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REGISTERED NUMBER: 14125996 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

EAST COAST EXCURSIONS LIMITED

EAST COAST EXCURSIONS LIMITED (REGISTERED NUMBER: 14125996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST COAST EXCURSIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P Hopwood
V Hopwood





REGISTERED OFFICE: 58 Georgian Way
Bridlington
East Yorkshire
YO15 3TB





REGISTERED NUMBER: 14125996 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

EAST COAST EXCURSIONS LIMITED (REGISTERED NUMBER: 14125996)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,120 152,830

CURRENT ASSETS
Debtors 5 3,129 9,140
Cash at bank 34,836 24,997
37,965 34,137
CREDITORS
Amounts falling due within one year 6 125,357 96,161
NET CURRENT LIABILITIES (87,392 ) (62,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,728

90,806

CREDITORS
Amounts falling due after more than one
year

7

(82,416

)

(102,686

)

PROVISIONS FOR LIABILITIES (1,252 ) (29,038 )
NET ASSETS/(LIABILITIES) 60 (40,918 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 59 (40,919 )
SHAREHOLDERS' FUNDS 60 (40,918 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

EAST COAST EXCURSIONS LIMITED (REGISTERED NUMBER: 14125996)

BALANCE SHEET - continued
31 MAY 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 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 6 November 2024 and were signed on its behalf by:




P Hopwood - Director



V Hopwood - Director


EAST COAST EXCURSIONS LIMITED (REGISTERED NUMBER: 14125996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

East Coast Excursions 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 from speedboat hire, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to statement of income and retained earnings
on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

EAST COAST EXCURSIONS LIMITED (REGISTERED NUMBER: 14125996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 174,037
Additions 59,391
Disposals (7,650 )
At 31 May 2024 225,778
DEPRECIATION
At 1 June 2023 21,207
Charge for year 35,381
Eliminated on disposal (1,930 )
At 31 May 2024 54,658
NET BOOK VALUE
At 31 May 2024 171,120
At 31 May 2023 152,830

The net book value of tangible fixed assets includes £ 99,424 (2023 - £ 130,000 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 3,129 9,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 9,475 -
Hire purchase contracts 23,774 19,322
Trade creditors 815 3,324
Other creditors 91,293 73,515
125,357 96,161

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 3,504 -
Hire purchase contracts 78,912 102,686
82,416 102,686

EAST COAST EXCURSIONS LIMITED (REGISTERED NUMBER: 14125996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 12,979 -
Hire purchase contracts 102,686 122,008
115,665 122,008

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £ 1 1 1