IRIS Accounts Production v23.3.0.418 04362969 Board of Directors Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false Ordinary 1.00000 Ordinary B Non-Equity Share 1.00000 Ordinary C Non-Equity Share 1.00000 Ordinary D Non-Equity Share 1.00000 Ordinary 1.00000 Ordinary B Non-Equity Share 1.00000 Ordinary C Non-Equity Share 1.00000 Ordinary D Non-Equity Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043629692022-02-28043629692023-02-28043629692022-03-012023-02-28043629692021-02-28043629692021-03-012022-02-28043629692022-02-2804362969ns10:Originalns15:EnglandWales2022-03-012023-02-2804362969ns14:PoundSterlingns10:Original2022-03-012023-02-2804362969ns10:Originalns10:Director12022-03-012023-02-2804362969ns10:Original2022-03-012023-02-2804362969ns10:Originalns10:Director22022-03-012023-02-2804362969ns10:Originalns10:Director32022-03-012023-02-2804362969ns10:Original2023-02-2804362969ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2804362969ns10:Originalns10:SmallEntities2022-03-012023-02-2804362969ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2804362969ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2804362969ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2804362969ns10:Originalns10:FullAccounts2022-03-012023-02-2804362969ns10:Original12022-03-012023-02-2804362969ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2804362969ns10:Originalns10:OrdinaryShareClass22022-03-012023-02-2804362969ns10:OrdinaryShareClass3ns10:Original2022-03-012023-02-2804362969ns10:Originalns10:OrdinaryShareClass42022-03-012023-02-2804362969ns10:Original2022-02-2804362969ns10:Originalns5:CurrentFinancialInstruments2023-02-2804362969ns10:Originalns5:CurrentFinancialInstruments2022-02-2804362969ns5:ShareCapitalns10:Original2023-02-2804362969ns5:ShareCapitalns10:Original2022-02-2804362969ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2804362969ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2804362969ns10:Originalns10:RegisteredOffice2022-03-012023-02-2804362969ns10:Originalns5:NetGoodwill2022-03-012023-02-2804362969ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-012023-02-2804362969ns10:Originalns5:PlantMachinery2022-03-012023-02-2804362969ns10:Originalns5:FurnitureFittings2022-03-012023-02-2804362969ns10:Originalns5:ComputerEquipment2022-03-012023-02-2804362969ns10:Original2021-03-012022-02-2804362969ns10:Originalns5:NetGoodwill2022-02-2804362969ns10:Originalns5:NetGoodwill2023-02-2804362969ns10:Originalns5:NetGoodwill2022-02-2804362969ns10:Originalns5:LandBuildings2022-02-2804362969ns10:Originalns5:PlantMachinery2022-02-2804362969ns10:Originalns5:FurnitureFittings2022-02-2804362969ns10:Originalns5:ComputerEquipment2022-02-2804362969ns10:Original2022-02-2804362969ns10:Originalns5:LandBuildings2022-03-012023-02-2804362969ns10:Originalns5:LandBuildings2023-02-2804362969ns10:Originalns5:PlantMachinery2023-02-2804362969ns10:Originalns5:FurnitureFittings2023-02-2804362969ns10:Originalns5:ComputerEquipment2023-02-2804362969ns10:Originalns5:LandBuildings2022-02-2804362969ns10:Originalns5:PlantMachinery2022-02-2804362969ns10:Originalns5:FurnitureFittings2022-02-2804362969ns10:Originalns5:ComputerEquipment2022-02-2804362969ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2804362969ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2804362969ns10:Originalns10:OrdinaryShareClass12023-02-2804362969ns10:Originalns10:OrdinaryShareClass22023-02-2804362969ns10:OrdinaryShareClass3ns10:Original2023-02-2804362969ns10:Originalns10:OrdinaryShareClass42023-02-2804362969ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2804362969ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 04362969 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CROYDE BAY SURFING LIMITED

CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 308,577 309,182
308,577 309,182

CURRENT ASSETS
Stocks 73,324 37,135
Debtors 6 1,488 2,630
Cash at bank and in hand 189,069 233,014
263,881 272,779
CREDITORS
Amounts falling due within one year 7 75,079 91,058
NET CURRENT ASSETS 188,802 181,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,379

490,903

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 9 497,229 490,753
SHAREHOLDERS' FUNDS 497,379 490,903

CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

BALANCE SHEET - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 10 November 2023 and were signed on its behalf by:




Mr S J Thomas - Director Mrs J Thomas - Director




Mr S J Thomas - Director


CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Croyde Bay Surfing 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: 04362969

Registered office: 7 Moor Lane
Croyde
BRAUNTON
Devon
EX33 1NP

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised in previous years accounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 20% on reducing balance
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.


CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 40,000
AMORTISATION
At 1 March 2022
and 28 February 2023 40,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 307,017 17,832 8,653 4,448 337,950
Additions - 307 - - 307
Disposals - (11,042 ) (4,075 ) - (15,117 )
At 28 February 2023 307,017 7,097 4,578 4,448 323,140
DEPRECIATION
At 1 March 2022 - 16,815 8,052 3,901 28,768
Charge for year - 255 120 136 511
Eliminated on disposal - (10,642 ) (4,074 ) - (14,716 )
At 28 February 2023 - 6,428 4,098 4,037 14,563
NET BOOK VALUE
At 28 February 2023 307,017 669 480 411 308,577
At 28 February 2022 307,017 1,017 601 547 309,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 452
Other debtors 1,488 2,178
1,488 2,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 122 116
Taxation and social security 23,021 33,537
Other creditors 51,936 57,405
75,079 91,058

CROYDE BAY SURFING LIMITED (REGISTERED NUMBER: 04362969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
98 Ordinary £1 98 98
50 Ordinary B Non-Equity Share £1 50 50
1 Ordinary C Non-Equity Share £1 1 1
1 Ordinary D Non-Equity Share £1 1 1
150 150

9. RESERVES
Retained
earnings
£   

At 1 March 2022 490,753
Profit for the year 74,476
Dividends (68,000 )
At 28 February 2023 497,229