Company Registration No. 15076686 (England and Wales)
SOLE BAY DIVING & MARINE LTD
Unaudited accounts
for the period from 16 August 2023 to 31 August 2024
SOLE BAY DIVING & MARINE LTD
Unaudited accounts
Contents
SOLE BAY DIVING & MARINE LTD
Company Information
for the period from 16 August 2023 to 31 August 2024
Company Number
15076686 (England and Wales)
Registered Office
3 MILL LANE
CORTON
LOWESTOFT
SUFFOLK
NR32 5HZ
UNITED KINGDOM
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
SOLE BAY DIVING & MARINE LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
542
Creditors: amounts falling due within one year
(40,071)
Net current liabilities
(26,227)
Profit and loss account
25,768
Shareholders' funds
25,769
For the period ending 31 August 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 director acknowledges his 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 and authorised for issue on 16 October 2024 and were signed on its behalf by
Michael Pacey
Director
Company Registration No. 15076686
SOLE BAY DIVING & MARINE LTD
Notes to the Accounts
for the period from 16 August 2023 to 31 August 2024
SOLE BAY DIVING & MARINE LTD is a private company, limited by shares, registered in England and Wales, registration number 15076686. The registered office is 3 MILL LANE, CORTON, LOWESTOFT, SUFFOLK, NR32 5HZ, UNITED KINGDOM.
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 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
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
47,995
17,000
64,995
At 31 August 2024
47,995
17,000
64,995
Charge for the period
9,599
3,400
12,999
At 31 August 2024
9,599
3,400
12,999
At 31 August 2024
38,396
13,600
51,996
Amounts falling due within one year
SOLE BAY DIVING & MARINE LTD
Notes to the Accounts
for the period from 16 August 2023 to 31 August 2024
6
Creditors: amounts falling due within one year
2024
Loans from directors
39,426
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the period the average number of employees was 1.