|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE HAYLING YACHT COMPANY LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE HAYLING YACHT COMPANY LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
|
|
|
|
THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
THE HAYLING YACHT COMPANY LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Station House |
Havant |
Hampshire |
PO9 1QU |
THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
BALANCE SHEET |
30 SEPTEMBER 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 9 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Other reserves |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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 HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
BALANCE SHEET - continued |
30 SEPTEMBER 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
1. | STATUTORY INFORMATION |
|
The Hayling Yacht Company Limited is a
|
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 the provisions of Section 1A "Small |
Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK |
and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared |
under the historical cost convention as modified by the revaluation of certain assets. |
|
Turnover |
Turnover represents net sales of goods and services, excluding value added tax, and includes turnover |
where the company obtains rights to consideration during the year. |
|
Intangible assets |
Website design and development has been fully amortised. |
|
Tangible fixed assets |
|
Improvements to property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Taxation |
Taxation for the year 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 at the balance sheet date, except as |
otherwise required in the paragraphs below. |
|
Unrelieved 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 shall not be recognised on permanent differences, other than a business combination |
where assets (other than goodwill) give rise to an deferred tax asset or liability. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
2. | ACCOUNTING POLICIES - continued |
|
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 year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Website |
design |
and |
development |
£ |
COST |
At 1 October 2016 |
and 30 September 2017 |
|
AMORTISATION |
At 1 October 2016 |
and 30 September 2017 |
|
NET BOOK VALUE |
At 30 September 2017 |
|
At 30 September 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 October 2016 |
|
|
|
Additions |
|
|
|
At 30 September 2017 |
|
|
|
DEPRECIATION |
At 1 October 2016 |
|
|
|
Charge for year |
|
|
|
At 30 September 2017 |
|
|
|
NET BOOK VALUE |
At 30 September 2017 |
|
|
|
At 30 September 2016 |
|
|
|
THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2016 |
|
|
|
Additions |
|
|
|
At 30 September 2017 |
|
|
|
DEPRECIATION |
At 1 October 2016 |
|
|
|
Charge for year |
|
|
|
At 30 September 2017 |
|
|
|
NET BOOK VALUE |
At 30 September 2017 |
|
|
|
At 30 September 2016 |
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Mill Rythe Moorings | 2,662 | 6,996 |
Hayling Pontoons Ltd | 14,758 | (17,652 | ) |
Corporation tax recoverable |
|
|
Prepayments |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Directors' current accounts | 2,034 | 3,186 |
Accruals and deferred income |
|
|
|
|
THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2017 | 2016 |
£ | £ |
Bank overdrafts |
|
|
|
Bank borrowings are secured by guarantees given by the director, J L Blake. |
|
9. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 12,238 | 9,257 |
|
Deferred |
tax |
£ |
Balance at 1 October 2016 |
|
Accelerated capital allowances | 2,981 |
Balance at 30 September 2017 |
|
|
10. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary | £1 | 3,000 | 3,000 |
|
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 30 September 2017 |
and 30 September 2016: |
|
2017 | 2016 |
£ | £ |
|
Balance outstanding at start of year |
|
( |
) |
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
12. | ULTIMATE CONTROLLING PARTY |
|
The company's controlling party is JMCR Holdings Limited who own 100% of the issued share capital. |
|
13. | FIRST YEAR ADOPTION |
|
Transitional relief |
In preparing the accounts, the directors have considered whether in applying the accounting policies |
required by FRS 102 Section 1A a restatement of comparative items was needed. No restatements |
were required. |