Kingsbridge Salcombe Ferry Company Limited 10785912 false 2023-02-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of ferry services. Digita Accounts Production Advanced 6.30.9574.0 true 10785912 2023-02-01 2024-03-31 10785912 2024-03-31 10785912 core:RetainedEarningsAccumulatedLosses 2024-03-31 10785912 core:ShareCapital 2024-03-31 10785912 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10785912 bus:SmallEntities 2023-02-01 2024-03-31 10785912 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-03-31 10785912 bus:FullAccounts 2023-02-01 2024-03-31 10785912 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 10785912 bus:RegisteredOffice 2023-02-01 2024-03-31 10785912 bus:Director1 2023-02-01 2024-03-31 10785912 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 10785912 1 2023-02-01 2024-03-31 10785912 countries:EnglandWales 2023-02-01 2024-03-31 10785912 2023-01-31 10785912 2022-02-01 2023-01-31 10785912 2023-01-31 10785912 core:RetainedEarningsAccumulatedLosses 2023-01-31 10785912 core:ShareCapital 2023-01-31 10785912 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 10785912

Kingsbridge Salcombe Ferry Company Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 February 2023 to 31 March 2024

 

Kingsbridge Salcombe Ferry Company Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Kingsbridge Salcombe Ferry Company Limited

(Registration number: 10785912)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

383

498

Current assets

 

Debtors

6,937

2,348

Cash at bank and in hand

 

1,166

20,216

 

8,103

22,564

Creditors: Amounts falling due within one year

(5,820)

(7,776)

Net current assets

 

2,283

14,788

Net assets

 

2,666

15,286

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

2,656

15,276

Total equity

 

2,666

15,286

For the financial period ending 31 March 2024 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 of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 August 2024
 

Mr R J Martin

Director

 

Kingsbridge Salcombe Ferry Company Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Gardeners Cottage
Tithe Hill
Churchstow
Kingsbridge
Devon
TQ7 3QZ

These financial statements were authorised for issue by the director on 19 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts have been prepared for the period from 01 February 2023 to 31 March 2024, this is slightly longer due to the company aligning their year end with the self-assessment year end.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Kingsbridge Salcombe Ferry Company Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2023 to 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 8 (2023 - 8).

4

Tangible assets

Total
£

Cost or valuation

At 1 February 2023

779

At 31 March 2024

779

Depreciation

At 1 February 2023

280

Charge for the year

116

At 31 March 2024

396

Carrying amount

At 31 March 2024

383

At 31 January 2023

498