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REGISTERED NUMBER: 04348328 (England and Wales)












Financial Statements

for the Year Ended 31st January 2023

for

THE LEE VALLEY BOAT CENTRE LIMITED

THE LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Contents of the Financial Statements
for the year ended 31st January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LEE VALLEY BOAT CENTRE LIMITED

Company Information
for the year ended 31st January 2023







DIRECTORS: Ms A Barnett
G Wrigglesworth
G Wrigglesworth



SECRETARY: Ms A Barnett



REGISTERED OFFICE: Lee Valley Boat Centre
Old Nazing Road
Broxbourne
Hertfordshire
EN10 6LX



REGISTERED NUMBER: 04348328 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: HSBC Bank
45 High Street
Hoddesdon
Hertfordshire
EN11 8TA

THE LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Balance Sheet
31st January 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,496 115,110

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 4,888 4,545
Cash at bank and in hand 50,184 31,010
56,072 36,555
CREDITORS
Amounts falling due within one year 6 98,818 61,695
NET CURRENT LIABILITIES (42,746 ) (25,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,750

89,970

CREDITORS
Amounts falling due after more than one year 7 (24,117 ) (34,022 )

PROVISIONS FOR LIABILITIES (16,487 ) (18,762 )
NET ASSETS 18,146 37,186

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 18,136 37,176
SHAREHOLDERS' FUNDS 18,146 37,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Balance Sheet - continued
31st January 2023


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 Board of Directors and authorised for issue on 22nd September 2023 and were signed on its behalf by:





Ms A Barnett - Director


THE LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Notes to the Financial Statements
for the year ended 31st January 2023


1. STATUTORY INFORMATION

THE LEE VALLEY BOAT CENTRE 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 5% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax 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.

THE LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Notes to the Financial Statements - continued
for the year ended 31st January 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2022 231,045 2,992 29,416 1,858 265,311
Additions - - - 255 255
At 31st January 2023 231,045 2,992 29,416 2,113 265,566
DEPRECIATION
At 1st February 2022 124,756 2,556 21,511 1,378 150,201
Charge for year 11,584 109 1,976 200 13,869
At 31st January 2023 136,340 2,665 23,487 1,578 164,070
NET BOOK VALUE
At 31st January 2023 94,705 327 5,929 535 101,496
At 31st January 2022 106,289 436 7,905 480 115,110

THE LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Notes to the Financial Statements - continued
for the year ended 31st January 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1st February 2022
and 31st January 2023 17,727
DEPRECIATION
At 1st February 2022 13,520
Charge for year 1,052
At 31st January 2023 14,572
NET BOOK VALUE
At 31st January 2023 3,155
At 31st January 2022 4,207

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 179 -
VAT 495 667
Prepayments 4,214 3,878
4,888 4,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 9,911 9,666
Trade creditors 9,691 11,021
Tax 8,253 5,329
Social security and other taxes 1,883 1,145
Other creditors 385 252
Directors' current accounts 30,055 30,055
Accrued expenses 38,640 4,227
98,818 61,695

THE LEE VALLEY BOAT CENTRE LIMITED (REGISTERED NUMBER: 04348328)

Notes to the Financial Statements - continued
for the year ended 31st January 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans - 1-2 years 20,580 20,072
Bank loans - 2-5 years 3,537 13,950
24,117 34,022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
7 Ordinary £1 7 8
1 'A' Ordinary £1 1 1
1 'B' Ordinary £1 1 1
1 'C' Ordinary £1 1 -
10 10

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms A Barnett.