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Registered number: 06904302
Little Turtle Swim Company Limited
Financial Statements
For The Year Ended 31 May 2025
Effective Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06904302
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,256 6,755
5,256 6,755
CURRENT ASSETS
Debtors 5 499 819
Cash at bank and in hand 24,676 13,019
25,175 13,838
Creditors: Amounts Falling Due Within One Year 6 (20,442 ) (16,358 )
NET CURRENT ASSETS (LIABILITIES) 4,733 (2,520 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,989 4,235
Creditors: Amounts Falling Due After More Than One Year 7 - (1,481 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (999 ) (1,284 )
NET ASSETS 8,990 1,470
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 8,988 1,468
SHAREHOLDERS' FUNDS 8,990 1,470
Page 1
Page 2
For the year ending 31 May 2025 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 Zara Peasland
Director
10 July 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
Little Turtle Swim Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06904302 . The registered office is 1 The Willows, Mill Farm Courtyard, Beachampton, Bucks, MK19 6DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in Pounds Sterling as this is the functional currency and currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. 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.
2.3. 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:
Plant & Machinery 10% on Cost
Fixtures & Fittings 25% on Cost
Computer Equipment 25% on Cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 3,922 1,637 5,500 11,059
Additions - - 562 562
Disposals - (519 ) (2,595 ) (3,114 )
As at 31 May 2025 3,922 1,118 3,467 8,507
Depreciation
As at 1 June 2024 294 878 3,132 4,304
Provided during the period 392 333 1,336 2,061
Disposals - (519 ) (2,595 ) (3,114 )
As at 31 May 2025 686 692 1,873 3,251
Net Book Value
As at 31 May 2025 3,236 426 1,594 5,256
As at 1 June 2024 3,628 759 2,368 6,755
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 419 328
Other taxes and social security 80 -
499 328
Due after more than one year
Corporation tax recoverable assets - 491
499 819
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,245 2,965
Bank loans and overdrafts 1,908 3,600
Corporation tax 4,244 1,877
Other taxes and social security - 53
VAT 5,408 4,635
Net wages 1,386 2,987
Other creditors 72 241
Directors' loan accounts 4,179 -
20,442 16,358
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 1,481
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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