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REGISTERED NUMBER: 09467150 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

SUPERYACHT SERVICES LIMITED

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPERYACHT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: D A Westwood
Mrs L S Westwood





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 09467150 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,647 37,792

CURRENT ASSETS
Debtors 5 68,603 34,294
Cash at bank 368,439 331,369
437,042 365,663
CREDITORS
Amounts falling due within one year 6 278,348 302,561
NET CURRENT ASSETS 158,694 63,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,341

100,894

PROVISIONS FOR LIABILITIES 18,565 9,063
NET ASSETS 215,776 91,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 215,676 91,731
SHAREHOLDERS' FUNDS 215,776 91,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2024 and were signed on its behalf by:





D A Westwood - Director


SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Superyacht 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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 ) .

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023 9,102 1,367 19,016
Additions - - 6,916
At 31st December 2023 9,102 1,367 25,932
DEPRECIATION
At 1st January 2023 3,279 934 14,191
Charge for year 582 109 2,936
At 31st December 2023 3,861 1,043 17,127
NET BOOK VALUE
At 31st December 2023 5,241 324 8,805
At 31st December 2022 5,823 433 4,825

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 71,523 8,422 109,430
Additions 51,650 3,347 61,913
At 31st December 2023 123,173 11,769 171,343
DEPRECIATION
At 1st January 2023 49,403 3,831 71,638
Charge for year 18,445 1,986 24,058
At 31st December 2023 67,848 5,817 95,696
NET BOOK VALUE
At 31st December 2023 55,325 5,952 75,647
At 31st December 2022 22,120 4,591 37,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,899 19,582
Other debtors 18,704 14,712
68,603 34,294

SUPERYACHT SERVICES LIMITED (REGISTERED NUMBER: 09467150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,917
Trade creditors 9,600 5,400
Taxation and social security 120,619 147,435
Other creditors 148,129 146,809
278,348 302,561

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
D A Westwood and Mrs L S Westwood
Balance outstanding at start of year (1,327 ) 92,353
Amounts advanced 359,520 455,392
Amounts repaid (347,546 ) (549,072 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,647 (1,327 )