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REGISTERED NUMBER: 10977341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

INDIVIDUALITY SWIMMING LIMITED

INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDIVIDUALITY SWIMMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs K Maguire
G Maguire





SECRETARY: BH21 Ltd





REGISTERED OFFICE: Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH





REGISTERED NUMBER: 10977341 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH

INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,375 24,300
Tangible assets 5 278,621 247,870
Investments 6 12,343 12,343
309,339 284,513

CURRENT ASSETS
Stocks 1,800 2,000
Debtors 7 188,949 100,580
Cash at bank 18 49,891
190,767 152,471
CREDITORS
Amounts falling due within one year 8 176,383 158,279
NET CURRENT ASSETS/(LIABILITIES) 14,384 (5,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,723

278,705

CREDITORS
Amounts falling due after more than one
year

9

348,332

278,854
NET LIABILITIES (24,609 ) (149 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,709 ) (249 )
(24,609 ) (149 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)

BALANCE SHEET - continued
30 SEPTEMBER 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 13 March 2025 and were signed on its behalf by:




G Maguire - Director



Mrs K Maguire - Director


INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Individuality Swimming 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 60 (2023 - 60 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 59,250
AMORTISATION
At 1 October 2023 34,950
Charge for year 5,925
At 30 September 2024 40,875
NET BOOK VALUE
At 30 September 2024 18,375
At 30 September 2023 24,300

INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 375,761
Additions 117,138
Disposals (65,506 )
At 30 September 2024 427,393
DEPRECIATION
At 1 October 2023 127,891
Charge for year 57,130
Eliminated on disposal (36,249 )
At 30 September 2024 148,772
NET BOOK VALUE
At 30 September 2024 278,621
At 30 September 2023 247,870

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 12,343
NET BOOK VALUE
At 30 September 2024 12,343
At 30 September 2023 12,343

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 175,099 95,005

Amounts falling due after more than one year:
Other debtors 13,850 5,575

Aggregate amounts 188,949 100,580

INDIVIDUALITY SWIMMING LIMITED (REGISTERED NUMBER: 10977341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,597 30,721
Trade creditors 56,361 61,768
Taxation and social security 77,588 56,482
Other creditors 6,837 9,308
176,383 158,279

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 234,401 278,854
Hire purchase contracts 113,931 -
348,332 278,854