Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13940466 Mr James Medlam Mrs Lynsey Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13940466 2023-10-31 13940466 2024-10-31 13940466 2023-11-01 2024-10-31 13940466 frs-core:CurrentFinancialInstruments 2024-10-31 13940466 frs-core:Non-currentFinancialInstruments 2024-10-31 13940466 frs-core:BetweenOneFiveYears 2024-10-31 13940466 frs-core:ComputerEquipment 2024-10-31 13940466 frs-core:ComputerEquipment 2023-11-01 2024-10-31 13940466 frs-core:ComputerEquipment 2023-10-31 13940466 frs-core:FurnitureFittings 2024-10-31 13940466 frs-core:FurnitureFittings 2023-11-01 2024-10-31 13940466 frs-core:FurnitureFittings 2023-10-31 13940466 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13940466 frs-core:MotorVehicles 2024-10-31 13940466 frs-core:MotorVehicles 2023-11-01 2024-10-31 13940466 frs-core:MotorVehicles 2023-10-31 13940466 frs-core:PlantMachinery 2024-10-31 13940466 frs-core:PlantMachinery 2023-11-01 2024-10-31 13940466 frs-core:PlantMachinery 2023-10-31 13940466 frs-core:WithinOneYear 2024-10-31 13940466 frs-core:ShareCapital 2024-10-31 13940466 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13940466 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13940466 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13940466 frs-bus:SmallEntities 2023-11-01 2024-10-31 13940466 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13940466 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13940466 frs-bus:Director1 2023-11-01 2024-10-31 13940466 frs-bus:Director2 2023-11-01 2024-10-31 13940466 frs-core:CurrentFinancialInstruments 3 2024-10-31 13940466 frs-countries:EnglandWales 2023-11-01 2024-10-31 13940466 2022-10-31 13940466 2023-10-31 13940466 2022-11-01 2023-10-31 13940466 frs-core:CurrentFinancialInstruments 2023-10-31 13940466 frs-core:Non-currentFinancialInstruments 2023-10-31 13940466 frs-core:BetweenOneFiveYears 2023-10-31 13940466 frs-core:MoreThanFiveYears 2023-10-31 13940466 frs-core:WithinOneYear 2023-10-31 13940466 frs-core:ShareCapital 2023-10-31 13940466 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13940466 frs-core:CurrentFinancialInstruments 3 2023-10-31
Registered number: 13940466
Sprint Swim Academy Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13940466
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 507,258 404,098
507,258 404,098
CURRENT ASSETS
Stocks 3,825 -
Debtors 5 13,309 83,306
Cash at bank and in hand 5,795 20,792
22,929 104,098
Creditors: Amounts Falling Due Within One Year 6 (13,211 ) (97,805 )
NET CURRENT ASSETS (LIABILITIES) 9,718 6,293
TOTAL ASSETS LESS CURRENT LIABILITIES 516,976 410,391
Creditors: Amounts Falling Due After More Than One Year 7 (793,388 ) (542,884 )
NET LIABILITIES (276,412 ) (132,493 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (276,414 ) (132,495 )
SHAREHOLDERS' FUNDS (276,412) (132,493)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lynsey Rose
Director
26/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sprint Swim Academy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13940466 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The future of the company is dependent on the support of an associated company in the form of a long term loan. The assoiciated company has agreed not to request repayment of the loan unless the company has the appropriate funds to do so. Accordingly the directors believe that the going concern basis remains appropriate.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment 25% reducing balance
Swimming Pool Straight line over 25 years
Equipment Fixtures and Fittings 25% reducing balance method
Structural Improvements Straight line over 10 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 3)
14 3
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4. Tangible Assets
Swimming Pool Office equipment Equipment Fixtures and Fittings Structural Improvements Total
£ £ £ £ £
Cost
As at 1 November 2023 158,320 - 179,142 130,838 468,300
Additions - 1,372 12,913 161,455 175,740
As at 31 October 2024 158,320 1,372 192,055 292,293 644,040
Depreciation
As at 1 November 2023 6,333 - 44,785 13,084 64,202
Provided during the period 6,333 343 37,181 28,723 72,580
As at 31 October 2024 12,666 343 81,966 41,807 136,782
Net Book Value
As at 31 October 2024 145,654 1,029 110,089 250,486 507,258
As at 1 November 2023 151,987 - 134,357 117,754 404,098
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,309 313
Other debtors 6,000 6,000
VAT - 76,993
13,309 83,306
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,003 7,452
PAYE 1,854 1,035
VAT 8,004 -
Pension creditor 667 264
Accruals and deferred income 1,225 20,398
Directors' loan accounts 458 458
Amounts owed to associates - 68,198
13,211 97,805
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to associates 793,388 542,884
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 36,000 24,000
Later than one year and not later than five years 54,000 72,000
Later than five years - 4,000
90,000 100,000
10. Related Party Transactions
The company is controlled by Mr J Medlam and Mrs L Rose, directors & shareholders of the company.
The balance on the directors' loan account for Mr J Medlam and Mrs L Rose at 31st October 2024 were £229 and £229 
(2023 - 229 and 229) respectively, due from the company.
Page 5