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Company Registration No. 07228700 (England and Wales)
Yacht Intelligence Limited Unaudited accounts for the year ended 30 March 2024
Yacht Intelligence Limited Unaudited accounts Contents
Page
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Yacht Intelligence Limited Company Information for the year ended 30 March 2024
Director
Mr Alan A Bernardi
Company Number
07228700 (England and Wales)
Registered Office
Unit C, Belmore Hill Court Owslebury Winchester Hampshire SO21 1JW
Accountants
Karen A Sennitt FCA CTA The Newport Newport Lane, Braishfield Romsey Hampshire SO51 0PL
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Yacht Intelligence Limited Statement of financial position as at 30 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,438 
8,153 
Current assets
Inventories
140,410 
67,582 
Debtors
91,165 
86,509 
Cash at bank and in hand
906,855 
911,631 
1,138,430 
1,065,722 
Creditors: amounts falling due within one year
(205,155)
(158,960)
Net current assets
933,275 
906,762 
Net assets
941,713 
914,915 
Capital and reserves
Called up share capital
90 
90 
Profit and loss account
941,623 
914,825 
Shareholders' funds
941,713 
914,915 
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2024 and were signed on its behalf by
Mr Alan A Bernardi Director Company Registration No. 07228700
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Yacht Intelligence Limited Notes to the Accounts for the year ended 30 March 2024
1
Statutory information
Yacht Intelligence Limited is a private company, limited by shares, registered in England and Wales, registration number 07228700. The registered office is Unit C, Belmore Hill Court, Owslebury, Winchester, Hampshire, SO21 1JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stock and work in progress
Stock and work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Yacht Intelligence Limited Notes to the Accounts for the year ended 30 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 31 March 2023
19,898 
10,722 
23,021 
53,641 
Additions
- 
3,453 
5,487 
8,940 
Disposals
- 
- 
(10,764)
(10,764)
At 30 March 2024
19,898 
14,175 
17,744 
51,817 
Depreciation
At 31 March 2023
16,396 
9,928 
19,164 
45,488 
Charge for the year
1,725 
1,909 
3,654 
7,288 
On disposals
- 
- 
(9,397)
(9,397)
At 30 March 2024
18,121 
11,837 
13,421 
43,379 
Net book value
At 30 March 2024
1,777 
2,338 
4,323 
8,438 
At 30 March 2023
3,502 
794 
3,857 
8,153 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
14,713 
24,301 
Trade debtors
16,126 
- 
Amounts due from group undertakings etc.
18,985 
15,165 
Accrued income and prepayments
12,217 
- 
Other debtors
29,124 
47,043 
91,165 
86,509 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,760 
16,241 
Trade creditors
61,150 
26,080 
Taxes and social security
112,272 
109,462 
Other creditors
662 
489 
Loans from directors
811 
- 
Accruals
12,500 
6,688 
205,155 
158,960 
7
Transactions with related parties
As at 30 March 2023 Yacht Intelligence Ltd was owed £18,985 (2023: £15,165) by Airship Ltd included within other debtors due within one year. Yacht Intelligence Ltd and Airship Ltd are both controlled by Mr Alan A Bernardi the 100% shareholder.
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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