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REGISTERED NUMBER: 05885115 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

N HUTTON BOAT BUILDERS LIMITED

N HUTTON BOAT BUILDERS LIMITED (REGISTERED NUMBER: 05885115)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N HUTTON BOAT BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr N J Hutton





SECRETARY: Mrs C V Hutton





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Hampshire
PO16 9XS





BUSINESS ADDRESS: Mill House
Wainsford Road
Lymington
Hampshire
SO41 8LA





REGISTERED NUMBER: 05885115 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

N HUTTON BOAT BUILDERS LIMITED (REGISTERED NUMBER: 05885115)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,922

CURRENT ASSETS
Debtors 5 - 7,635
Cash at bank 168 2,615
168 10,250
CREDITORS
Amounts falling due within one year 6 57,427 60,415
NET CURRENT LIABILITIES (57,259 ) (50,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,259

)

(46,243

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (57,359 ) (46,343 )
SHAREHOLDERS' FUNDS (57,259 ) (46,243 )

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Mr N J Hutton - Director


N HUTTON BOAT BUILDERS LIMITED (REGISTERED NUMBER: 05885115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

N Hutton Boat Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 amounts receivable for services rendered net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cessation of trade
The company ceased trading on 31 July 2023 and will seek to strike the company off once all creditors are settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

N HUTTON BOAT BUILDERS LIMITED (REGISTERED NUMBER: 05885115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 38,943 2,000 2,211 43,154
Disposals (38,943 ) (2,000 ) (2,211 ) (43,154 )
At 31 July 2023 - - - -
DEPRECIATION
At 1 August 2022 35,041 1,980 2,211 39,232
Eliminated on disposal (35,041 ) (1,980 ) (2,211 ) (39,232 )
At 31 July 2023 - - - -
NET BOOK VALUE
At 31 July 2023 - - - -
At 31 July 2022 3,902 20 - 3,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,540
Other debtors - 5,095
- 7,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 7
Taxation and social security - 348
Other creditors 57,427 60,060
57,427 60,415