Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13868184 Mr Russell Scheef iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13868184 2024-01-31 13868184 2025-01-31 13868184 2024-02-01 2025-01-31 13868184 frs-core:CurrentFinancialInstruments 2025-01-31 13868184 frs-core:Non-currentFinancialInstruments 2025-01-31 13868184 frs-core:PlantMachinery 2025-01-31 13868184 frs-core:PlantMachinery 2024-02-01 2025-01-31 13868184 frs-core:PlantMachinery 2024-01-31 13868184 frs-core:ShareCapital 2025-01-31 13868184 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13868184 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13868184 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13868184 frs-bus:SmallEntities 2024-02-01 2025-01-31 13868184 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13868184 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13868184 frs-bus:Director1 2024-02-01 2025-01-31 13868184 frs-countries:EnglandWales 2024-02-01 2025-01-31 13868184 2023-01-31 13868184 2024-01-31 13868184 2023-02-01 2024-01-31 13868184 frs-core:CurrentFinancialInstruments 2024-01-31 13868184 frs-core:Non-currentFinancialInstruments 2024-01-31 13868184 frs-core:ShareCapital 2024-01-31 13868184 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 13868184
Waterworld Sports Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Ecommerce Accountants LLP
Waterworld Sports Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Waterworld Sports Ltd
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 13868184

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 27,459 |  | 30,510
|  |  | 27,459 |  | 30,510
CURRENT ASSETS
Stocks | 6 | 75,000 |  | 91,792 |
Debtors | 7 | 2,800 |  | 6,048 |
Cash at bank and in hand |  | 452 |  | 4,806 |
|  | 78,252 |  | 102,646 |
Creditors: Amounts Falling Due Within One Year | 8 | (156,633 ) |  | (158,997 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (78,381 ) |  | (56,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (50,922 ) |  | (25,841 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | - |  | (14,781 )
NET LIABILITIES |  |  | (50,922 ) |  | (40,622 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 2 |  | 2
Profit and Loss Account |  |  | (50,924 ) |  | (40,624 )
SHAREHOLDERS' FUNDS |  |  | (50,922) |  | (40,622)

Page 1
Page 2
Waterworld Sports Ltd
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 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

Mr Russell Scheef Director
07/11/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Waterworld Sports Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Waterworld Sports Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13868184 . The registered office is 100 Ossulton Way, East Finchley, London, N2 0LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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% reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 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.
Page 3
Page 4
Waterworld Sports Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.7. Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Prior Period Adjustment
The director considered that the previous accounting policies in respect of capitalising and depreciating income generating plant and machinery for rehire was not reflective of the actual position and has adjusted for that in these financial statements.
5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 February 2024 | 36,900
As at 31 January 2025 | 36,900
Depreciation
As at 1 February 2024 | 6,390
Provided during the period | 3,051
As at 31 January 2025 | 9,441
Net Book Value
As at 31 January 2025 | 27,459
As at 1 February 2024 | 30,510

6. Stocks

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Finished goods | 75,000 |  | 91,792

7. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 2,800 |  | 6,048

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 46,560 |  | 60,208
Other loans | 18,444 |  | 2,740
Other creditors | 72,424 |  | 80,423
Taxation and social security | 19,205 |  | 15,626
| 156,633 |  | 158,997

Page 4
Page 5
Waterworld Sports Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Other loans | - |  | 14,781

10. Share Capital

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 5