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REGISTERED NUMBER: 04913558 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ALYKAT CHARTERS AND IMAGES LIMITED

ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,023 125,270

CURRENT ASSETS
Stocks 450 1,731
Debtors 5 2,641 3,412
Cash at bank 11,840 20,375
14,931 25,518
CREDITORS
Amounts falling due within one year 6 81,142 90,085
NET CURRENT LIABILITIES (66,211 ) (64,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,812

60,703

PROVISIONS FOR LIABILITIES 7 23,564 23,801
NET ASSETS 34,248 36,902

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 5,578 5,578
Retained earnings 9 28,570 31,224
SHAREHOLDERS' FUNDS 34,248 36,902

ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

BALANCE SHEET - continued
31 JULY 2023


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 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2023 and were signed on its behalf by:





Mr D Roberts - Director


ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

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


1. STATUTORY INFORMATION

AlyKat Charters And Images Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04913558

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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 as modified by the revaluation of certain assets.

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.
Motor vehicles - 25% on reducing balance
Equipment - at variable rates 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 Profit and loss account, 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.


ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
Boat vehicles Equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 120,000 22,587 4,537 147,124
DEPRECIATION
At 1 August 2022 - 19,572 2,282 21,854
Charge for year - 754 493 1,247
At 31 July 2023 - 20,326 2,775 23,101
NET BOOK VALUE
At 31 July 2023 120,000 2,261 1,762 124,023
At 31 July 2022 120,000 3,015 2,255 125,270

During this accounting year, the Director has considered the suitability of the accounting policy applied to the depreciation of the boat owned by the Company. Previously the boat has increased in value, the Director therefore considers it appropriate to include no depreciation for the boat.

The director considers that this accounting policy results in the accounts giving a true and fair view. Depreciation is only one of many factors reflected in the valuation and the amount which otherwise may have been shown cannot be separately identified or quantified.

ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 703 1,437
Other debtors 1,938 1,975
2,641 3,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,546 1,817
Taxation and social security (386 ) 1,194
Other creditors 79,982 87,074
81,142 90,085

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,564 23,801

Deferred
tax
£   
Balance at 1 August 2022 23,801
Provided during year (237 )
Balance at 31 July 2023 23,564

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
98 Ordinary £1 98 98
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
100 100

ALYKAT CHARTERS AND IMAGES LIMITED (REGISTERED NUMBER: 04913558)

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


9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 31,224 5,578 36,802
Deficit for the year (2,654 ) (2,654 )
At 31 July 2023 28,570 5,578 34,148