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REGISTERED NUMBER: 08029534 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SWIMQUEST LIMITED

SWIMQUEST LIMITED (REGISTERED NUMBER: 08029534)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIMQUEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: J Coningham-Rolls
Ms A E Todd





REGISTERED OFFICE: 6 The Gateways
Sprimont Place
London
SW3 3JA





REGISTERED NUMBER: 08029534 (England and Wales)






SWIMQUEST LIMITED (REGISTERED NUMBER: 08029534)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 12,000 -

CURRENT ASSETS
Stocks 925 975
Debtors 5 486,046 358,597
Cash at bank 343,920 250,247
830,891 609,819
CREDITORS
Amounts falling due within one year 6 (781,054 ) (580,057 )
NET CURRENT ASSETS 49,837 29,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,837

29,762

CAPITAL AND RESERVES
Called up share capital 7 10,001 10,001
Retained earnings 8 51,836 19,761
SHAREHOLDERS' FUNDS 61,837 29,762

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

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

SWIMQUEST LIMITED (REGISTERED NUMBER: 08029534)

BALANCE SHEET - continued
31ST 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 2nd December 2024 and were signed on its behalf by:




J Coningham-Rolls - Director



Ms A E Todd - Director


SWIMQUEST LIMITED (REGISTERED NUMBER: 08029534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Swimquest 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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.

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 4 (2023 - 3 ) .

SWIMQUEST LIMITED (REGISTERED NUMBER: 08029534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 15,000
At 31st March 2024 15,000
AMORTISATION
Charge for year 3,000
At 31st March 2024 3,000
NET BOOK VALUE
At 31st March 2024 12,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 302,069 193,659
Other debtors and prepayments 183,977 164,938
486,046 358,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,544
Tax 7,524 3,386
Social security and other taxes (869 ) (922 )
Other creditors and accruals 25,078 8,711
Directors' current accounts 50,535 50,120
Deferred income 698,786 517,218
781,054 580,057

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,001 Ordinary £1 10,001 10,001

SWIMQUEST LIMITED (REGISTERED NUMBER: 08029534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. RESERVES
Retained
earnings
£   

At 1st April 2023 19,761
Profit for the year 32,075
At 31st March 2024 51,836

9. RELATED PARTY DISCLOSURES

At year end the company owed J Coningham-Rolls £48,677 (2023 £48,739) and A Todd £1,868 (2023 £1,381).