05581094)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 397,232 317,504
Tangible assets 5 225,568 254,270
622,800 571,774

CURRENT ASSETS
Stocks 3,234,266 2,868,443
Debtors 6 2,548,354 2,591,001
Cash at bank 1,107,028 893,017
6,889,648 6,352,461
CREDITORS
Amounts falling due within one year 7 1,799,143 1,449,953
NET CURRENT ASSETS 5,090,505 4,902,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,713,305

5,474,282

PROVISIONS FOR LIABILITIES 43,417 40,627
NET ASSETS 5,669,888 5,433,655

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,669,788 5,433,555
SHAREHOLDERS' FUNDS 5,669,888 5,433,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Splash About International Limited (Registered number: 05581094)

Balance Sheet - continued
31 December 2023


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 20 September 2024 and were signed on its behalf by:





Mrs L Beach - Director


Splash About International Limited (Registered number: 05581094)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Splash About International Limited 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 comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Intangible fixed assets and amortisation
Trademarks are written off to the profit and loss account over the useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Computer equipment - 50% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Splash About International Limited (Registered number: 05581094)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Trademarks
£   
COST
At 1 January 2023 437,280
Additions 129,438
At 31 December 2023 566,718
AMORTISATION
At 1 January 2023 119,776
Amortisation for year 49,710
At 31 December 2023 169,486
NET BOOK VALUE
At 31 December 2023 397,232
At 31 December 2022 317,504

5. TANGIBLE FIXED ASSETS
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 271,636 60,060 333,188 664,884
Additions 46,418 14,772 54,121 115,311
At 31 December 2023 318,054 74,832 387,309 780,195
DEPRECIATION
At 1 January 2023 206,233 18,171 186,210 410,614
Charge for year 42,558 18,719 82,736 144,013
At 31 December 2023 248,791 36,890 268,946 554,627
NET BOOK VALUE
At 31 December 2023 69,263 37,942 118,363 225,568
At 31 December 2022 65,403 41,889 146,978 254,270

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 428,881 497,499
Other debtors 14,550 9,401
Amounts owed by related companies 1,347,248 1,388,650
Tax 32,301 -
VAT 22,093 13,282
Prepayments 703,281 682,169
2,548,354 2,591,001

Splash About International Limited (Registered number: 05581094)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 52,084
Trade creditors 1,152,199 865,989
Tax 387,435 250,576
Social security and other taxes 84,165 51,229
Other creditors 5,776 6,306
Accruals and deferred income 169,568 223,769
1,799,143 1,449,953

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans - 52,084

The bank loans are secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

The bank loans are also secured by an unlimited guarantee between the company, Kiddy Cloud Limited, Swimrite Supplies Limited and Pool Trading Limited.

9. RELATED PARTY DISCLOSURES

The immediate parent company is Kiddy Cloud Limited, a company registered in England and Wales.

At 31st December 2023, £1,347,248 (2022: £1,388,650) was due to the company from Kiddy Cloud Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Kiddycloud Limited.