REGISTERED NUMBER: 08367979 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Swimbrite Swimming School Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Masser

Mrs T S Shapiro

Miss H McCormick

REGISTERED OFFICE:

39 Turnberry Avenue

Alwoodley

Leeds

LS17 7TJ

REGISTERED NUMBER:

08367979 (England and Wales)

ACCOUNTANTS:

Yorkshire Medical Accountants LLP

Suite 12

East Wing, Jason House

Kerry Hill, Horsforth

Leeds

West Yorkshire

LS18 4JR

FIXED ASSETS

Intangible assets

4

26,229

45,245

Tangible assets

5

3,844

2,666

30,073

47,911

CURRENT ASSETS

Debtors

6

3,506

10,676

Cash at bank and in hand

1,024,330

852,559

1,027,836

863,235

CREDITORS

Amounts falling due within one year

7

329,626

296,040

NET CURRENT ASSETS

698,210

567,195

TOTAL ASSETS LESS CURRENT LIABILITIES

728,283

615,106

PROVISIONS FOR LIABILITIES

961

667

NET ASSETS

727,322

614,439

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

727,202

614,319

SHAREHOLDERS' FUNDS

727,322

614,439

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 1 December 2025 and were signed on its behalf by:

Mrs D Masser - Director

1.	STATUTORY INFORMATION

Swimbrite Swimming School 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

In addition, a customer database was separately purchased in 2024 and is being amortised over its estimated useful life of three 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.

Plant and machinery etc

-

20% on reducing balance and Straight line over 3 years

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 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

57,046

AMORTISATION

At 1 September 2024

11,801

Charge for year

19,016

At 31 August 2025

30,817

NET BOOK VALUE

At 31 August 2025

26,229

At 31 August 2024

45,245

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

7,536

Additions

3,163

At 31 August 2025

10,699

DEPRECIATION

At 1 September 2024

4,870

Charge for year

1,985

At 31 August 2025

6,855

NET BOOK VALUE

At 31 August 2025

3,844

At 31 August 2024

2,666

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

3,506

10,676

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Taxation and social security

74,787

45,959

Other creditors

254,839

250,081

329,626

296,040

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

9,053

9,808

Between one and five years

2,263

11,316

11,316

21,124

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £54,382 (2024 - £48,000) were paid to the directors .

Included in other creditors is an amount owed to the directors of £1,731 (2024 - £3,836).