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Company Registration No. 11483337 (England and Wales)
Straight-Line Swimming Limited Unaudited accounts for the year ended 30 September 2023
Straight-Line Swimming Limited Unaudited accounts Contents
Page
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Straight-Line Swimming Limited Company Information for the year ended 30 September 2023
Directors
Malena Diana Inglis David Robert Carry Keri-Anne Michelle Payne
Company Number
11483337 (England and Wales)
Registered Office
Flat 4 17 Wimbledon Park Road London SW18 1LU United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Straight-Line Swimming Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,543 
3,637 
Tangible assets
931 
717 
3,474 
4,354 
Current assets
Debtors
- 
2,145 
Cash at bank and in hand
415 
15,169 
415 
17,314 
Creditors: amounts falling due within one year
(3,482)
(7,817)
Net current (liabilities)/assets
(3,067)
9,497 
Net assets
407 
13,851 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
307 
13,751 
Shareholders' funds
407 
13,851 
For the year ending 30 September 2023 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 14 November 2024 and were signed on its behalf by
Keri-Anne Michelle Payne Director Company Registration No. 11483337
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Straight-Line Swimming Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Straight-Line Swimming Limited is a private company, limited by shares, registered in England and Wales, registration number 11483337. The registered office is Flat 4, 17 Wimbledon Park Road, London, SW18 1LU, 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.
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.
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.
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:
Computer equipment
3 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. They are amortised over 5 years.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
5,470 
At 30 September 2023
5,470 
Amortisation
At 1 October 2022
1,833 
Charge for the year
1,094 
At 30 September 2023
2,927 
Net book value
At 30 September 2023
2,543 
At 30 September 2022
3,637 
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Straight-Line Swimming Limited Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
232 
1,019 
1,251 
Additions
- 
799 
799 
At 30 September 2023
232 
1,818 
2,050 
Depreciation
At 1 October 2022
19 
515 
534 
Charge for the year
58 
527 
585 
At 30 September 2023
77 
1,042 
1,119 
Net book value
At 30 September 2023
155 
776 
931 
At 30 September 2022
213 
504 
717 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
630 
Amounts due from group undertakings etc.
- 
1,515 
- 
2,145 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(207)
1,346 
Trade creditors
- 
617 
Taxes and social security
244 
(767)
Loans from directors
3,445 
6,309 
Accruals
- 
312 
3,482 
7,817 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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