Undersea Adventures IM

YE18 £

YE19 £

YE20 £

YE21 £

Balance Sheet (£)

Fixed Assets

Tangible Assets

322,343

319,811

317,198

18,438

Current Assets

Stocks

201,413

165,985

110,806

150,879

Debtors

1,580

742

742

754

Cash at Bank

9,372

5,612

67,949

78,449

Total:

212,365

172,339

179,497

230,082

Creditors: Amounts falling due within one year

(441,321)

(426,295)

332,730

125,673

Net Current Assets

(228,956)

(253,956)

(153,233)

104,409

Creditors: Amounts falling due after one year

133,389

123,720

162,137

45,281

Net Assets/Liabilities

(40,002)

(57,865)

1,828

91,927

Capital and Reserves

Called Up Share Capital

100

100

100

100

Retained Earnings

(40,102)

(57,965)

1,728

77,466

Shareholder Funds

(40,002)

(57,865)

1,828

77,566

Note: During the pandemic of 2020, sales reduced significantly until lockdown restrictions were eased. Additionally all staff were furloughed with surpport from the government furlough scheme. Our clients advise that despite the pandemic, prospects have improved as a result of consumer’s move towards online shopping.

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Undersea Adventures | Information Memorandum