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REGISTERED NUMBER: 07843397 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Yacht Protect Services Limited

Yacht Protect Services Limited (Registered number: 07843397)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yacht Protect Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T Pooley
N P Murry





REGISTERED OFFICE: 5 Hunters Court
Stalybridge
Cheshire
SK15 2UH





REGISTERED NUMBER: 07843397 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Yacht Protect Services Limited (Registered number: 07843397)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,084 6,263

CURRENT ASSETS
Debtors 5 8,552 725
Investments 6 100,000 -
Cash at bank 67,037 125,153
175,589 125,878
CREDITORS
Amounts falling due within one year 7 80,824 70,015
NET CURRENT ASSETS 94,765 55,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,849

62,126

PROVISIONS FOR LIABILITIES 410 410
NET ASSETS 108,439 61,716

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 107,939 61,216
SHAREHOLDERS' FUNDS 108,439 61,716

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

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

The directors acknowledge their 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.

Yacht Protect Services Limited (Registered number: 07843397)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





N P Murry - Director


Yacht Protect Services Limited (Registered number: 07843397)

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

1. STATUTORY INFORMATION

Yacht Protect Services Limited 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Yacht Protect Services Limited (Registered number: 07843397)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 2,969 8,784 11,753
Additions 9,207 1,780 10,987
At 31 December 2023 12,176 10,564 22,740
DEPRECIATION
At 1 January 2023 853 4,637 5,490
Charge for year 2,277 889 3,166
At 31 December 2023 3,130 5,526 8,656
NET BOOK VALUE
At 31 December 2023 9,046 5,038 14,084
At 31 December 2022 2,116 4,147 6,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,398 -
Other debtors - 324
VAT 1,154 401
8,552 725

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 100,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 15,766
Tax 25,272 24,450
Social security and other taxes 4,388 1,858
Other creditors 1,050 306
Directors' current accounts 5,015 10,794
Accrued expenses 45,099 16,841
80,824 70,015

Yacht Protect Services Limited (Registered number: 07843397)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
300 Ordinary A Shares £1 300 300
200 Ordinary B Shares £1 200 200
500 500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
T Pooley
Balance outstanding at start of year (5,099 ) 2,835
Amounts advanced - 16,979
Amounts repaid 5,099 (24,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (5,099 )

N P Murry
Balance outstanding at start of year (5,696 ) 1,642
Amounts advanced - 5,728
Amounts repaid 5,696 (13,066 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (5,696 )