Registered number
13420319
Dive Confident Limited
Unaudited Filleted Accounts
31 May 2024
Dive Confident Limited
Registered number: 13420319
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,812 1,603
Current assets
Debtors 4 3,780 4,368
Cash at bank and in hand 34,191 31,436
37,971 35,804
Creditors: amounts falling due within one year 5 (63,166) (30,041)
Net current (liabilities)/assets (25,195) 5,763
Net assets 1,617 7,366
Capital and reserves
Called up share capital 5 5
Profit and loss account 1,612 7,361
Shareholders' funds 1,617 7,366
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emma Brian
Director
Approved by the board on 6 December 2024
Dive Confident Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% per annum
Fixtures, fittings and equipment 20% per annum
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 June 2023 2,627 - 2,627
Additions - 31,975 31,975
At 31 May 2024 2,627 31,975 34,602
Depreciation
At 1 June 2023 1,024 - 1,024
Charge for the year 371 6,395 6,766
At 31 May 2024 1,395 6,395 7,790
Net book value
At 31 May 2024 1,232 25,580 26,812
At 31 May 2023 1,603 - 1,603
4 Debtors 2024 2023
£ £
Trade debtors 3,780 4,368
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,176 -
Taxation and social security costs 2,576 10,314
Other creditors 59,414 19,727
63,166 30,041
6 Other information
Dive Confident Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Coach House
Headgate
Colchester
Essex
CO3 3BT
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