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REGISTERED NUMBER: 08319729 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Kayaks & Paddles (Manchester) Limited

Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Kayaks & Paddles (Manchester) Limited

COMPANY INFORMATION
for the year ended 31 December 2023







Directors: Mr C B Dyer
Mr S D Longdon
Mrs J Dyer
Mrs H Longdon





Registered office: Unit 1 & 2 Richmond Place
Central Avenue
Lee Mill Industrial Estate
Ivybridge
Devon
PL21 9RL





Business address: Unit 4
Cranford Court
Hardwick Grange
Warrington
Cheshire
WA1 4RX





Registered number: 08319729 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,555 6,882

Current assets
Stocks 201,266 211,425
Debtors 5 830,527 853,195
Cash at bank and in hand 204,652 171,628
1,236,445 1,236,248
Creditors
Amounts falling due within one year 6 781,683 777,196
Net current assets 454,762 459,052
Total assets less current liabilities 459,317 465,934

Provisions for liabilities 7 1,100 1,300
Net assets 458,217 464,634

Capital and reserves
Called up share capital 8 1 1
Retained earnings 458,216 464,633
Shareholders' funds 458,217 464,634

Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)

BALANCE SHEET - continued
31 December 2023


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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr C B Dyer - Director


Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Kayaks & Paddles (Manchester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number, business address 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer.

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 - straight line over the term of the lease
Motor vehicles - 25% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 34,686 5,835 40,521
Depreciation
At 1 January 2023 31,573 2,066 33,639
Charge for year 1,384 943 2,327
At 31 December 2023 32,957 3,009 35,966
Net book value
At 31 December 2023 1,729 2,826 4,555
At 31 December 2022 3,113 3,769 6,882

Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 791,620 779,551
Other debtors 38,907 73,644
830,527 853,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,557 2,688
Taxation and social security 8,320 23,296
Other creditors 762,806 751,212
781,683 777,196

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,100 1,300

Deferred
tax
£   
Balance at 1 January 2023 1,300
Provided during year (200 )
Balance at 31 December 2023 1,100

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary share £1 1 1

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £43,750 (2022 - £78,750). This represents rents payable for the period up to 31 March 2025.

Kayaks & Paddles (Manchester) Limited (Registered number: 08319729)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. ULTIMATE CONTROLLING PARTY

Kayaks and Paddles (Manchester) Limited is a 100% subsidiary of Canoe Shops UK (2014) Limited, registered office Unit 1&2 Richmond Place, Central Avenue, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9RL.

The ultimate controlling party is C B Dyer, Mrs J Dyer, S D Longdon and Mrs H Longdon by virtue of their 100% shareholding in Canoe Shops UK (2014) Limited.