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REGISTERED NUMBER: 04541696 (England and Wales)












SHORELINE YACHT TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHORELINE YACHT TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Ms S A White
P A White
M O White





REGISTERED OFFICE: Colthrop Lane
Thatcham
Barks
Reading
Berkshire
RG19 4NT





REGISTERED NUMBER: 04541696 (England and Wales)

SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 2,586,708 1,991,832

CURRENT ASSETS
Debtors 5 1,013,974 299,172
Cash at bank and in hand 808,043 910,235
1,822,017 1,209,407
CREDITORS
Amounts falling due within one year 6 (3,367,215 ) (2,652,746 )
NET CURRENT LIABILITIES (1,545,198 ) (1,443,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,041,510

548,493

CREDITORS
Amounts falling due after more than one
year

7

(223,351

)

(13,515

)

PROVISIONS FOR LIABILITIES (229,668 ) (94,850 )
NET ASSETS 588,491 440,128

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 588,391 440,028
588,491 440,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





P A White - Director


SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Shoreline Yacht Transport Limited 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 FRS 102 "The Financial Reporting
Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional
disclosure is required to show a true and fair view.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% Straight line
Fixtures and fittings - 15% Reducing balance
Motor vehicles - 25% Reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 5 ) .

SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 October 2022 1,500,775 34,373 10,252 621,566 2,166,966
Additions 11,959 23,536 3,037 678,124 716,656
Disposals - - - (12,125 ) (12,125 )
At 30 September 2023 1,512,734 57,909 13,289 1,287,565 2,871,497
DEPRECIATION
At 1 October 2022 - 6,544 80 168,510 175,134
Charge for year - 7,915 1,652 100,593 110,160
Eliminated on disposal - - - (505 ) (505 )
At 30 September 2023 - 14,459 1,732 268,598 284,789
NET BOOK VALUE
At 30 September 2023 1,512,734 43,450 11,557 1,018,967 2,586,708
At 30 September 2022 1,500,775 27,829 10,172 453,056 1,991,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 872,223 187,874
Other debtors 141,751 111,298
1,013,974 299,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 102,682 10,136
Trade creditors 415,087 134,606
Amounts owed to group undertakings 2,615,447 2,442,173
Taxation and social security 135,123 9,060
Other creditors 98,876 56,771
3,367,215 2,652,746

SHORELINE YACHT TRANSPORT LIMITED (REGISTERED NUMBER: 04541696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts 223,351 13,515

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 326,033 23,651