Scuba Tours Worldwide Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13530540 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2021 to 31 July 2022

for

Scuba Tours Worldwide Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Strickland

N J Tyler

SECRETARY:

REGISTERED OFFICE:

30 Gay Street

Bath

BA1 2PA

REGISTERED NUMBER:

13530540 (England and Wales)

ACCOUNTANTS:

Moore

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Intangible assets

4

(1,374,643

)

-

Tangible assets

5

8,125

-

(1,366,518

)

-

CURRENT ASSETS

Debtors

6

3,202,060

-

Cash at bank

1,071,011

1,000

4,273,071

1,000

CREDITORS

Amounts falling due within one year

7

2,119,317

-

NET CURRENT ASSETS

2,153,754

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

787,236

1,000

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

8

776,224

-

Retained earnings

10,012

-

SHAREHOLDERS' FUNDS

787,236

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:

N J Tyler - Director

1.	STATUTORY INFORMATION

Scuba Tours Worldwide Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Intangible

£

COST

Additions

(2,150,867

)

Impairments

776,224

At 31 July 2022

(1,374,643

)

NET BOOK VALUE

At 31 July 2022

(1,374,643

)

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

10,000

At 31 July 2022

10,000

DEPRECIATION

Charge for period

1,875

At 31 July 2022

1,875

NET BOOK VALUE

At 31 July 2022

8,125

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.10.21

£

£

Trade debtors

3,177,479

-

Other debtors

24,581

-

3,202,060

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.10.21

£

£

Trade creditors

1,495,313

-

Taxation and social security

4,311

-

Other creditors

619,693

-

2,119,317

-

8.

RESERVES

Fair

value

reserve

£

Impairment

776,224

At 31 July 2022

776,224