Company No: 12588262 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	96,163		95,268
		96,163		95,268
Current assets
Debtors	4	159		0
Cash at bank and in hand		86,896		91,499
		87,055		91,499
Creditors: amounts falling due within one year	5	( 44,433)		( 40,081)
Net current assets		42,622		51,418
Total assets less current liabilities		138,785		146,686
Provision for liabilities		( 24,041)		( 23,817)
Net assets		114,744		122,869
Capital and reserves
Called-up share capital	6	10		10
Profit and loss account		114,734		122,859
Total shareholders' funds		114,744		122,869

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Adventure Skills Online Limited (registered number: 12588262) were approved and authorised for issue by the Board of Directors on 03 September 2025. They were signed on its behalf by:

S C Osborne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Adventure Skills Online Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Llwyn Ysgolaig, Gwyllt Road, Llanfairfechan, LL33 0ED, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered via subscription.

Taxation

Current tax

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Computer equipment	15 % reducing balance
Other property, plant and equipment	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 June 2024	52,932		11,843		56,338		121,113
Additions	3,329		1,893		13,149		18,371
Disposals	( 5,250)		0		0		( 5,250)
At 31 May 2025	51,011		13,736		69,487		134,234
Accumulated depreciation
At 01 June 2024	13,003		2,481		10,361		25,845
Charge for the financial year	6,210		1,504		5,634		13,348
Disposals	( 1,122)		0		0		( 1,122)
At 31 May 2025	18,091		3,985		15,995		38,071
Net book value
At 31 May 2025	32,920		9,751		53,492		96,163
At 31 May 2024	39,929		9,362		45,977		95,268

4. Debtors

	2025		2024
	£		£
Other debtors	159		0

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		6,300
Taxation and social security	37,261		27,701
Other creditors	7,172		6,080
	44,433		40,081

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each	10		10