Off Piste Marine Limited 14176121 false 2022-06-16 2023-06-30 2023-06-30 The principal activity of the company is building of pleasure and sporting boats. Digita Accounts Production Advanced 6.30.9574.0 true true 14176121 2022-06-16 2023-06-30 14176121 2023-06-30 14176121 core:CurrentFinancialInstruments 2023-06-30 14176121 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 14176121 core:OfficeEquipment 2023-06-30 14176121 core:PlantMachinery 2023-06-30 14176121 bus:SmallEntities 2022-06-16 2023-06-30 14176121 bus:AuditExemptWithAccountantsReport 2022-06-16 2023-06-30 14176121 bus:FullAccounts 2022-06-16 2023-06-30 14176121 bus:SmallCompaniesRegimeForAccounts 2022-06-16 2023-06-30 14176121 bus:RegisteredOffice 2022-06-16 2023-06-30 14176121 bus:Director1 2022-06-16 2023-06-30 14176121 bus:PrivateLimitedCompanyLtd 2022-06-16 2023-06-30 14176121 core:OfficeEquipment 2022-06-16 2023-06-30 14176121 core:PlantMachinery 2022-06-16 2023-06-30 14176121 countries:EnglandWales 2022-06-16 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 14176121

Off Piste Marine Limited

Unaudited Filleted Financial Statements

for the Period from 16 June 2022 to 30 June 2023

 

Off Piste Marine Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Off Piste Marine Limited

(Registration number: 14176121)
Balance Sheet as at 30 June 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

4,324

Current assets

 

Debtors

5

1,414

Cash at bank and in hand

 

2,072

 

3,486

Creditors: Amounts falling due within one year

6

(30,100)

Net current liabilities

 

(26,614)

Net liabilities

 

(22,290)

Capital and reserves

 

Called up share capital

1

Retained earnings

(22,291)

Shareholders' deficit

 

(22,290)

For the financial period ending 30 June 2023 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 November 2023
 

.........................................
Mr J C Wakeford
Director

 

Off Piste Marine Limited

Notes to the Unaudited Financial Statements for the Period from 16 June 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Off Piste Marine Limited

Notes to the Unaudited Financial Statements for the Period from 16 June 2022 to 30 June 2023

Asset class

Depreciation method and rate

Office Equipment

Straight Line 25%

Plant & Machinery

Straight Line 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

755

3,953

4,708

At 30 June 2023

755

3,953

4,708

Depreciation

Charge for the period

69

315

384

At 30 June 2023

69

315

384

Carrying amount

At 30 June 2023

686

3,638

4,324

 

Off Piste Marine Limited

Notes to the Unaudited Financial Statements for the Period from 16 June 2022 to 30 June 2023

5

Debtors

2023
£

Other debtors

254

Prepayments

1,160

1,414

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

2,646

Other creditors

27,454

30,100

7

Related party transactions

Other transactions with the director

Mr J Wakeford, a director of the company, had a directors loan. As at year end the balance owed to him was £25,454.