Company Registration No. 09963959 (England and Wales)
Traditional Boat Supplies Limited
Unaudited accounts
for the year ended 31 March 2022
Traditional Boat Supplies Limited
Unaudited accounts
Contents
Traditional Boat Supplies Limited
Statement of financial position
as at 31 March 2022
Intangible assets
36,000
45,000
Cash at bank and in hand
1,457
4,077
Creditors: amounts falling due within one year
(76,164)
(75,391)
Net current liabilities
(45,694)
(22,968)
Total assets less current liabilities
(9,694)
22,032
Creditors: amounts falling due after more than one year
(20,664)
(46,500)
Net liabilities
(30,358)
(24,468)
Called up share capital
10,004
10,004
Profit and loss account
(40,362)
(34,472)
Shareholders' funds
(30,358)
(24,468)
For the year ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 23 December 2022 and were signed on its behalf by
H M J Rolt
Director
Company Registration No. 09963959
Traditional Boat Supplies Limited
Notes to the Accounts
for the year ended 31 March 2022
Traditional Boat Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 09963959. The registered office is 8 Ashgrove Road, Redland, Bristol, BS6 6LY.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Traditional Boat Supplies Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 1 (2021: 1).
