Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09473142 Miss Sarah Kemsley Mr Benjamin Stokes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09473142 2023-03-31 09473142 2024-03-31 09473142 2023-04-01 2024-03-31 09473142 frs-core:CurrentFinancialInstruments 2024-03-31 09473142 frs-core:ComputerEquipment 2024-03-31 09473142 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09473142 frs-core:ComputerEquipment 2023-03-31 09473142 frs-core:NetGoodwill 2024-03-31 09473142 frs-core:NetGoodwill 2023-04-01 2024-03-31 09473142 frs-core:NetGoodwill 2023-03-31 09473142 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09473142 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09473142 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 09473142 frs-core:PlantMachinery 2024-03-31 09473142 frs-core:PlantMachinery 2023-04-01 2024-03-31 09473142 frs-core:PlantMachinery 2023-03-31 09473142 frs-core:ShareCapital 2024-03-31 09473142 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09473142 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09473142 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09473142 frs-bus:SmallEntities 2023-04-01 2024-03-31 09473142 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09473142 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09473142 frs-bus:Director1 2023-04-01 2024-03-31 09473142 frs-bus:Director2 2023-04-01 2024-03-31 09473142 frs-countries:EnglandWales 2023-04-01 2024-03-31 09473142 2022-03-31 09473142 2023-03-31 09473142 2022-04-01 2023-03-31 09473142 frs-core:CurrentFinancialInstruments 2023-03-31 09473142 frs-core:ShareCapital 2023-03-31 09473142 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09473142
Dive Safari Asia Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09473142
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 4,000
Tangible Assets 5 21,669 20,847
23,669 24,847
CURRENT ASSETS
Stocks 6 4,985 4,985
Debtors 7 1,239,677 836,024
Cash at bank and in hand 438,154 503,493
1,682,816 1,344,502
Creditors: Amounts Falling Due Within One Year 8 (1,315,266 ) (857,516 )
NET CURRENT ASSETS (LIABILITIES) 367,550 486,986
TOTAL ASSETS LESS CURRENT LIABILITIES 391,219 511,833
NET ASSETS 391,219 511,833
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 391,119 511,733
SHAREHOLDERS' FUNDS 391,219 511,833
Page 1
Page 2
For the year ending 31 March 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Sarah Kemsley
Director
Mr Benjamin Stokes
Director
23 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dive Safari Asia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09473142 . The registered office is C/O MWR Accountants, First Floor Blackdown House, Blackbrook Business Park, Taunton, Somerset, TA1 2PX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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Page 4
2.7. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Amortisation
As at 1 April 2023 16,000
Provided during the period 2,000
As at 31 March 2024 18,000
Net Book Value
As at 31 March 2024 2,000
As at 1 April 2023 4,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 16,103 5,855 9,721 31,679
Additions - - 2,868 2,868
As at 31 March 2024 16,103 5,855 12,589 34,547
Depreciation
As at 1 April 2023 - 4,132 6,700 10,832
Provided during the period - 574 1,472 2,046
As at 31 March 2024 - 4,706 8,172 12,878
Net Book Value
As at 31 March 2024 16,103 1,149 4,417 21,669
As at 1 April 2023 16,103 1,723 3,021 20,847
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 4,985 4,985
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,239,677 836,024
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,246,373 699,496
Taxation and social security 68,893 158,020
1,315,266 857,516
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5