LET'S DIVE IN! LIMITED - Filleted accounts

Registered number

10795519

LET'S DIVE IN! LIMITED

Filleted Accounts

31 May 2026

LET'S DIVE IN! LIMITED
Registered number:		10795519
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		13,648			24,197

Current assets
Debtors	4	5,100			1,315
Cash at bank and in hand		98,750			111,230
		103,850			112,545

Creditors: amounts falling due within one year	5	(50,638)			(54,651)

Net current assets			53,212			57,894

Net assets			66,860			82,091

Capital and reserves
Called up share capital			100			100
Profit and loss account			66,760			81,991

Shareholders' funds			66,860			82,091

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.




K T Woolland
Director
Approved by the board on 7 August 2026

LET'S DIVE IN! LIMITED
Notes to the Accounts
for the year ended 31 May 2026

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 the provision of swimming courses. 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 services is recognised by reference to the stage of completion of the swimming course.

	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:

	Plant and machinery	20% of cost per year
	Fixtures and fittings	20% of cost per year
	Computer equipment	20% of cost per year

	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. Current and deferred tax assets and liabilities are not discounted.

	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		2026		2025
Number				Number

	Average number of persons employed by the company		2		2

3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 June 2025				52,747
	At 31 May 2026				52,747

	Depreciation
	At 1 June 2025				28,550
	Charge for the year				10,549
	At 31 May 2026				39,099

	Net book value
	At 31 May 2026				13,648
	At 31 May 2025				24,197

4	Debtors		2026		2025
£				£

	Trade debtors		1,992		-
	Other debtors		3,108		1,315
			5,100		1,315

5	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		12,424		10,255
	Other creditors		38,214		44,396
			50,638		54,651

6	Other information

	LET'S DIVE IN! LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	8 Gwendale
	Maidenhead
	Berks
	SL6 6SH