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Registered number: 05514720
Ocean Sports Tuition Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05514720
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,330 104,081
89,330 104,081
CURRENT ASSETS
Debtors 5 36,018 44,244
Cash at bank and in hand 172,360 102,424
208,378 146,668
Creditors: Amounts Falling Due Within One Year 6 (72,816 ) (52,907 )
NET CURRENT ASSETS (LIABILITIES) 135,562 93,761
TOTAL ASSETS LESS CURRENT LIABILITIES 224,892 197,842
Creditors: Amounts Falling Due After More Than One Year 7 - (9,206 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,973 ) (12,118 )
NET ASSETS 207,919 176,518
CAPITAL AND RESERVES
Called up share capital 8 11 10
Profit and Loss Account 207,908 176,508
SHAREHOLDERS' FUNDS 207,919 176,518
Page 1
Page 2
For the year ending 31 October 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
A Murray
Director
9 July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ocean Sports Tuition Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05514720 . The registered office is 9a & 10a Saxon Square, Christchurch, Dorset, BH23 1QA.
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 Reducing Balance 25%
Motor Vehicles Reducing Balance 25%
Computer Equipment Reducing Balance 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 5)
3 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 240,887 42,834 5,808 289,529
Additions 12,893 - 2,136 15,029
As at 31 October 2025 253,780 42,834 7,944 304,558
Depreciation
As at 1 November 2024 151,814 27,827 5,807 185,448
Provided during the period 25,493 3,752 535 29,780
As at 31 October 2025 177,307 31,579 6,342 215,228
Net Book Value
As at 31 October 2025 76,473 11,255 1,602 89,330
As at 1 November 2024 89,073 15,007 1 104,081
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,003 11,698
Other debtors 29,015 32,546
36,018 44,244
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,030 28,809
Bank loans and overdrafts 9,195 10,000
Other creditors 13,130 5,690
Taxation and social security 41,461 8,408
72,816 52,907
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 9,206
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 11 10
Page 5