Company Registration No. 08608629 (England and Wales)
The Adventure Service Ltd
Unaudited accounts
for the year ended 31 July 2024
The Adventure Service Ltd
Unaudited accounts
Contents
The Adventure Service Ltd
Company Information
for the year ended 31 July 2024
Directors
Helen Rebecca Harris-Ellis
Terance Alan Harris-Ellis
Company Number
08608629 (England and Wales)
Registered Office
Park Road Resource Centre 53 Park Road
Mansfield Woodhouse
Mansfield
NG19 8EG
Accountants
Integritax Accountants Ltd
68 Yardley Road
Acocks Green
Birmingham
B27 6LG
The Adventure Service Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
42,445
66,908
Cash at bank and in hand
44,303
42,412
Creditors: amounts falling due within one year
(71,507)
(68,609)
Net current assets
32,775
6,036
Total assets less current liabilities
75,220
72,944
Creditors: amounts falling due after more than one year
(15,105)
(24,557)
Called up share capital
100
100
Profit and loss account
60,015
48,287
Shareholders' funds
60,115
48,387
For the year ending 31 July 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 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 22 October 2024 and were signed on its behalf by
Helen Rebecca Harris-Ellis
Director
Company Registration No. 08608629
The Adventure Service Ltd
Notes to the Accounts
for the year ended 31 July 2024
The Adventure Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 08608629. The registered office is Park Road Resource Centre 53 Park Road, Mansfield Woodhouse, Mansfield, NG19 8EG.
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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:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The Adventure Service Ltd
Notes to the Accounts
for the year ended 31 July 2024
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
92,278
79,369
171,647
At 31 July 2024
92,278
82,771
175,049
At 1 August 2023
40,497
64,242
104,739
Charge for the year
21,331
6,534
27,865
At 31 July 2024
61,828
70,776
132,604
At 31 July 2024
30,450
11,995
42,445
At 31 July 2023
51,781
15,127
66,908
Amounts falling due within one year
Trade debtors
59,979
32,233
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
9,446
9,446
Trade creditors
10,057
16,348
Taxes and social security
36,854
29,141
Deferred income
12,270
11,010
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,105
24,557
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Average number of employees
During the year the average number of employees was 33 (2023: 31).