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Registered number: 01203721

Norwood Aquarium Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
Scrooged Ltd
168 Three Bridges Road
Crawley
West Sussexx
RH10 1LE

Norwood Aquarium Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Mr K Street
Mrs M Street
REGISTERED OFFICE
The Green
Warlimgham
Surrey
CR6 9HA
COMPANY DETAILS
registered in , registered number 01203721
ACCOUNTANTS
Scrooged Ltd
168 Three Bridges Road
Crawley
West Sussexx
RH10 1LE

Norwood Aquarium Limited

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Norwood Aquarium Limited

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2601,284633,043
CURRENT ASSETS
Stock829,380840,000
Debtors4518,834479,411
Cash at bank and in hand442,765598,755
1,790,9791,918,166
CREDITORS: Amounts falling due within one year5282,221425,279
NET CURRENT ASSETS1,508,7581,492,887
TOTAL ASSETS LESS CURRENT LIABILITIES2,110,0422,125,930
PROVISIONS FOR LIABILITIES AND CHARGES79,0232,708
NET ASSETS2,101,0192,123,222
CAPITAL AND RESERVES
Called up share capital81,4941,494
Profit and loss account2,099,5252,121,728
SHAREHOLDERS' FUNDS2,101,0192,123,222
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/04/2025 and signed on their behalf by
.............................
Mr K Street
Director

Norwood Aquarium Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

Norwood Aquarium Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/11/2023785,745427,197176,27267,3651,456,579
Additions-77165,945-66,716
Disposals--(46,649)-(46,649)
At 31/10/2024785,745427,968195,56867,3651,476,646
Depreciation
At 01/11/2023345,727329,96083,47264,377823,536
Disposals--7,481-7,481
For the year15,71528,182-44844,345
At 31/10/2024361,442358,14290,95364,825875,362
Net Book Amounts
At 31/10/2024424,30369,826104,6152,540601,284
At 31/10/2023440,01897,23792,8002,988633,043
3. STOCK 20242023
££
Stock comprises:
Stock of Finished goods and goods for resale829,380840,000
829,380840,000
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors389,359370,180
NIC control-2
Other debtors56,05028,400
Prepayments73,42580,829
518,834479,411

Norwood Aquarium Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax256159
VAT65,49373,189
Salaries and wages control14,84913,019
Directors current account121,081122,971
Credit card1,001823
Trade creditors71,782206,373
Accruals7,7598,745
282,221425,279
6. EMPLOYEES
20242023
No.No.
Average number of employees2222
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation9,0232,708
9,0232,708
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
996 Class A shares of £1 each996996
498 Class B shares of £1 each498498
1,4941,494

Norwood Aquarium Limited

9. CONTROLLING PARTY
The Company is ultimately owned by the directors, K Street and M Street, who control 100% of the share capital.
10. RELATED PARTY TRANSACTIONS
Included within the figure for other creditors falling due within one year are amounts owed to the director:
Mr K Street £121,081 (2023 - £122,971)