2022-09-01 2023-08-31 false Capium Accounts Production 1.1 08567922 bus:FullAccounts 2022-09-01 2023-08-31 08567922 bus:FRS102 2022-09-01 2023-08-31 08567922 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08567922 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08567922 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08567922 2022-09-01 2023-08-31 08567922 2023-08-31 08567922 bus:RegisteredOffice 2022-09-01 2023-08-31 08567922 core:WithinOneYear 2023-08-31 08567922 core:AfterOneYear 2023-08-31 08567922 bus:Director1 2022-09-01 2023-08-31 08567922 bus:Director1 2023-08-31 08567922 bus:Director1 2021-09-01 2022-08-31 08567922 2021-09-01 08567922 bus:LeadAgentIfApplicable 2022-09-01 2023-08-31 08567922 2021-09-01 2022-08-31 08567922 2022-08-31 08567922 core:WithinOneYear 2022-08-31 08567922 core:AfterOneYear 2022-08-31 08567922 bus:EntityAccountantsOrAuditors 2021-09-01 2022-08-31 08567922 core:ComputerEquipment 2022-09-01 2023-08-31 08567922 core:ComputerEquipment 2023-08-31 08567922 core:ComputerEquipment 2022-08-31 08567922 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 08567922 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-08-31 08567922 core:NetGoodwill 2022-09-01 2023-08-31 08567922 core:NetGoodwill 2023-08-31 08567922 core:NetGoodwill 2022-08-31 08567922 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 08567922 core:CostValuation core:Non-currentFinancialInstruments 2022-08-31 08567922 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-08-31 08567922 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-08-31 08567922 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-08-31 08567922 core:Non-currentFinancialInstruments 2023-08-31 08567922 core:Non-currentFinancialInstruments 2022-08-31 08567922 core:ShareCapital 2023-08-31 08567922 core:ShareCapital 2022-08-31 08567922 core:RetainedEarningsAccumulatedLosses 2023-08-31 08567922 core:RetainedEarningsAccumulatedLosses 2022-08-31 08567922 dpl:Item1 2022-09-01 08567922 dpl:Item1 2023-08-31 08567922 dpl:Item1 2021-09-01 08567922 dpl:Item1 2022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08567922
England and Wales

 

 

 

YACHT SALES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Director Matthew Greig Shave
Registered Number 08567922
Registered Office 21 Waterfront
Brighton Marina Village
Brighton
BN2 5WA
Accountants Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
1
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 August 2023



....................................................
Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
05 October 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 898   
898   
Current assets      
Stocks 5 442,500    300,000 
Debtors 6 488,483    319,554 
Cash at bank and in hand (9,676)   103,301 
921,307    722,855 
Creditors: amount falling due within one year 7 (1,031,527)   (886,920)
Net current assets (110,220)   (164,065)
 
Total assets less current liabilities (109,322)   (164,065)
Net assets (109,322)   (164,065)
 

Capital and reserves
     
Called up share capital 105    105 
Profit and loss account (109,427)   (164,170)
Shareholders' funds (109,322)   (164,065)
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 05 October 2024 and were signed by:


-------------------------------
Matthew Greig Shave
Director
3
General Information
Yacht Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 08567922, registration address 21 Waterfront, Brighton Marina Village, Brighton, BN2 5WA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 September 2022 150,000    150,000 
Additions  
Disposals  
At 31 August 2023 150,000    150,000 
Amortisation
At 01 September 2022 150,000    150,000 
Charge for year  
On disposals  
At 31 August 2023 150,000    150,000 
Net book values
At 31 August 2023  
At 31 August 2022  


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 September 2022 1,871    1,871 
Additions  
Disposals  
At 31 August 2023 1,871    1,871 
Depreciation
At 01 September 2022 808    808 
Charge for year 165    165 
On disposals  
At 31 August 2023 973    973 
Net book values
Closing balance as at 31 August 2023 898    898 
Opening balance as at 01 September 2022  


5.

Stocks

2023
£
  2022
£
Stocks 442,500    300,000 
442,500    300,000 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 77,980    93,852 
Ancasta Palma Shareholding 100,000    100,000 
Prepayments & Accrued Income 3,696   
Other Debtors 306,752    125,647 
Share Allot. money receivable 55    55 
488,483    319,554 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 38,052    67,294 
Bank Loans & Overdrafts 28,271    38,070 
Mad Capital Loan 348,500    201,500 
PAYE & Social Security 24,032    44,707 
Accrued Expenses 750    750 
Selected Options Ltd 468,151    316,151 
AIBS YSL 2,069    20,565 
Pensions control accounts 645    5,409 
Wages & Salaries Control Account 7,985    (58)
Directors' Current Accounts 59,875    134,042 
VAT 53,197    58,490 
1,031,527    886,920 

4