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REGISTERED NUMBER: 06584948 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vobster Diving Limited

Vobster Diving Limited (Registered number: 06584948)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vobster Diving Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A A Stanton
Mr M G Stanton





SECRETARY: Mrs A A Stanton





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 06584948 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Vobster Diving Limited (Registered number: 06584948)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,761 43,840
36,761 43,840

CURRENT ASSETS
Stocks 40,723 17,251
Debtors 6 554,856 435,097
Cash at bank 81,676 43,144
677,255 495,492
CREDITORS
Amounts falling due within one year 7 207,545 159,262
NET CURRENT ASSETS 469,710 336,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,471

380,070

CREDITORS
Amounts falling due after more than one
year

8

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES (12,446 ) (12,446 )
NET ASSETS 472,358 335,957

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 472,258 335,857
SHAREHOLDERS' FUNDS 472,358 335,957

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

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

Vobster Diving Limited (Registered number: 06584948)

Balance Sheet - continued
31 March 2024


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 8 November 2024 and were signed on its behalf by:




Mr M G Stanton - Director



Mrs A A Stanton - Director


Vobster Diving Limited (Registered number: 06584948)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Vobster Diving Limited (Registered number: 06584948)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 281,104
AMORTISATION
At 1 April 2023
and 31 March 2024 281,104
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 65,098 119,256 40,223
Additions 5,508 2,048 1,731
At 31 March 2024 70,606 121,304 41,954
DEPRECIATION
At 1 April 2023 42,615 106,663 34,315
Charge for year 13,151 3,661 1,528
At 31 March 2024 55,766 110,324 35,843
NET BOOK VALUE
At 31 March 2024 14,840 10,980 6,111
At 31 March 2023 22,483 12,593 5,908

Vobster Diving Limited (Registered number: 06584948)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 10,979 13,590 249,146
Additions - 4,303 13,590
At 31 March 2024 10,979 17,893 262,736
DEPRECIATION
At 1 April 2023 10,290 11,423 205,306
Charge for year 172 2,157 20,669
At 31 March 2024 10,462 13,580 225,975
NET BOOK VALUE
At 31 March 2024 517 4,313 36,761
At 31 March 2023 689 2,167 43,840

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,794 2,913
Amounts owed by group undertakings 2,124 216
Other debtors 546,938 431,968
554,856 435,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,876 66,995
Trade creditors 6,535 6,301
Amounts owed to group undertakings 19,269 19,269
Taxation and social security 78,650 62,772
Other creditors 49,215 3,925
207,545 159,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,667 31,667

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the director's throughout the period, as stated in the director's report.

Interest is charged on the overdrawn directors' balances at the official rate of 2.25%.