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REGISTERED NUMBER: 09467150 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

SUPERYACHT SERVICES LIMITED

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPERYACHT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTORS: D A Westwood
Mrs L S Westwood





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 09467150 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,792 47,166

CURRENT ASSETS
Debtors 5 34,294 108,649
Cash at bank 331,369 227,374
365,663 336,023
CREDITORS
Amounts falling due within one year 6 302,561 337,269
NET CURRENT ASSETS/(LIABILITIES) 63,102 (1,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,894

45,920

CREDITORS
Amounts falling due after more than one
year

7

-

(2,917

)

PROVISIONS FOR LIABILITIES (9,063 ) (8,637 )
NET ASSETS 91,831 34,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,731 34,266
SHAREHOLDERS' FUNDS 91,831 34,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

BALANCE SHEET - continued
31ST DECEMBER 2022


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 Board of Directors and authorised for issue on 20th November 2023 and were signed on its behalf by:





D A Westwood - Director


SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022


1. STATUTORY INFORMATION

Superyacht Services 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.

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.

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 etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2022 9,102 1,367 19,016
Additions - - -
At 31st December 2022 9,102 1,367 19,016
DEPRECIATION
At 1st January 2022 2,633 790 12,583
Charge for year 646 144 1,608
At 31st December 2022 3,279 934 14,191
NET BOOK VALUE
At 31st December 2022 5,823 433 4,825
At 31st December 2021 6,469 577 6,433

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2022 71,523 6,491 107,499
Additions - 1,931 1,931
At 31st December 2022 71,523 8,422 109,430
DEPRECIATION
At 1st January 2022 42,026 2,301 60,333
Charge for year 7,377 1,530 11,305
At 31st December 2022 49,403 3,831 71,638
NET BOOK VALUE
At 31st December 2022 22,120 4,591 37,792
At 31st December 2021 29,497 4,190 47,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 19,582 9,132
Other debtors 14,712 99,517
34,294 108,649

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 2,917 5,000
Trade creditors 5,400 64,980
Taxation and social security 147,435 87,599
Other creditors 146,809 179,690
302,561 337,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts - 2,917

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2022 and 31st December 2021:

2022 2021
£    £   
D A Westwood and Mrs L S Westwood
Balance outstanding at start of year 92,353 83,747
Amounts advanced 455,392 261,838
Amounts repaid (549,072 ) (253,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,327 ) 92,353