Company Registration No. 13096731 (England and Wales)
Reality Sailing Ltd
Unaudited accounts
for the year ended 31 December 2023
Reality Sailing Ltd
Unaudited accounts
Contents
Reality Sailing Ltd
Company Information
for the year ended 31 December 2023
Company Number
13096731 (England and Wales)
Registered Office
11 Parkhurst Avenue
Bristol
BS16 4AZ
Accountants
RSJ Accountants Ltd
10 Overton Road
Southbourne
Emsworth
Hampshire
PO10 8NN
Reality Sailing Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
7,454
1,509
Cash at bank and in hand
23,889
15,078
Creditors: amounts falling due within one year
(16,156)
(12,107)
Net current assets
10,412
10,675
Called up share capital
1
1
Profit and loss account
17,865
12,183
Shareholders' funds
17,866
12,184
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 29 January 2024 and were signed on its behalf by
J Naimark-Rowse
Director
Company Registration No. 13096731
Reality Sailing Ltd
Notes to the Accounts
for the year ended 31 December 2023
Reality Sailing Ltd is a private company, limited by shares, registered in England and Wales, registration number 13096731. The registered office is 11 Parkhurst Avenue, Bristol, BS16 4AZ.
2
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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% reducing balance
Computer equipment
25% reducing balance
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,495
1,017
2,512
Additions
5,900
2,529
8,429
At 31 December 2023
7,395
3,546
10,941
At 1 January 2023
561
442
1,003
Charge for the year
1,708
776
2,484
At 31 December 2023
2,269
1,218
3,487
At 31 December 2023
5,126
2,328
7,454
At 31 December 2022
934
575
1,509
Reality Sailing Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
-
7,704
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,002
10,200
Loans from directors
4,331
807
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).