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Company Registration No. 13916758 (England and Wales)
Gentoo Sailing Team Limited Unaudited accounts for the year ended 31 December 2023
Gentoo Sailing Team Limited Unaudited accounts Contents
Page
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Gentoo Sailing Team Limited Company Information for the year ended 31 December 2023
Director
James Andrew Harayda
Company Number
13916758 (England and Wales)
Registered Office
4 Park Road Richmond TW10 6NS
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Gentoo Sailing Team Limited Accountants' report
Accountants' report to the director of Gentoo Sailing Team Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gentoo Sailing Team Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gentoo Sailing Team Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gentoo Sailing Team Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gentoo Sailing Team Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gentoo Sailing Team Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gentoo Sailing Team Limited. You consider that Gentoo Sailing Team Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gentoo Sailing Team Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 3 April 2024
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Gentoo Sailing Team Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
654,986 
669,017 
Current assets
Debtors
31,857 
13,739 
Cash at bank and in hand
20,051 
11,578 
51,908 
25,317 
Creditors: amounts falling due within one year
(27,661)
(11,190)
Net current assets
24,247 
14,127 
Total assets less current liabilities
679,233 
683,144 
Creditors: amounts falling due after more than one year
(1,342,178)
(972,677)
Net liabilities
(662,945)
(289,533)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(662,946)
(289,534)
Shareholders' funds
(662,945)
(289,533)
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 18 April 2024 and were signed on its behalf by
James Andrew Harayda Director Company Registration No. 13916758
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Gentoo Sailing Team Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Gentoo Sailing Team Limited is a private company, limited by shares, registered in England and Wales, registration number 13916758. The registered office is 4 Park Road, Richmond, TW10 6NS.
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
10 years
Motor vehicles
20 years
Going concern
The Director has committed to funding the business by virtue of an interest free DLA. The Director has further confirmed that the DLA will not be called up within the next 12 months.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
698,377 
- 
698,377 
Additions
22,959 
500 
23,459 
At 31 December 2023
721,336 
500 
721,836 
Depreciation
At 1 January 2023
29,360 
- 
29,360 
Charge for the year
37,415 
75 
37,490 
At 31 December 2023
66,775 
75 
66,850 
Net book value
At 31 December 2023
654,561 
425 
654,986 
At 31 December 2022
669,017 
- 
669,017 
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Gentoo Sailing Team Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,998 
4,936 
Amounts due from group undertakings etc.
3,024 
564 
Accrued income and prepayments
15,433 
7,837 
31,455 
13,337 
Amounts falling due after more than one year
Other debtors
402 
402 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
27,661 
11,190 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
1,234,086 
942,615 
Loans from directors
108,092 
30,062 
1,342,178 
972,677 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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