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Company registration number: 12489620
Yachting Projects Ltd
Unaudited filleted financial statements
28 February 2023
Yachting Projects Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Yachting Projects Ltd
Directors and other information
Directors Mr N G Jenkins
Mrs J M Jenkins
Company number 12489620
Registered office The Coach House
Southampton Road
Boldre, Lymington
S041 8ND
Accountants Franklins Accountants LLP
Astor House
2 Alexandra Road
Mutley Plain
Plymouth
PL4 7JR
Yachting Projects Ltd
Statement of financial position
28 February 2023
2023 2022
£ £
Fixed assets 2,785 1,266
_______ _______
Current assets 26,582 15,779
Creditors: amounts falling due within one year ( 20,554) ( 12,992)
_______ _______
Net current assets 6,028 2,787
_______ _______
Total assets less current liabilities 8,813 4,053
Accruals and deferred income ( 870) ( 1,008)
_______ _______
Net assets 7,943 3,045
_______ _______
Capital and reserves 7,943 3,045
_______ _______
Yachting Projects Ltd
Year ended 28 February 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr N G Jenkins ( 337) 53,364 ( 55,000) ( 1,973)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr N G Jenkins ( 4,146) 50,483 ( 46,000) 337
_______ _______ _______ _______
Mr N G Jenkins (director and shareholder) has loaned to the company £1,973 at the 28 February 2023 (2022 £337). This loan is interest free and repayable on demand. During the year, dividends totalling £55,000 were paid to the directors.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
Mr N G Jenkins
Director
Company registration number: 12489620
The company is a private company limited by shares, registered in England.