REGISTERED NUMBER: 06584948 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Vobster Diving Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A A Stanton

Mr M G Stanton

SECRETARY:

Mrs A A Stanton

REGISTERED OFFICE:

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

REGISTERED NUMBER:

06584948 (England and Wales)

ACCOUNTANTS:

Accounting Solutions

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

27,278

36,761

27,278

36,761

CURRENT ASSETS

Stocks

30,369

40,723

Debtors

6

683,346

554,856

Cash at bank

44,320

81,676

758,035

677,255

CREDITORS

Amounts falling due within one year

7

162,842

207,545

NET CURRENT ASSETS

595,193

469,710

TOTAL ASSETS LESS CURRENT LIABILITIES

622,471

506,471

CREDITORS

Amounts falling due after more than one year

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES

(12,446

)

(12,446

)

NET ASSETS

598,358

472,358

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

598,258

472,258

SHAREHOLDERS' FUNDS

598,358

472,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 6 October 2025 and were signed on its behalf by:

Mr M G Stanton - Director

Mrs A A Stanton - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

281,104

AMORTISATION

At 1 April 2024

and 31 March 2025

281,104

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

70,606

121,304

41,954

Additions

1,267

7,899

1,183

At 31 March 2025

71,873

129,203

43,137

DEPRECIATION

At 1 April 2024

55,766

110,324

35,843

Charge for year

12,403

4,719

1,459

At 31 March 2025

68,169

115,043

37,302

NET BOOK VALUE

At 31 March 2025

3,704

14,160

5,835

At 31 March 2024

14,840

10,980

6,111

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

10,979

17,893

262,736

Additions

-

474

10,823

At 31 March 2025

10,979

18,367

273,559

DEPRECIATION

At 1 April 2024

10,462

13,580

225,975

Charge for year

130

1,595

20,306

At 31 March 2025

10,592

15,175

246,281

NET BOOK VALUE

At 31 March 2025

387

3,192

27,278

At 31 March 2024

517

4,313

36,761

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,828

5,794

Amounts owed by group undertakings

2,124

2,124

Other debtors

671,394

546,938

683,346

554,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

42,282

53,876

Trade creditors

20,855

6,535

Amounts owed to group undertakings

19,269

19,269

Taxation and social security

75,941

78,650

Other creditors

4,495

49,215

162,842

207,545

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

11,667

21,667

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the director's throughout the period, as stated in the director's report.

Interest is charged on the overdrawn directors' balances at the official rate of 2.25%.