Company Registration No. 14219371 (England and Wales)
Takara Hotel Boat Limited
Unaudited accounts
for the period from 6 July 2022 to 31 July 2023
Takara Hotel Boat Limited
Unaudited accounts
Contents
Takara Hotel Boat Limited
Company Information
for the period from 6 July 2022 to 31 July 2023
Directors
Mrs Donna Leigh Jones
Mr Vincent Jonathan Jones
Company Number
14219371 (England and Wales)
Registered Office
136 Hall Steet
Stockport
Greater Manchester
SK1 4HE
Accountants
Bee Motion Accounting Limited
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
Takara Hotel Boat Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
91,583
Creditors: amounts falling due within one year
(127,350)
Net current liabilities
(32,656)
Total assets less current liabilities
20,155
Provisions for liabilities
Called up share capital
100
Profit and loss account
15,603
Shareholders' funds
15,703
For the period ending 31 July 2023 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.
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 13 October 2023 and were signed on its behalf by
Mrs Donna Leigh Jones
Director
Company Registration No. 14219371
Takara Hotel Boat Limited
Notes to the Accounts
for the period from 6 July 2022 to 31 July 2023
Takara Hotel Boat Limited is a private company, limited by shares, registered in England and Wales, registration number 14219371. The registered office is 136 Hall Steet, Stockport, Greater Manchester, SK1 4HE.
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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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Turnover includes revenue earned from the sale of goods and/or services.
i) Sale of goods
Turnover from the sale of goods are recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company.
ii) Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. 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. In this case tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
Takara Hotel Boat Limited
Notes to the Accounts
for the period from 6 July 2022 to 31 July 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company has considerable financial resources together with contracts with a number of clients. The directors believes that the company is well placed to manage its business risks successfully.
After making enquiries, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
57,059
221
852
58,132
At 31 July 2023
57,059
221
852
58,132
Charge for the period
5,053
55
213
5,321
At 31 July 2023
5,053
55
213
5,321
At 31 July 2023
52,006
166
639
52,811
Amounts falling due within one year
Accrued income and prepayments
1,305
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Creditors: amounts falling due within one year
2023
Taxes and social security
2,880
Loans from directors
72,457
Takara Hotel Boat Limited
Notes to the Accounts
for the period from 6 July 2022 to 31 July 2023
Accelerated capital allowances
4,452
Charged to the profit and loss account
4,452
Provision at end of period
4,452
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
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Average number of employees
During the period the average number of employees was 2.