Registered number
10877922
WOA Yachting Limited
Unaudited Filleted Accounts
31 July 2023
WOA Yachting Limited
Registered number: 10877922
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 470
Current assets
Debtors 4 55,708 -
Cash at bank and in hand 39,948 80,398
95,656 80,398
Creditors: amounts falling due within one year 5 (5,768) (10,552)
Net current assets 89,888 69,846
Total assets less current liabilities 89,888 70,316
Provisions for liabilities - (89)
Net assets 89,888 70,227
Capital and reserves
Called up share capital 100 100
Profit and loss account 89,788 70,127
Shareholder's funds 89,888 70,227
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A W M Hanning -Lee
Director
Approved by the board on 4 April 2024
WOA Yachting Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 years on cost
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 2,350
At 31 July 2023 2,350
Depreciation
At 1 August 2022 1,880
Charge for the year 470
At 31 July 2023 2,350
Net book value
At 31 July 2023 -
At 31 July 2022 470
4 Debtors 2023 2022
£ £
Other debtors 55,708 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 250 220
Taxation and social security costs 4,701 9,515
Other creditors 817 817
5,768 10,552
6 Other information
WOA Yachting Limited is a private company limited by shares and incorporated in England. Its registered office is:
64 Lewin Street
Middlewich
Cheshire
CW10 9AS
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