Sheffield Cable Water Ski Ltd

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

Registered number: 08308959

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		125,414		171,497

			125,414		171,497
CURRENT ASSETS
Debtors	5	561,825		273,927
Cash at bank and in hand		68,691		23,021

		630,516		296,948
Creditors: Amounts Falling Due Within One Year	6	(586,399 )		(232,179 )

NET CURRENT ASSETS (LIABILITIES)			44,117		64,769

TOTAL ASSETS LESS CURRENT LIABILITIES			169,531		236,266

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,253 )		(32,585 )

NET ASSETS			143,278		203,681

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			143,178		203,581

SHAREHOLDERS' FUNDS			143,278		203,681

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Sheffield Cable Water Ski Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 A J Granger

Director

19 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sheffield Cable Water Ski Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08308959 . The registered office is Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU.

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, excluding discounts, rebates, value added tax and other sales taxes.

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	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	10% reducing balance
Computer Equipment	25% reducing balance

2.4. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.5. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 11)

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Sheffield Cable Water Ski Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 June 2024	294,854
Additions	5,271
Disposals	(36,570 )

As at 31 May 2025	263,555

Depreciation
As at 1 June 2024	123,357
Provided during the period	21,731
Disposals	(6,947 )

As at 31 May 2025	138,141

Net Book Value
As at 31 May 2025	125,414

As at 1 June 2024	171,497

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	432	1,710
Other debtors	561,393	272,217

	561,825	273,927

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	41,120	81,187
Other creditors	419,065	90,282
Taxation and social security	126,214	60,710

	586,399	232,179

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Sheffield Cable Water Ski Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Related Party Transactions

During the year the company entered into transactions with entities under the common control of one of the company’s directors which are detailed below:

During the year the company made sales of £83,000 (2024: £14,650). At the year end, in other debtors, an amount of £106,146 (2024: £6,546) was due from the related company.

During the year the company was charged for management fees of £5,892 (2024: £155,927). At the year end, in other debtors, an amount of £398,932 (2024: £213,456) was due from the related company.

During the year the company made no purchases or sales (2024: £Nil). At the year end, in other debtors, an amount of £660 (2024: £540) was due from the related company.

During the year the company made no purchases or sales (2024: £Nil). At the year end, in other debtors, an amount of £32,824 (2024: £32,259) was due from the related company.

During the year the company was charged for management fees of £7,603 (2024: £1,765). At the year end, in other creditors, an amount of £2,948 (2024: £1,105) was due from the related company.

During the year the company made no purchases or sales (2024: £Nil). At the year end, in other creditors, an amount of £2,102 (2024: £2,102) was due to the related company.

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