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
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
Straight-Line Swimming Limited
Statement of financial position
as at 30 September 2023
Intangible assets
2,543
3,637
Cash at bank and in hand
415
15,169
Creditors: amounts falling due within one year
(3,482)
(7,817)
Net current (liabilities)/assets
(3,067)
9,497
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
Straight-Line Swimming Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. They are amortised over 5 years.
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Intangible fixed assets
Other
At 30 September 2023
5,470
At 30 September 2023
2,927
At 30 September 2023
2,543
At 30 September 2022
3,637
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
At 30 September 2023
232
1,818
2,050
At 1 October 2022
19
515
534
Charge for the year
58
527
585
At 30 September 2023
77
1,042
1,119
At 30 September 2023
155
776
931
At 30 September 2022
213
504
717
Amounts falling due within one year
Amounts due from group undertakings etc.
-
1,515
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
244
(767)
Loans from directors
3,445
6,309
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).