Wroxham Marine Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Station Court, Station Approach, Wickford, Essex, SS11 7AT.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
The average monthly number of persons (including directors) employed by the company during the year was:
Cost or valuation at 30 September 2023 is represented by:
Freehold Plant & Mould
property machinery tools
£ £ £
Valuation in 1997 - - 50,000
Valuation in 2016 - - 50,000
Valuation in 2020 300,422 40,618 399,878
Cost 285,578 10,132 114,720
586,000 50,750 614,598
Fixture
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Valuation in 1997 - - - 50,000
Valuation in 2016 - - - 50,000
Valuation in 2020 - - - 740,918
Cost 9,818 36,023 15,899 472,170
9,174 36,023 15,899 1,313,088
Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor vehicles
£
COST OR VALUATION
At 1 October 2022 22,135
Auditions -
Disposals -
At 30 September 2023 22,135
DEPRECIATION
At 1 October 2022 9,684
Charge for year 3,113
At 30 September 2023 12,797
NET BOOK VALUE
At 30 September 2022 12,451
At 30 September 2023 9,338
Property, machinery and tools were valued on an open market basis on 30 September 2023 by the directors.
The bank overdraft has fixed and floating charges secured over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.
The hire purchase is secured on the asset itself.
SECURED DEBTS
The following secured debts are included within creditors:
2023 2022
£ £
Bank overdraft 79,036 72,605
Hire purchase contracts 10,409 13,398
89,445 86,003