Total Adventure Limited - Filleted accounts

Registered number

06398779

Total Adventure Limited

Unaudited Filleted Accounts

For the Year Ended

31 March 2025

Total Adventure Limited
Registered number:		06398779
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		42,978			52,845

Current assets
Stocks		319,711			413,796
Debtors	4	36,919			27,353
Cash at bank and in hand		45,712			60,832
		402,342			501,981

Creditors: amounts falling due within one year	5	(85,417)			(112,295)

Net current assets			316,925			389,686

Total assets less current liabilities			359,903			442,531


Provisions for liabilities			(11,389)			(12,281)


Net assets			348,514			430,250

Capital and reserves
Called up share capital			2			2
Profit and loss account			348,512			430,248

Shareholders' funds			348,514			430,250

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Ready
Director
Approved by the board on 17 November 2025

Total Adventure Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Rescue boats	10% reducing balance
	Plant and machinery	10% reducing balance
	Computer equipment	over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			14		21


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	65,445		69,162		134,607
	At 31 March 2025	65,445		69,162		134,607

	Depreciation
	At 1 April 2024	43,064		38,698		81,762
	Charge for the year	2,250		7,617		9,867
	At 31 March 2025	45,314		46,315		91,629

	Net book value
	At 31 March 2025	20,131		22,847		42,978
	At 31 March 2024	22,381		30,464		52,845


4	Debtors			2025		2024
£					£

	Other debtors			36,919		27,353


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			79,262		77,730
	Corporation tax			-		26,784
	Other taxes and social security costs			3,048		4,574
	Other creditors			3,107		3,207
				85,417		112,295


6	Pension commitments

	The Company contributes to a defined contribution pension scheme. The assets of the scheme are administered by an independent pensions provider. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,497 (2024 - £4,014) . Contributions totalling £679 (2024 - £840) were payable at the balance sheet date.


7	Other information

	Total Adventure Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Boathouse
	Ferry Nab
	Bowness on Windermere
	Cumbria
	LA23 3JH