Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falseNo description of principal activityfalse2023-09-01true3334falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01910051 2023-09-01 2024-08-31 01910051 2022-09-01 2023-08-31 01910051 2024-08-31 01910051 2023-08-31 01910051 c:Director1 2023-09-01 2024-08-31 01910051 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 01910051 d:Buildings d:LongLeaseholdAssets 2024-08-31 01910051 d:Buildings d:LongLeaseholdAssets 2023-08-31 01910051 d:MotorVehicles 2023-09-01 2024-08-31 01910051 d:MotorVehicles 2024-08-31 01910051 d:MotorVehicles 2023-08-31 01910051 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01910051 d:FurnitureFittings 2023-09-01 2024-08-31 01910051 d:OfficeEquipment 2023-09-01 2024-08-31 01910051 d:OfficeEquipment 2024-08-31 01910051 d:OfficeEquipment 2023-08-31 01910051 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01910051 d:ComputerEquipment 2023-09-01 2024-08-31 01910051 d:ComputerEquipment 2024-08-31 01910051 d:ComputerEquipment 2023-08-31 01910051 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01910051 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 01910051 d:OtherPropertyPlantEquipment 2024-08-31 01910051 d:OtherPropertyPlantEquipment 2023-08-31 01910051 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01910051 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01910051 d:Goodwill 2024-08-31 01910051 d:Goodwill 2023-08-31 01910051 d:ComputerSoftware 2024-08-31 01910051 d:ComputerSoftware 2023-08-31 01910051 d:CurrentFinancialInstruments 2024-08-31 01910051 d:CurrentFinancialInstruments 2023-08-31 01910051 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01910051 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01910051 d:ShareCapital 2024-08-31 01910051 d:ShareCapital 2023-08-31 01910051 d:OtherMiscellaneousReserve 2024-08-31 01910051 d:OtherMiscellaneousReserve 2023-08-31 01910051 d:RetainedEarningsAccumulatedLosses 2024-08-31 01910051 d:RetainedEarningsAccumulatedLosses 2023-08-31 01910051 c:FRS102 2023-09-01 2024-08-31 01910051 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01910051 c:FullAccounts 2023-09-01 2024-08-31 01910051 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01910051 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 01910051 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 01910051 d:RetirementBenefitObligationsDeferredTax 2024-08-31 01910051 d:RetirementBenefitObligationsDeferredTax 2023-08-31 01910051 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 01910051










THE SUFFOLK SKI CENTRE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
THE SUFFOLK SKI CENTRE LIMITED
REGISTERED NUMBER: 01910051

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
75,094
83,360

  
75,094
83,360

Current assets
  

Stocks
  
75,913
74,901

Debtors: amounts falling due within one year
 6 
21,026
20,599

Cash at bank and in hand
  
286,685
277,227

  
383,624
372,727

Creditors: amounts falling due within one year
 7 
(28,712)
(30,045)

Net current assets
  
 
 
354,912
 
 
342,682

Total assets less current liabilities
  
430,006
426,042

Provisions for liabilities
  

Deferred tax
  
(7,962)
-

  
 
 
(7,962)
 
 
-

Net assets
  
422,044
426,042


Capital and reserves
  

Called up share capital 
  
15,500
15,500

Other reserves
  
21,251
21,251

Profit and loss account
  
385,293
389,291

  
422,044
426,042


Page 1

 
THE SUFFOLK SKI CENTRE LIMITED
REGISTERED NUMBER: 01910051
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P S Trinder
Director

Date: 4 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Suffolk Ski Centre Limited is a private company limited by shares and incorporated in England and Wales, registration number 01910051. The registered office is 1 Claydon Business Park, Great Blakenham, Ipswich, Suffolk, IP6 0NL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
5
years

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Straight line
Ski matting
-
25%
Straight line
Toboggans
-
50%
Straight line
Office and Ski equipment
-
15%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2023 - 34).

Page 7

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 September 2023
5,678
20,000
25,678



At 31 August 2024

5,678
20,000
25,678



Amortisation


At 1 September 2023
5,678
20,000
25,678



At 31 August 2024

5,678
20,000
25,678



Net book value



At 31 August 2024
-
-
-



At 31 August 2023
-
-
-



Page 8

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





L/Term Leasehold Property
Motor vehicles
Office and Ski equipment
Electric Bike
Ski Lodge
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2023
145,684
12,260
263,130
2,792
69,343
493,209


Additions
-
-
20,942
-
-
20,942



At 31 August 2024

145,684
12,260
284,072
2,792
69,343
514,151



Depreciation


At 1 September 2023
140,456
9,052
199,039
2,094
59,208
409,849


Charge for the year on owned assets
4,161
875
21,012
698
2,462
29,208



At 31 August 2024

144,617
9,927
220,051
2,792
61,670
439,057



Net book value



At 31 August 2024
1,067
2,333
64,021
-
7,673
75,094



At 31 August 2023
5,228
3,208
64,091
698
10,135
83,360


6.


Debtors: Amounts falling due within one year

2024
2023
£
£


Prepayments and accrued income
21,026
20,599

21,026
20,599


Page 9

 
THE SUFFOLK SKI CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,662
2,661

Other taxation and social security
20,365
22,076

Other creditors
1,685
1,658

Accruals and deferred income
4,000
3,650

28,712
30,045



8.


Deferred taxation




2024


£






Charged to profit or loss
(7,962)



At end of year
(7,962)

The deferred tax liability is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,015)
-

Pension surplus
53
-

(7,962)
-


9.


Pension commitments

The company operates a defined contribution pension scheme. The assets of a scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £26,004 (2023 - £25,898)

 
Page 10