LV Yachting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07994782 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

LV YACHTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs L V Jackson

REGISTERED OFFICE:

Hedge House Hangersley Hill

Hangersley

Ringwood

BH24 3JW

REGISTERED NUMBER:

07994782 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Tangible assets

4

-

389

CURRENT ASSETS

Debtors

5

44,534

49,894

Cash at bank and in hand

157,553

30,261

202,087

80,155

CREDITORS

Amounts falling due within one year

6

188,974

64,882

NET CURRENT ASSETS

13,113

15,273

TOTAL ASSETS LESS CURRENT LIABILITIES

13,113

15,662

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

13,013

15,562

SHAREHOLDERS' FUNDS

13,113

15,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 July 2020 and were signed by:

Mrs L V Jackson - Director

1.	STATUTORY INFORMATION

LV Yachting Limited 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 represents net invoices for sales of charters completed in the period, excluding VAT.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

1,166

DEPRECIATION

At 1 January 2019

777

Charge for year

389

At 31 December 2019

1,166

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

389

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

34,637

34,131

Other debtors

9,897

15,763

44,534

49,894

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

53

26

Trade creditors

15,342

12,051

Taxation and social security

8,485

9,094

Other creditors

165,094

43,711

188,974

64,882