Company Registration No. 05716815 (England and Wales)
Into The Blue (SW) Limited
Unaudited accounts
for the year ended 30 November 2025
Into The Blue (SW) Limited
Unaudited accounts
Contents
Into The Blue (SW) Limited
Company Information
for the year ended 30 November 2025
Company Number
05716815 (England and Wales)
Registered Office
Unit 25
Riverbank Court
North Devon Business Park, Chivenor
Barnstaple
Devon
EX31 4FY
England
Accountants
Westerly Accountancy Ltd
24 Orchard Road
Wrafton
Braunton
EX33 2DZ
Into The Blue (SW) Limited
Statement of financial position
as at 30 November 2025
Tangible assets
105,892
131,626
Cash at bank and in hand
40,031
24,008
Creditors: amounts falling due within one year
(381,610)
(455,320)
Net current assets
152,330
167,566
Total assets less current liabilities
258,222
299,192
Creditors: amounts falling due after more than one year
(15,096)
(21,487)
Net assets
243,126
277,705
Called up share capital
100
100
Profit and loss account
243,026
277,605
Shareholders' funds
243,126
277,705
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2026 and were signed on its behalf by
Nigel Knight
Director
Company Registration No. 05716815
Into The Blue (SW) Limited
Notes to the Accounts
for the year ended 30 November 2025
Into The Blue (SW) Limited is a private company, limited by shares, registered in England and Wales, registration number 05716815. The registered office is Unit 25, Riverbank Court, North Devon Business Park, Chivenor, Barnstaple, Devon, EX31 4FY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Into The Blue (SW) Limited
Notes to the Accounts
for the year ended 30 November 2025
4
Intangible fixed assets
Goodwill
At 30 November 2025
32,500
At 30 November 2025
32,500
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2024
147,885
210,283
498
12,771
371,437
At 30 November 2025
147,885
210,283
498
13,604
372,270
At 1 December 2024
84,405
145,189
44
10,173
239,811
Charge for the year
9,522
16,274
17
754
26,567
At 30 November 2025
93,927
161,463
61
10,927
266,378
At 30 November 2025
53,958
48,820
437
2,677
105,892
At 30 November 2024
63,480
65,094
454
2,598
131,626
Amounts falling due within one year
Trade debtors
156,993
227,512
Accrued income and prepayments
24,466
55,421
Other debtors
307,450
310,945
Into The Blue (SW) Limited
Notes to the Accounts
for the year ended 30 November 2025
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
6,391
6,391
Trade creditors
35,914
65,487
Taxes and social security
2,751
4,098
Other creditors
107,892
61,775
Loans from directors
188,335
206,981
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
15,096
21,487
9
Transactions with related parties
Included within debtors are loans to related parties of £307,450 (2024: £310,945). The directors and shareholders of the Company are participators in the recipient companies.
Included within creditors are loans from a related party of £102,745 (2024: £58,000). A shareholder of the Company is a participator in the lending company.
10
Average number of employees
During the year the average number of employees was 7 (2024: 8).