REGISTERED NUMBER: 05581094 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Splash About International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Beach

J Carr

M Carter

C V Wright

REGISTERED OFFICE:

Unit 2 Kiln Lane Trading Estate

Stallingborough

Grimsby

DN41 8DY

REGISTERED NUMBER:

05581094 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Intangible assets

4

506,316

397,232

Tangible assets

5

146,759

225,568

653,075

622,800

CURRENT ASSETS

Stocks

3,415,581

3,234,266

Debtors

6

3,938,537

2,548,354

Cash at bank

514,594

1,107,028

7,868,712

6,889,648

CREDITORS

Amounts falling due within one year

7

1,835,248

1,799,143

NET CURRENT ASSETS

6,033,464

5,090,505

TOTAL ASSETS LESS CURRENT LIABILITIES

6,686,539

5,713,305

PROVISIONS FOR LIABILITIES

24,493

43,417

NET ASSETS

6,662,046

5,669,888

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,661,946

5,669,788

SHAREHOLDERS' FUNDS

6,662,046

5,669,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 23 September 2025 and were signed on its behalf by:

Mrs L Beach - Director

1.	STATUTORY INFORMATION

Splash About International Limited 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 comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Intangible fixed assets and amortisation

Trademarks are written off to the profit and loss account over the useful economic life of 10 years.

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 etc

-

50% on cost and 33% on cost

Stocks

Stocks 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

566,718

Additions

173,522

At 31 December 2024

740,240

AMORTISATION

At 1 January 2024

169,486

Charge for year

64,438

At 31 December 2024

233,924

NET BOOK VALUE

At 31 December 2024

506,316

At 31 December 2023

397,232

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

780,195

Additions

58,954

At 31 December 2024

839,149

DEPRECIATION

At 1 January 2024

554,627

Charge for year

137,763

At 31 December 2024

692,390

NET BOOK VALUE

At 31 December 2024

146,759

At 31 December 2023

225,568

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

389,520

428,881

Other debtors

3,549,017

2,119,473

3,938,537

2,548,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,292,716

1,152,199

Taxation and social security

270,274

471,600

Other creditors

272,258

175,344

1,835,248

1,799,143

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

9.	RELATED PARTY DISCLOSURES

The immediate parent company is Kiddy Cloud Limited, a company registered in England and Wales.

At 31st December 2024, £2,107,537 (2023: £1,347,248) was due to the company from Kiddy Cloud Limited.

At 31 December 2024 the company was owed £169,640 (2023: £Nil) by Bambino Mio Limited, a company under common control.

At 31 December 2024 the company was owed £323,251 (2023: £Nil) by Splash About Australia Pty Ltd, a company under common control.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Kiddycloud Limited.