Ash_Boats_Limited_30_Sep_2021_companies_house_set_of_accounts.html
Ash_Boats_Limited_30_Sep_2021_companies_house_set_of_accounts.html
Company registration number:
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Ash Boats Ltd
Year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ash Boats Ltd for the year ended 30 September 2021 which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Ash Boats Ltd , as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Ash Boats Ltd and state those matters that we have agreed to state to the Board of Directors of Ash Boats Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ash Boats Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Ash Boats Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ash Boats Ltd . You consider that Ash Boats Ltd is exempt from the statutory audit requirement for the year.
Office 16, Hamilton Davies House117c Liverpool RoadCadisheadManchesterM44 5BGUnited Kingdom
Date:
27 September 2022
Statement of Financial Position
2021 | 2020 | ||||
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Note | £ | £ | |||
Fixed assets | |||||
Tangible assets | 5 |
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Current assets | |||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 |
(
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Net current liabilities |
(
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(
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Total assets less current liabilities | (20,738 | ) | (6,893 | ) | |
Capital and reserves | |||||
Called up share capital |
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Profit and loss account |
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(
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Shareholders deficit |
(
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(
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For the year ending 30 September 2021 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 27 September 2022 , and are signed on behalf of the board by:
Director |
Company registration number:
07765657
Notes to the Financial Statements
Year ended 30 September 2021
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Office 16 Hamilton Davies House , 117C Liverpool Road , Cadishead , Manchester , M44 5GB , England.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
Turnover
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
4 Average number of employees
The average number of persons employed by the company during the year was 1 (2020: 1.00 ).
5 Tangible assets
Plant and machinery etc. | ||
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£ | ||
Cost | ||
At |
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Depreciation | ||
At |
- | |
Carrying amount | ||
At |
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At 30 September 2020 |
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6 Debtors
2021 | 2020 | |||
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£ | £ | |||
Trade debtors | - |
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Other debtors |
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7 Creditors: amounts falling due within one year
2021 | 2020 | |||
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£ | £ | |||
Bank loans and overdrafts |
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- | ||
Taxation and social security |
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Other creditors |
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8 Director's advances, credit and guarantees
During the year the director entered into the following advances and credits with the company: Balance brought forward Advances to the director Amounts repaid Balance OutstandingMr A S Harral 13,063 44,502 40,891 16,674