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REGISTERED NUMBER: 12118036 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

COMITTI BOATS UK LTD

COMITTI BOATS UK LTD (REGISTERED NUMBER: 12118036)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMITTI BOATS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Dr K J Dickens





REGISTERED OFFICE: 2 Englemere Englemere Estate
Kings Ride
Ascot
United Kingdom
SL5 8AE





REGISTERED NUMBER: 12118036 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

COMITTI BOATS UK LTD (REGISTERED NUMBER: 12118036)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 382,943 452,066

CURRENT ASSETS
Stocks 60,076 60,076
Debtors 5 11,248 3,366
Cash at bank 3,021 12,276
74,345 75,718
CREDITORS
Amounts falling due within one year 6 1,611,464 1,432,219
NET CURRENT LIABILITIES (1,537,119 ) (1,356,501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,154,176

)

(904,435

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,154,276 ) (904,535 )
(1,154,176 ) (904,435 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th April 2024 and were signed by:





Dr K J Dickens - Director


COMITTI BOATS UK LTD (REGISTERED NUMBER: 12118036)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Comitti Boats Uk Ltd 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.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1st August 2022 495,091 75,026 3,153 573,270
Additions - - 1,274 1,274
At 31st July 2023 495,091 75,026 4,427 574,544
DEPRECIATION
At 1st August 2022 78,020 41,284 1,900 121,204
Charge for year 50,634 18,756 1,007 70,397
At 31st July 2023 128,654 60,040 2,907 191,601
NET BOOK VALUE
At 31st July 2023 366,437 14,986 1,520 382,943
At 31st July 2022 417,071 33,742 1,253 452,066

COMITTI BOATS UK LTD (REGISTERED NUMBER: 12118036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Social security and other tax - 191
Pension fund 294 -
VAT 10,954 3,175
11,248 3,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Social security and other taxes 200 -
Directors' current accounts 1,609,663 1,430,617
Accrued expenses 1,601 1,602
1,611,464 1,432,219