Sidemount Scuba Diving Limited

Sidemount Scuba Diving Limited
Registered number:		09204688
Balance Sheet
as at 30 September 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		37,002			43,759

Current assets
Debtors	4	12,022			28,867
Cash at bank and in hand		4,752			26,418
		16,774			55,285

Creditors: amounts falling due within one year	5	(5,935)			(6,381)

Net current assets			10,839			48,904

Total assets less current liabilities			47,841			92,663


Provisions for liabilities			(7,030)			(8,315)


Net assets			40,811			84,348

Capital and reserves
Called up share capital			10			1
Profit and loss account			40,801			84,347

Shareholder's funds			40,811			84,348

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 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.




S. Martin
Director
Approved by the board on 29 October 2026

Sidemount Scuba Diving Limited
Notes to the Accounts
for the year ended 30 September 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.

	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:

	Content	10% reducing balance
	Plant and machinery	25% reducing balance
	Equipment, fixtures and fittings	33% reducing balance
	Motor vehicles	25% reducing balance

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Content		Plant and equipment etc		Total
£			£		£
	Cost
	At 1 October 2025	20,384		63,198		83,582
	Additions	-		1,835		1,835
	At 30 September 2026	20,384		65,033		85,417

	Depreciation
	At 1 October 2025	-		39,823		39,823
	Charge for the year	1,973		6,619		8,592
	At 30 September 2026	1,973		46,442		48,415

	Net book value
	At 30 September 2026	18,411		18,591		37,002
	At 30 September 2025	20,384		23,375		43,759




4	Debtors			2026		2025
£					£

	Other debtors			12,022		28,867


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

	Corporation tax			1,499		641
	Other taxes and social security costs			629		(770)
	Director's account			410		4,500
	Other creditors			3,397		2,010
				5,935		6,381


6	Other information

	Sidemount Scuba Diving Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Western House
	44 Western Road
	Flixton
	Manchester
	M41 6LF