IRIS Accounts Production v24.1.4.33 SC658387 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6583872023-03-31SC6583872024-03-31SC6583872023-04-012024-03-31SC6583872022-03-31SC6583872022-04-012023-03-31SC6583872023-03-31SC658387ns15:Scotland2023-04-012024-03-31SC658387ns14:PoundSterling2023-04-012024-03-31SC658387ns10:Director12023-04-012024-03-31SC658387ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC658387ns10:SmallEntities2023-04-012024-03-31SC658387ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC658387ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC658387ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC658387ns10:FullAccounts2023-04-012024-03-31SC658387ns10:OrdinaryShareClass12023-04-012024-03-31SC658387ns10:RegisteredOffice2023-04-012024-03-31SC658387ns5:CurrentFinancialInstruments2024-03-31SC658387ns5:CurrentFinancialInstruments2023-03-31SC658387ns5:ShareCapital2024-03-31SC658387ns5:ShareCapital2023-03-31SC658387ns5:RetainedEarningsAccumulatedLosses2024-03-31SC658387ns5:RetainedEarningsAccumulatedLosses2023-03-31SC658387ns5:PlantMachinery2023-04-012024-03-31SC658387ns5:PlantMachinery2023-03-31SC658387ns5:PlantMachinery2024-03-31SC658387ns5:PlantMachinery2023-03-31SC658387ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC658387ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC658387ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC658387 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

Uk Sailing Limited

Uk Sailing Limited (Registered number: SC658387)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Uk Sailing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms P Pucholtova





REGISTERED OFFICE: Largs Yacht Haven Irvine Road
North Ayrshire
Largs
KA30 8EZ





REGISTERED NUMBER: SC658387 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Uk Sailing Limited (Registered number: SC658387)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,732 28,184

CURRENT ASSETS
Debtors 5 4,750 1,893
Cash at bank 3,929 22,488
8,679 24,381
CREDITORS
Amounts falling due within one year 6 2,684 13,701
NET CURRENT ASSETS 5,995 10,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,727

38,864

PROVISIONS FOR LIABILITIES 4,103 6,025
NET ASSETS 28,624 32,839

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 28,623 32,838
SHAREHOLDERS' FUNDS 28,624 32,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Uk Sailing Limited (Registered number: SC658387)

Balance Sheet - continued
31 March 2024


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 5 September 2024 and were signed by:





Ms P Pucholtova - Director


Uk Sailing Limited (Registered number: SC658387)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Uk Sailing Limited is a private company, limited by shares , registered in Scotland. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services provided during the accounting period, which include chartering of boats and income from sailing instruction, which at the balance sheet date have not been billed, have been recognised as revenue. Revenue is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 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.

Uk Sailing Limited (Registered number: SC658387)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 42,750
Additions 3,000
At 31 March 2024 45,750
DEPRECIATION
At 1 April 2023 14,566
Charge for year 4,452
At 31 March 2024 19,018
NET BOOK VALUE
At 31 March 2024 26,732
At 31 March 2023 28,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,750 1,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 2,559
Other creditors 2,684 11,142
2,684 13,701

Uk Sailing Limited (Registered number: SC658387)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1