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REGISTERED NUMBER: 11553727 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

High Dive Apparel Ltd

High Dive Apparel Ltd (Registered number: 11553727)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


High Dive Apparel Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs J L Norton
J F W Norton





REGISTERED OFFICE: Unit C
5 Harrow Road
Hereford
Herefordshire
HR4 0EH





REGISTERED NUMBER: 11553727 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

High Dive Apparel Ltd (Registered number: 11553727)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,587 165,274

CURRENT ASSETS
Stocks 65,000 63,500
Debtors 5 94,834 112,218
Cash at bank 10,055 1,527
169,889 177,245
CREDITORS
Amounts falling due within one year 6 220,154 221,141
NET CURRENT LIABILITIES (50,265 ) (43,896 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,322 121,378

CREDITORS
Amounts falling due after more than one
year

7

143,465

199,311
NET LIABILITIES (68,143 ) (77,933 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (68,243 ) (78,033 )
(68,143 ) (77,933 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

High Dive Apparel Ltd (Registered number: 11553727)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





Mrs J L Norton - Director


High Dive Apparel Ltd (Registered number: 11553727)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

High Dive Apparel Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

High Dive Apparel Ltd (Registered number: 11553727)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 136,301 33,537 77,205 247,043
Additions - 332 - 332
At 30 September 2024 136,301 33,869 77,205 247,375
DEPRECIATION
At 1 October 2023 58,508 6,120 17,141 81,769
Charge for year 19,451 5,552 15,016 40,019
At 30 September 2024 77,959 11,672 32,157 121,788
NET BOOK VALUE
At 30 September 2024 58,342 22,197 45,048 125,587
At 30 September 2023 77,793 27,417 60,064 165,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,693 10,007
Other debtors 70,141 102,211
94,834 112,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 80,774 83,638
Hire purchase contracts 18,163 18,163
Trade creditors 87,744 49,665
Taxation and social security 21,867 12,907
Other creditors 11,606 56,768
220,154 221,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 93,450 134,264
Hire purchase contracts 50,015 65,047
143,465 199,311

High Dive Apparel Ltd (Registered number: 11553727)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mrs J L Norton and J F W Norton
Balance outstanding at start of year 41,546 18,345
Amounts advanced 4,981 29,973
Amounts repaid (16,736 ) (6,772 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,791 41,546