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REGISTERED NUMBER: 08301610 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Southern Boat Works Ltd

Southern Boat Works Ltd (Registered number: 08301610)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southern Boat Works Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M Chapman





SECRETARY:





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 08301610 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Southern Boat Works Ltd (Registered number: 08301610)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,837

CURRENT ASSETS
Cash at bank 38 797

CREDITORS
Amounts falling due within one year 5 6,500 5,548
NET CURRENT LIABILITIES (6,462 ) (4,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,462

)

(1,914

)

CREDITORS
Amounts falling due after more than
one year

6

(6,154

)

(8,589

)

PROVISIONS FOR LIABILITIES (552 ) (689 )
NET LIABILITIES (13,168 ) (11,192 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (13,178 ) (11,202 )
SHAREHOLDERS' FUNDS (13,168 ) (11,192 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Southern Boat Works Ltd (Registered number: 08301610)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





M Chapman - Director


Southern Boat Works Ltd (Registered number: 08301610)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Southern Boat Works Ltd 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 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.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Southern Boat Works Ltd (Registered number: 08301610)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022 2,155 10,705 12,860
Disposals (2,155 ) (10,705 ) (12,860 )
At 31 October 2023 - - -
DEPRECIATION
At 1 November 2022 1,950 8,073 10,023
Eliminated on disposal (1,950 ) (8,073 ) (10,023 )
At 31 October 2023 - - -
NET BOOK VALUE
At 31 October 2023 - - -
At 31 October 2022 205 2,632 2,837

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Directors' loan accounts 6,122 4,990
Accrued expenses 378 558
6,500 5,548

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans - 2-5 years 6,154 8,589

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors loan account shown on the balance sheet was owed to the director. No interest was charged for this loan and no repayment date has been set.the loan is repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Chapman.