Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09014620 Mr CERI DAVIES iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09014620 2023-04-30 09014620 2024-04-30 09014620 2023-05-01 2024-04-30 09014620 frs-core:CurrentFinancialInstruments 2024-04-30 09014620 frs-core:Non-currentFinancialInstruments 2024-04-30 09014620 frs-core:MoreThanFiveYears 2024-04-30 09014620 frs-core:MotorVehicles 2024-04-30 09014620 frs-core:MotorVehicles 2023-05-01 2024-04-30 09014620 frs-core:MotorVehicles 2023-04-30 09014620 frs-core:PlantMachinery 2024-04-30 09014620 frs-core:PlantMachinery 2023-05-01 2024-04-30 09014620 frs-core:PlantMachinery 2023-04-30 09014620 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09014620 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09014620 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09014620 frs-bus:SmallEntities 2023-05-01 2024-04-30 09014620 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09014620 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09014620 frs-bus:Director1 2023-05-01 2024-04-30 09014620 frs-countries:EnglandWales 2023-05-01 2024-04-30 09014620 2022-04-30 09014620 2023-04-30 09014620 2022-05-01 2023-04-30 09014620 frs-core:CurrentFinancialInstruments 2023-04-30 09014620 frs-core:Non-currentFinancialInstruments 2023-04-30 09014620 frs-core:MoreThanFiveYears 2023-04-30 09014620 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09014620
Swansea Watersports Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
SIMPLE SOLUTIONS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09014620
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 110,217 69,342
110,217 69,342
CURRENT ASSETS
Debtors 5 7,126 -
Cash at bank and in hand 39,605 62,503
46,731 62,503
Creditors: Amounts Falling Due Within One Year 6 (120,246 ) (77,763 )
NET CURRENT ASSETS (LIABILITIES) (73,515 ) (15,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,702 54,082
Creditors: Amounts Falling Due After More Than One Year 7 (15,812 ) (18,602 )
NET ASSETS 20,890 35,480
Profit and Loss Account 20,890 35,480
SHAREHOLDERS' FUNDS 20,890 35,480
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr CERI DAVIES
Director
31/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Swansea Watersports Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09014620 . The registered office is Suite 1 J, The post house, Adelaide street, Swansea, SA1 1SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 18
Motor Vehicles 18
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 116,193 32,000 148,193
Additions 43,375 - 43,375
Disposals (2,500 ) - (2,500 )
As at 30 April 2024 157,068 32,000 189,068
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2023 58,715 20,136 78,851
As at 30 April 2024 58,715 20,136 78,851
Net Book Value
As at 30 April 2024 98,353 11,864 110,217
As at 1 May 2023 57,478 11,864 69,342
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,126 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,285
Paye 241 -
VAT 2,127 -
Director's loan account 117,878 76,478
120,246 77,763
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,654 -
Bank loans - 18,602
Corporation tax 1,158 -
15,812 18,602
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than five years 14,654 -
9. Share Capital
Page 4