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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
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Reality Sailing Ltd Company Information for the year ended 31 December 2023
Director
J Naimark-Rowse
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
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Reality Sailing Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,454 
1,509 
Current assets
Debtors
2,679 
7,704 
Cash at bank and in hand
23,889 
15,078 
26,568 
22,782 
Creditors: amounts falling due within one year
(16,156)
(12,107)
Net current assets
10,412 
10,675 
Net assets
17,866 
12,184 
Capital and reserves
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
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Reality Sailing Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
4
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 
Depreciation
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 
Net book value
At 31 December 2023
5,126 
2,328 
7,454 
At 31 December 2022
934 
575 
1,509 
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Reality Sailing Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,679 
- 
Accrued income and prepayments
- 
7,704 
2,679 
7,704 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,723 
- 
Taxes and social security
9,002 
10,200 
Loans from directors
4,331 
807 
Accruals
1,100 
1,100 
16,156 
12,107 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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