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REGISTERED NUMBER: 12957108 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 July 2024

for

H20SKI LTD

H20SKI LTD (REGISTERED NUMBER: 12957108)






Contents of the Financial Statements
for the year ended 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H20SKI LTD

Company Information
for the year ended 31 JULY 2024







DIRECTORS: W J Wilkinson
H L Wilkinson





REGISTERED OFFICE: 7 Poplars Farm Close
Hannington
Northamptonshire
NN6 9GL





REGISTERED NUMBER: 12957108 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

H20SKI LTD (REGISTERED NUMBER: 12957108)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,604 -

CURRENT ASSETS
Debtors 5 29,932 1,459
Cash at bank 663 -
30,595 1,459
CREDITORS
Amounts falling due within one year 6 12,409 7,593
NET CURRENT ASSETS/(LIABILITIES) 18,186 (6,134 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,790 (6,134 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 19,788 (6,136 )
SHAREHOLDERS' FUNDS 19,790 (6,134 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




W J Wilkinson - Director


H20SKI LTD (REGISTERED NUMBER: 12957108)

Notes to the Financial Statements
for the year ended 31 JULY 2024

1. STATUTORY INFORMATION

H20SKI 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,138
At 31 July 2024 2,138
DEPRECIATION
Charge for year 534
At 31 July 2024 534
NET BOOK VALUE
At 31 July 2024 1,604

H20SKI LTD (REGISTERED NUMBER: 12957108)

Notes to the Financial Statements - continued
for the year ended 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 29,932 -
Tax - 1,459
29,932 1,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 10,189 -
Directors' current accounts - 6,693
Accrued expenses 2,220 900
12,409 7,593

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
W J Wilkinson and H L Wilkinson
Balance outstanding at start of year (6,693 ) 5,759
Amounts advanced 63,626 9,622
Amounts repaid (27,001 ) (22,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,932 (6,693 )

9. GOING CONCERN

At the balance sheet date the company has an overdrawn directors loan account of £29,932. The company relies on the continued support of the directors and therefore the directors are happy for the accounts to be prepared on the Going Concern basis, including a cash injection from the directors on 16th September 2024 to repay this loan in full.