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REGISTERED NUMBER: 05010865 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Stephen Ratsey Sailmakers Limited

Stephen Ratsey Sailmakers Limited (Registered number: 05010865)






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


Stephen Ratsey Sailmakers Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Williams





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 05010865 (England and Wales)

Stephen Ratsey Sailmakers Limited (Registered number: 05010865)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,650 15,563

CURRENT ASSETS
Stocks 84,823 74,866
Debtors 5 36,584 39,203
Cash at bank and in hand 55,975 83,998
177,382 198,067
CREDITORS
Amounts falling due within one year 6 59,584 76,003
NET CURRENT ASSETS 117,798 122,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,448

137,627

PROVISIONS FOR LIABILITIES 3,353 2,957
NET ASSETS 132,095 134,670

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,995 134,570
SHAREHOLDERS' FUNDS 132,095 134,670

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 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.

Stephen Ratsey Sailmakers Limited (Registered number: 05010865)

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 director and authorised for issue on 3 July 2024 and were signed by:





D Williams - Director


Stephen Ratsey Sailmakers Limited (Registered number: 05010865)

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

1. STATUTORY INFORMATION

Stephen Ratsey Sailmakers 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 and Straight line over 3 years
Motor vehicles - 25% on reducing balance
Office Equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 January 2023 35,953 21,500 15,065 72,518
Additions 6,700 - - 6,700
At 31 December 2023 42,653 21,500 15,065 79,218
DEPRECIATION
At 1 January 2023 35,072 8,766 13,117 56,955
Charge for year 1,137 3,184 292 4,613
At 31 December 2023 36,209 11,950 13,409 61,568
NET BOOK VALUE
At 31 December 2023 6,444 9,550 1,656 17,650
At 31 December 2022 881 12,734 1,948 15,563

Stephen Ratsey Sailmakers Limited (Registered number: 05010865)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 36,584 39,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 34,406 40,671
Tax 4,864 14,391
Social security and other taxes 2,057 979
VAT 14,217 17,388
Directors' current accounts 1,569 324
Accrued expenses 2,471 2,250
59,584 76,003

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
D Williams
Balance outstanding at start of year (324 ) (13,824 )
Amounts advanced - 13,500
Amounts repaid (1,245 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,569 ) (324 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Williams.