Registered number
08396758
Love Baby Swim School Ltd
Filleted Accounts
31 March 2025
Love Baby Swim School Ltd
Registered number: 08396758
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,166 1,699
Current assets
Debtors 4 - 19,138
Cash at bank and in hand 12,342 26,340
12,342 45,478
Creditors: amounts falling due within one year 5 20,627 (19,517)
Net current assets 32,969 25,961
Total assets less current liabilities 35,135 27,660
Creditors: amounts falling due after more than one year 6 (530) (3,461)
Net assets 34,605 24,199
Capital and reserves
Called up share capital 1 1
Profit and loss account 34,604 24,198
Shareholder's funds 34,605 24,199
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 member has 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.
R Love
Director
Approved by the board on 28 April 2025
Love Baby Swim School Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery reducing balance
Fixtures, fittings, tools and equipment reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 6,396
Additions 1,190
At 31 March 2025 7,586
Depreciation
At 1 April 2024 4,697
Charge for the year 723
At 31 March 2025 5,420
Net book value
At 31 March 2025 2,166
At 31 March 2024 1,699
4 Debtors 2025 2024
£ £
Trade debtors - 19,138
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 3,461 3,808
Taxation and social security costs 7,514 12,284
Other creditors (31,602) 3,425
(20,627) 19,517
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 530 3,461
7 Other information
Love Baby Swim School Ltd is a private company limited by shares and incorporated in England. Its registered office is:
46 Church Marks Lane
East Hoathly
East Sussex
BN8 6EQ
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