SWIM TORQUAY LIMITED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBEII 2022
SWIM TORQUAY LIMITED tNDEX TO THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 ST ocfoBER, 2022 PAGE NO. l. Directors. and Trustees. report 2. Profit and Loss Account 34. Balance Sheet 5-6. Notes to the Financial Staternents 7-8 Trading and Profit and Loss Account 9. Independent accountant's report
SWIM TORQUA Y LIMTTED REPORT OF THE DIRELYORS AND TRUSTEES The directors and irustee5 present thcir report and ihe finanLial statements for thc year ended 31 st Octi)IKr, 2022 PRINCIPAL OBJECTS .4ND ACTIN'JTIF.S The prinLipal objcci and actii'tty of the company continues lo - that ofrunningF k public swiniming pool. in accordancc with Ihe M¢tnorandum and Articles of AssLKiaiton of ihL company. REVtEW Thc company runs the p(h)l and facilities on a sclf-fiDaDcin¥ basis. CHARIT.4BLE STATUS The company is a regist¢rcd charitv. RF.SULT8 The resulis for the year dre s¢t out in the Profil <1[ Loss ALLouni. DIRECTORS The dircLtors throughoui rhe e8[ *"¢re a% tollows= R.G.W. Margctts. D. Rob¢rts. (retired I Ith April ?0??) P. Tysu¢. l.. Pitt5. K Merritt. The compaThy is litnit¢d hv ¥uarantLi and the direciors hae no bcneficial inlcrcst in any shares. ADMtNISTRATtON The running nf the pool is undcrtak-en bv a tnanagemeni comtnilt¢c.. The m¢mbers ihroughoul Ihe l'ear ii'erL' as follou'%'. Mr. R. Margetts, Mr. L. Piiis. Mr. P. Ti"s()c. Mrs. C. WaldoLk. Mr. R Ms. K. Sundholm. Mrs. R Ives. Nlr. .4 Bouliun. Mrs. K. MerriLk. C W'illiams. A Brooks. L Clark. Mr Rackhi)l¢r EXEMPTION preparing this report. thc directors hai'¢ iaken advantagc ol-lhc %pecial exempiions available to small companies. BY ORDER OF TFIE B()ARD This report was appToved by the Board lif direcroTS and thc TruslLxs on 19" April ?0?3 161rykWUc Dircclor r- RECi1STERED OFFICF.: St Pauls Road. Plainmoor. Torquay. TQ l .lQP BAN'.KERS.. National WL4tTninstcr Bank plc. l 08 Lnion SirLxl. ToFquaJ'. TQ75PH REGISTERED COMPANY NUMBER. 01214211 REGISTERED CHARITY NUMBER.. 27?712 Pagc I
SWIM TOR UAY LTD UNAUDITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.1022 31.10.22 31.10.21 Turnover 299459 161559 Cost of sales 3295 GROSS PROFIT 296164 159713 ADMINISTRATIVE COSTS 323825 257273 -27661 -97560 Other operdting ineoTn¢ 9710 124442 OPERATING LOSS FOR THE YEAR -17952 26882 Non trading income 2573 392 Profivioss on ordinary activities before taxalion -15379 27274 Retsined profit brought fonvard 49813 22539 R¢tained profits i loss carried fonwd 34434 49813 The company has neither aquir¢d or ¢ommenc¢d any new blnesS activities in the year nor discontinued any operdtions and it kn no recognised gains or losses other than th¢ profiEI]oss for the There is no material difference beTh¥een the profit for this year and the prior year &s shown atrM)ve and that on the historical cost b&si5 The not¢s set out on pages 5 to 6 fr*rni an inlegrnl part of these accounts pag¢ 2
WIM TOR AY LTD BALANCE SHEET AT 3 1ST ocfoBER 2022 31.10 31.10.21 Note FIXED ASSETS 268623 288776 CURRENT ASSETS Stock Debtors and prepayments Bank dep051t Bank Fundrnising ISlI Bank current C&%h in haTKI 2173 1630 31341 15769 29117 2557 531 60198 7893 163 75719 95653 DEDUCT Creditors and a¢¢nlS Amowits due within l y Trade cr¢ditors Other rr¢ditors Loan Torbay CowJcTI 18472 5563 1500 21556 5534 1500 25535 28590 NET CURRENT ASSETS 50184 67063 LONG TERM LIABILITIES Loan Torbay Council io -157iO -17250 30i057 338589 RETAINED PROFITS Ai 1st Novemb¢r, 2021 Deficitlsurplus for the year Balance carried fonvard Revaluation reserve 49813 -15379 34434 268623 22539 27274 49813 288776 Carried forward 31.102022 30)057 338589 Continued on page 4 page 3
SWJM TORQUAY LIMITED UNAUDITED BALANC"E SHEET (continu¢d frorn the previous page) In thc dir¢ctors' opinion for thL finai)iial )'car ended 31" OLlcTrbir 10?? IhL coinpany was entitlcd to exemption undcr sLYtion 447 of the companies Act ?006 Tclaiit)g io Small companics. No members have required the compani" to obtain an audil ol. ils dLLOLEnts for lh¢ year ended J I" October 2021 in accordanc¢ with seclivn 476 of ihe Compdnie% ALI 2(K)6 Th¥ directors ackno"1cd¥e iheiT rcswnsibility for cornpl)'ing 'ith the rcquirL'Tnents of the Act with rcspect to accounting IfLL)rds and for ihL prepardtion of aLLUUllts. These accounts have bc¢n prepared in accordance with the pruvisions applicable io ¢oinpanies subjcLt to the small companics rcgime In the dire¢tors' opinion thc company was entitled wjdcr seciion 447121 ofih¢ Companies Act 26 to exemption from th¢ audil of its acc()unts for the year end¢d ) I si O¢iobcr 202? Th¢ m¢mbLrs havc Dot required thc company to obtain an audit in accordance with stttion 476 of thc Companies Act The direct()rs and trustet'% aLknowledeL ihcir responsibility for.. ensuring the compdny kccps acLounling records M'hiLh Lomply M'ith th¢ C'ompani¢4 ALI 200 and prcparin? dLLounls which gii'L a Iwe and fair i'iew ol-IhL Stal¢ ()f allairs of ihL coinpany as al the end ()f thL fin1nci21 y¢aT. and of its pn)fit or loss for IhL finanLMI year tii aLLordanLL With the r¢qiiircmenl% i)f th¢ relefviini dnd whtch othen41i%e Lumply wilh the re4uifLmcntf of the Companie¥ Acl relating io a¢Lounls so far as applicablc lo ihL company. The accounts havc been prepared in acLurddnce wilh thc speLldl prol'iqivns in Part Vll of the Companie% ALt 1985 rclatin¥ io small compant¢5_ Approvcd by the board on April 20?3 Director Thc notes on pages 5 to 6 forn] atL iDtL-8ral part of thcse accounls Page 4
SWIM TORQUAY LIMITED NOTES TO THE UNAUDITED ACCOUNIS FOR THE YEAR ENDED 31 sr ocroBEIL 2022 I. ACCOUNTING POLICIES a) Accounting Convention These financial Staments have Ien prepad under the historical cost convention. b) Depreciation Depreciation is calculated to write off the cost of tsngible fixed &ets in equal annual in5tallments over thetr useful lives as set out below:_ Lea8ehold Property 25 yeaxs, this being ihe remaining tern) of the lease Fixtures, Fittings and Equipment 2¢Y/v per annum. c) Stocks Slock% are stated at the lower of $t or net realizable value 2. PROPERTY VALUATION The leasehold prortY was revalued in 2013 at the cost of the major renovation work undertaken during the year. 3. TURNOVER Turnover represents the amount of takings. b(M)kings aTKI sales to customers during the year. 4. STAFF COSTS 2022 2021 Wages and salaries Social security costs Pension costs Self eTnployed teachers 201210 7561 173476 3594 2547 1250 1605 213743 180867 5 OPERATJNG LOSS / PROFrr This is stated after charging Depreciation 20153 20153 Page 5
OR UAY LIMITED TES TO THE UNAUDITED ACCOUNTS E YEAR ENDED 31 ST OCTOBER 2022 Fixture5. Fittin Plant 6 TANGIBLE FIXED ASSETS Iand and Buildin COSTIVALUATION At 1st November 2021 Renovation costs Less Grdllt Sport England At 3 1st October 2022 35,139 500.000 -50.000 485,139 23.962 IIK).000 -] 00.000 23,962 59,101 600.000 -150.000 509.101 DEPRECIATION At 1st November 2021 Provision for the year At 3 1st Oaober 2022 196363 20153 23962 220325 20153 216516 23962 240478 NET BOOK VALUE At I st Nov¢mb¢r 2021 Depreciation for the year Balance at 31.102022 288776 20153 288776 20153 268.623 268.623 The Leasehold property was revalued in 2013 at the cost of the major renovation work undertaken during the year less the amount of th¢ grani received from SI Engjand. 2022 2021 TTade debtors Other debtors 13586 17755 3704 12065 31341 15769 78091 78091 9 CREDITORS.. amounts falling due within one year Trade Creditors 7581 10891 5563 1500 4674 16882 5534 1500 Other creditors Loan TBC 25535 28590 10 LOAN The long terni loan of £30.ocKI from Torbay Council is repayable in equal quarterly instalments. the final instalment being due on 1.42034 I I REVALUATION RESERVE Brought fonvdrd Depreciation for the year Carried forward 01.112021 288776 308929 20153 20153 31.102022 268623 288776 Page 6
SWIM TOR UAY LTD UNAUDITED TRADtNG & PROFIT & LOSS AccouKr YeaT ended Year ended Year ended 3 1st October 2022 31.1022 COME Entrance Ftts.. Takings Group le550ns Individual lessons (including TTiathlon) Oddicombe SC Torquay L¢ander SC Pool hire schools etc. Parties 44007 70589 65159 7020 32682 74068 2330 33356 37017 36019 5070 22074 25432 250 159218 295855 Sales- goggle4 hats. badges, certificates etc. Less Cost of sales Hairdryers Car park fees Vending commission 3584 3295 2325 1846 289 20 479 16 392 1173 298737 160105 Add Other In¢orne- Bank interest received Grdnis Torbay Council HMRC - Furlough pay National Leisure Recovery Fund R¢siart Grant 52 37 23764 48940 13458 18000 264272 302579 FUND1141SING: Awards for All Tesco Coop Legacy.. Donations Donation WI Active Devon Sponsors Torbay iA)ttery Friends Sundry 3333 834 3923 5000 653 400 5000 4256 45 1086 181 34 1086 12 5868 20275 Total Income carried forward 308447 284547 page 7
SWIM TOR UAY LTD UNAUDITED TRADtNG & PROFIT & LOSS ACCOUKt Year ended 31si Ociober 2022 31.10.22 31.10.21 Total Income brought forward EXPENSES Rent Water 308447 284547 9130 7133 24225 1678 210376 3367 6056 5902 10882 16819 1941 178320 2547 1086 7214 18681 1344 3470 658 2360 806 Electricity Chemica]s Wag¢s, salaries & contract teachers Stsff pension Staff training courses Insuranc¢ Repairs & renewals Telepho and intern Stationery, advertising and otTice equipment BID 32999 1733 3901 658 3675 806 2031 1753 2245 2710 Bank and card charges Loan interest Commission Cleaning Waste disposal Sundry 1297 1834 212 323825 257273 Net loss l surplus -15.379 27274
David J. Olding Accountant 71a Cadewell Lane Torquay TQ2 7HP Tel (01803) 614171 SWIM TOR UAY LIMtTED ACCOLwfs FOR THE YBAR ENDED 31 ST TOBER 2022 In my opinion (a) the accounts of the company for the year ended )151 Ociober, 2022 are Èn agreement wtth the accounting records k.ept by the company under section 221 of the Companies Act 198)" (b) having regard only to. and on the basis of. the inforn]ation in those accounting record& those accounts have been drawTr up in a manner consislent with the provisions of the Art as specified in subsection (6) of section 249C. so far as applicable to the compan).. (c) having regard only to. and on the basis of, the inforn]ation in the accounting record& the company satisfied the requirements of r£ction 249A(4), for the year ended )1" October 2022, and did not fall within section 249B(I)(a) to (O at any time within that financial ye. Davld J. Olding Accounlant Page 9