Silverfin false false 27/02/2024 28/02/2023 27/02/2024 Mr B L Cornish 10/02/2018 19 November 2024 The principal activity of the Company during the financial year was Sailing and other Activities. 11200620 2024-02-27 11200620 bus:Director1 2024-02-27 11200620 2023-02-27 11200620 core:CurrentFinancialInstruments 2024-02-27 11200620 core:CurrentFinancialInstruments 2023-02-27 11200620 core:ShareCapital 2024-02-27 11200620 core:ShareCapital 2023-02-27 11200620 core:RetainedEarningsAccumulatedLosses 2024-02-27 11200620 core:RetainedEarningsAccumulatedLosses 2023-02-27 11200620 core:OtherPropertyPlantEquipment 2023-02-27 11200620 core:OtherPropertyPlantEquipment 2024-02-27 11200620 2023-02-28 2024-02-27 11200620 bus:FilletedAccounts 2023-02-28 2024-02-27 11200620 bus:SmallEntities 2023-02-28 2024-02-27 11200620 bus:AuditExemptWithAccountantsReport 2023-02-28 2024-02-27 11200620 bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 11200620 bus:Director1 2023-02-28 2024-02-27 11200620 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-02-28 2024-02-27 11200620 2022-02-28 2023-02-27 11200620 core:OtherPropertyPlantEquipment 2023-02-28 2024-02-27 iso4217:GBP xbrli:pure

Company No: 11200620 (England and Wales)

BEN CORNISH SAILING LIMITED

Unaudited Financial Statements
For the financial year ended 27 February 2024
Pages for filing with the registrar

BEN CORNISH SAILING LIMITED

Unaudited Financial Statements

For the financial year ended 27 February 2024

Contents

BEN CORNISH SAILING LIMITED

BALANCE SHEET

As at 27 February 2024
BEN CORNISH SAILING LIMITED

BALANCE SHEET (continued)

As at 27 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 604 1,161
604 1,161
Current assets
Debtors 4 121 0
Cash at bank and in hand 2,965 7,397
3,086 7,397
Creditors: amounts falling due within one year 5 ( 1,516) ( 4,342)
Net current assets 1,570 3,055
Total assets less current liabilities 2,174 4,216
Net assets 2,174 4,216
Capital and reserves
Called-up share capital 1 1
Profit and loss account 2,173 4,215
Total shareholder's funds 2,174 4,216

For the financial year ending 27 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ben Cornish Sailing Limited (registered number: 11200620) were approved and authorised for issue by the Director on 19 November 2024. They were signed on its behalf by:

Mr B L Cornish
Director
BEN CORNISH SAILING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 27 February 2024
BEN CORNISH SAILING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 27 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ben Cornish Sailing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 28 February 2023 16,050 16,050
At 27 February 2024 16,050 16,050
Accumulated depreciation
At 28 February 2023 14,889 14,889
Charge for the financial year 557 557
At 27 February 2024 15,446 15,446
Net book value
At 27 February 2024 604 604
At 27 February 2023 1,161 1,161

4. Debtors

2024 2023
£ £
Other debtors 121 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 2,478
Other creditors 1,516 1,864
1,516 4,342