Silverfin false 31/03/2023 01/04/2022 31/03/2023 C Grube 12/03/2013 M J E Thompson 28/03/2022 29 November 2023 The principal activity of the Company during the financial year was that of sailing sporting activities. 08440704 2023-03-31 08440704 bus:Director1 2023-03-31 08440704 bus:Director2 2023-03-31 08440704 2022-03-31 08440704 core:CurrentFinancialInstruments 2023-03-31 08440704 core:CurrentFinancialInstruments 2022-03-31 08440704 core:Non-currentFinancialInstruments 2023-03-31 08440704 core:Non-currentFinancialInstruments 2022-03-31 08440704 core:ShareCapital 2023-03-31 08440704 core:ShareCapital 2022-03-31 08440704 core:RetainedEarningsAccumulatedLosses 2023-03-31 08440704 core:RetainedEarningsAccumulatedLosses 2022-03-31 08440704 core:PlantMachinery 2022-03-31 08440704 core:ToolsEquipment 2022-03-31 08440704 core:OfficeEquipment 2022-03-31 08440704 core:PlantMachinery 2023-03-31 08440704 core:ToolsEquipment 2023-03-31 08440704 core:OfficeEquipment 2023-03-31 08440704 2022-04-01 2023-03-31 08440704 bus:FullAccounts 2022-04-01 2023-03-31 08440704 bus:SmallEntities 2022-04-01 2023-03-31 08440704 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08440704 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08440704 bus:Director1 2022-04-01 2023-03-31 08440704 bus:Director2 2022-04-01 2023-03-31 08440704 core:PlantMachinery 2022-04-01 2023-03-31 08440704 core:ToolsEquipment core:TopRangeValue 2022-04-01 2023-03-31 08440704 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 08440704 2021-04-01 2022-03-31 08440704 core:ToolsEquipment 2022-04-01 2023-03-31 08440704 core:OfficeEquipment 2022-04-01 2023-03-31 08440704 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 08440704 (England and Wales)

CHRIS GRUBE SAILING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CHRIS GRUBE SAILING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CHRIS GRUBE SAILING LIMITED

BALANCE SHEET

As at 31 March 2023
CHRIS GRUBE SAILING LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 33,828 20,238
33,828 20,238
Current assets
Debtors 4 27,444 19,693
Cash at bank and in hand 79,008 49,310
106,452 69,003
Creditors: amounts falling due within one year 5 ( 92,906) ( 48,241)
Net current assets 13,546 20,762
Total assets less current liabilities 47,374 41,000
Creditors: amounts falling due after more than one year 6 ( 21,667) ( 41,667)
Provision for liabilities ( 6,427) ( 3,845)
Net assets/(liabilities) 19,280 ( 4,512)
Capital and reserves
Called-up share capital 2 2
Profit and loss account 19,278 ( 4,514 )
Total shareholders' funds/(deficit) 19,280 ( 4,512)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Chris Grube Sailing Limited (registered number: 08440704) were approved and authorised for issue by the Board of Directors on 29 November 2023. They were signed on its behalf by:

C Grube
Director
CHRIS GRUBE SAILING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CHRIS GRUBE SAILING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chris Grube Sailing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Tools and equipment 3 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Tangible assets

Plant and machinery Tools and equipment Office equipment Total
£ £ £ £
Cost
At 01 April 2022 51,312 17,070 1,318 69,700
Additions 27,100 0 0 27,100
Disposals 0 ( 5,963) 0 ( 5,963)
At 31 March 2023 78,412 11,107 1,318 90,837
Accumulated depreciation
At 01 April 2022 42,692 5,452 1,318 49,462
Charge for the financial year 9,916 1,416 0 11,332
Disposals 0 ( 3,785) 0 ( 3,785)
At 31 March 2023 52,608 3,083 1,318 57,009
Net book value
At 31 March 2023 25,804 8,024 0 33,828
At 31 March 2022 8,620 11,618 0 20,238

4. Debtors

2023 2022
£ £
Trade debtors 27,444 19,693

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 0
Taxation and social security 23,867 3,298
Other creditors 59,039 44,943
92,906 48,241

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 21,667 41,667

There are no amounts included above in respect of which any security has been given by the small entity.