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Registered Number: 07306503
England and Wales

 

 

 

ESSENTIAL SAILING LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director Richard Anthony Reeves
Registered Number 07306503
Registered Office Suite G04 1 Quality Court
Chancery Lane
London
WC2A 1HR
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Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 July 2023
Principal activities
Principal activity of the company during the financial year was of sailing holidays.
Director
The director who served the company throughout the year was as follows:
Richard Anthony Reeves

On behalf of the board.


----------------------------------
Richard Anthony Reeves
Director

Date approved: 08 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Current assets      
Cash at bank and in hand 85    174 
Creditors: amount falling due within one year 3 (335,028)   (332,167)
Net current liabilities (334,943)   (331,993)
 
Total assets less current liabilities (334,943)   (331,993)
Net liabilities (334,943)   (331,993)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (334,944)   (331,994)
Shareholder's funds (334,943)   (331,993)
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 08 March 2024 and were signed by:


-------------------------------
Richard Anthony Reeves
Director
3
General Information
Essential Sailing Ltd is a private company, limited by shares, registered in England and Wales, registration number 07306503, registration address Suite G04 1 Quality Court, Chancery Lane, London, WC2A 1HR.

The presentation currency is £ sterling.
1.

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.
Going concern basis
The company meets its day to day working capital requirements partially through the support of its creditors. The director has considered the projected cash flow information for the company during the foreseeable post year-end period. On the basis of this cash flow information and discussions with the companys creditors, the director considers that the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to this matter. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the company's creditors.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Creditors: amount falling due within one year

2023
£
  2022
£
Accrued Expenses 858    780 
Other Creditors 28,330    28,330 
Directors' Current Accounts 305,840    303,057 
335,028    332,167 

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