REGISTERED NUMBER: 10515873 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2024 TO 31 JULY 2025

FOR

TUBERS ACADEMY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Ellison

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

10515873 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Tangible assets

4

98,676

59,012

CURRENT ASSETS

Debtors

5

357,962

339,421

Cash at bank and in hand

135,182

68,496

493,144

407,917

CREDITORS

Amounts falling due within one year

6

351,876

249,260

NET CURRENT ASSETS

141,268

158,657

TOTAL ASSETS LESS CURRENT LIABILITIES

239,944

217,669

CREDITORS

Amounts falling due after more than one year

7

(21,296

)

(28,702

)

PROVISIONS FOR LIABILITIES

(18,228

)

(9,968

)

NET ASSETS

200,420

178,999

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

200,380

178,959

SHAREHOLDERS' FUNDS

200,420

178,999

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

Mr N Ellison - Director

1.	STATUTORY INFORMATION

Tubers Academy 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.

Long leasehold

-

15% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 32 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 31 March 2024

-

25,941

28,225

Additions

15,092

1,364

14,826

At 31 July 2025

15,092

27,305

43,051

DEPRECIATION

At 31 March 2024

-

12,022

14,951

Charge for period

3,018

4,075

5,620

At 31 July 2025

3,018

16,097

20,571

NET BOOK VALUE

At 31 July 2025

12,074

11,208

22,480

At 30 March 2024

-

13,919

13,274

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 31 March 2024

5,500

124,274

183,940

Additions

12,000

45,874

89,156

At 31 July 2025

17,500

170,148

273,096

DEPRECIATION

At 31 March 2024

3,014

94,941

124,928

Charge for period

4,829

31,950

49,492

At 31 July 2025

7,843

126,891

174,420

NET BOOK VALUE

At 31 July 2025

9,657

43,257

98,676

At 30 March 2024

2,486

29,333

59,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

131,096

150,400

Amounts owed by associates

143,436

103,268

Other debtors

42,483

27,000

Directors' current accounts

32,874

58,753

Prepayments

8,073

-

357,962

339,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,556

5,556

Other loans

15,000

30,000

Trade creditors

12,801

12,347

Tax

35,733

60,164

Social security and other taxes

27,366

33,969

VAT

189,362

73,611

Other creditors

63,674

31,584

Accrued expenses

2,384

2,029

351,876

249,260

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

21,296

28,702

8.	OTHER FINANCIAL COMMITMENTS

At 31/07/2025, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £78,373 (2024: £140,430).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2025 and the year ended 30 March 2024:

2025

2024

£

£

Mr N Ellison

Balance outstanding at start of period

58,753

57,662

Amounts advanced

101,567

87,056

Amounts repaid

(127,446

)

(85,965

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

32,874

58,753

10.	RELATED PARTY DISCLOSURES

During the period, total dividends of £105,500 were paid to the director .

During the period the company lent to Tubers Ltd, an amount of £35,168 (2024: £30,099). The amount owing to the company relating to this loan at the period end, is £92,877 (2024: £57,709).

During the period the company lent to Holidaycomps Ltd, a company Mr N Ellison, Director, is also a Director of, an amount of £5,000 (2024 £45,559). The amount owing to the company relating to this loan at the period end, is £50,559 (2024 £45,559).

These loans are unsecured, interest free and repayable on demand.

11.	GOVERNMENT GUARANTEED LOAN

The bank loan of £26,852 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2030.