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REGISTERED NUMBER: 01126012 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LEA AND STORT CRUISES LIMITED

LEA AND STORT CRUISES LIMITED (REGISTERED NUMBER: 01126012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEA AND STORT CRUISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G F Wilkinson
M J Wilkinson
R A Dejean
A L Wilkinson





SECRETARY: G F Wilkinson





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 01126012 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

LEA AND STORT CRUISES LIMITED (REGISTERED NUMBER: 01126012)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,597 15,097

CURRENT ASSETS
Stocks 5,296 8,919
Debtors 5 15,926 19,058
Cash at bank 255,029 213,515
276,251 241,492
CREDITORS
Amounts falling due within one year 6 131,370 128,334
NET CURRENT ASSETS 144,881 113,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,478

128,255

PROVISIONS FOR LIABILITIES 2,662 2,662
NET ASSETS 154,816 125,593

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 154,216 124,993
SHAREHOLDERS' FUNDS 154,816 125,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

LEA AND STORT CRUISES LIMITED (REGISTERED NUMBER: 01126012)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:




G F Wilkinson - Director



A L Wilkinson - Director


LEA AND STORT CRUISES LIMITED (REGISTERED NUMBER: 01126012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Lea and Stort Cruises 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, net of discounts and value added taxes. Turnover relates to revenue earned from the rent of boat moorings, sale of goods and other services undertaken by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Improvements to rented property - over the period of the lease
Plant and equipment - 15% on reducing balance
Computer equipment - 25% on cost
Motor vehicles - 20% on reducing balance

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and selling price less costs to complete and selling costs, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Operating lease payments are recognised as an expense on a straight line basis over the lease term.

LEA AND STORT CRUISES LIMITED (REGISTERED NUMBER: 01126012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Improvements
and to rented Plant and
fittings property equipment
£    £    £   
COST
At 1 May 2023 8,488 27,148 28,359
Additions - - -
Disposals - - -
At 30 April 2024 8,488 27,148 28,359
DEPRECIATION
At 1 May 2023 5,011 27,148 19,161
Charge for year 696 - 1,380
Eliminated on disposal - - -
At 30 April 2024 5,707 27,148 20,541
NET BOOK VALUE
At 30 April 2024 2,781 - 7,818
At 30 April 2023 3,477 - 9,198

Computer Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 9,593 13,870 87,458
Additions 845 - 845
Disposals (417 ) - (417 )
At 30 April 2024 10,021 13,870 87,886
DEPRECIATION
At 1 May 2023 7,422 13,619 72,361
Charge for year 1,219 50 3,345
Eliminated on disposal (417 ) - (417 )
At 30 April 2024 8,224 13,669 75,289
NET BOOK VALUE
At 30 April 2024 1,797 201 12,597
At 30 April 2023 2,171 251 15,097

LEA AND STORT CRUISES LIMITED (REGISTERED NUMBER: 01126012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56 5,335
Prepayments and accrued income 15,370 13,723
Other debtors 500 -
15,926 19,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,854 8,108
Tax 7,441 1,996
Social security and other taxes 1,364 1,374
VAT 12,646 12,253
Other creditors 98,064 96,602
Directors undrawn remuneration 8,000 8,000
Directors' current accounts 1 1
131,370 128,334

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 49,250 49,250

8. RELATED PARTY DISCLOSURES

The company paid a total of £32,833 in rent to company directors Messrs G.F & M.J Wilkinson.

Included in trade debtors is a total of £56 (2023: £5,335) owed by the company directors Messrs G.F & M.J Wilkinson.