Company Registration No. NI072891 (Northern Ireland)
Boat House Boat Company Limited
Unaudited accounts
for the year ended 31 December 2022
Boat House Boat Company Limited
Unaudited accounts
Contents
Boat House Boat Company Limited
Company Information
for the year ended 31 December 2022
Directors
Mr Anthony Reid
Mr Justin Reid
Mr Jonathan Baird
Mr Colin Nelson
Company Number
NI072891 (Northern Ireland)
Registered Office
Unit 4A, Channel Wharf
21 Old Channel Road
Belfast
Antrim
BT3 9DE
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
Boat House Boat Company Limited
Statement of financial position
as at 31 December 2022
Intangible assets
2,590
2,914
Tangible assets
612,035
91,098
Inventories
245,000
85,000
Cash at bank and in hand
-
262,019
Creditors: amounts falling due within one year
(386,920)
(272,972)
Net current assets
20,416
101,038
Total assets less current liabilities
635,041
195,050
Creditors: amounts falling due after more than one year
(237,367)
(2,061)
Net assets
397,674
192,989
Called up share capital
1,000
1,000
Profit and loss account
396,674
191,989
Shareholders' funds
397,674
192,989
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2023 and were signed on its behalf by
Mr Jonathan Baird
Director
Company Registration No. NI072891
Boat House Boat Company Limited
Notes to the Accounts
for the year ended 31 December 2022
Boat House Boat Company Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI072891. The registered office is Unit 4A, Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Straight Line
Plant & machinery
15% Reducing Balance
Fixtures & fittings
20% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charged at 10% straight line.
Boat House Boat Company Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
80,000
35,500
-
115,500
Additions
483,707
40,917
8,481
533,105
At 31 December 2022
563,707
76,417
8,481
648,605
At 1 January 2022
9,600
14,802
-
24,402
Charge for the year
4,540
6,333
1,295
12,168
At 31 December 2022
14,140
21,135
1,295
36,570
At 31 December 2022
549,567
55,282
7,186
612,035
At 31 December 2021
70,400
20,698
-
91,098
Amounts falling due within one year
Accrued income and prepayments
10,091
3,259
Boat House Boat Company Limited
Notes to the Accounts
for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
54,507
-
Obligations under finance leases and hire purchase contracts
8,595
3,600
Trade creditors
154,231
54,761
Taxes and social security
17,391
(1,262)
Loans from directors
126,396
124,982
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
20,439
2,061
9
Average number of employees
During the year the average number of employees was 3 (2021: 0).