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REGISTERED NUMBER: 11691870 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DESTY MARINE HAMBLE LIMITED

DESTY MARINE HAMBLE LIMITED (REGISTERED NUMBER: 11691870)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DESTY MARINE HAMBLE LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTORS: N A Desty
R W Desty
J K Desty





REGISTERED OFFICE: 13 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FW





REGISTERED NUMBER: 11691870 (England and Wales)

DESTY MARINE HAMBLE LIMITED (REGISTERED NUMBER: 11691870)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,617 113,794

CURRENT ASSETS
Stocks 191,872 192,004
Debtors 5 1,669,101 1,801,427
Cash at bank 271,452 214,868
2,132,425 2,208,299
CREDITORS
Amounts falling due within one year 6 1,875,542 1,700,391
NET CURRENT ASSETS 256,883 507,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,500

621,702

CREDITORS
Amounts falling due after more than one
year

7

(11,102

)

-

PROVISIONS FOR LIABILITIES (8,826 ) (5,468 )
NET ASSETS 339,572 616,234

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,472 616,134
339,572 616,234

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.

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 16 January 2025 and were signed on its behalf by:





N A Desty - Director


DESTY MARINE HAMBLE LIMITED (REGISTERED NUMBER: 11691870)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024

1. STATUTORY INFORMATION

Desty Marine Hamble 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 53 ) .

DESTY MARINE HAMBLE LIMITED (REGISTERED NUMBER: 11691870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 118,657
Additions 29,500
Disposals (11,505 )
At 30 April 2024 136,652
DEPRECIATION
At 1 May 2023 4,863
Charge for year 30,345
Eliminated on disposal (1,173 )
At 30 April 2024 34,035
NET BOOK VALUE
At 30 April 2024 102,617
At 30 April 2023 113,794

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 20,000
At 30 April 2024 20,000
DEPRECIATION
Charge for year 5,000
At 30 April 2024 5,000
NET BOOK VALUE
At 30 April 2024 15,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 979,808 1,018,574
Other debtors 689,293 782,853
1,669,101 1,801,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 5,124 -
Trade creditors 787,851 488,625
Amounts owed to group undertakings - 372,585
Taxation and social security 1,058,498 752,111
Other creditors 24,069 87,070
1,875,542 1,700,391

DESTY MARINE HAMBLE LIMITED (REGISTERED NUMBER: 11691870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 11,102 -

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 5,978 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 5,124 -
Between one and five years 5,124 -
In more than five years 5,978 -
16,226 -

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year - 162,741
Between one and five years - 27,758
- 190,499

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
N A Desty
Balance outstanding at start of year 445,500 -
Amounts advanced - 445,500
Amounts repaid (6,577 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 438,923 445,500

R W Desty
Balance outstanding at start of year 53,099 -
Amounts advanced 151 133,411
Amounts repaid - (80,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,250 53,099

The terms agreed are that the advances are repayable on demand and interest is to be charged on all advances at the official rate where the balance exceeds £10,000 at any time during the year.

Interest of £15,164 (2023 : £3,002) has been charged during the year.

DESTY MARINE HAMBLE LIMITED (REGISTERED NUMBER: 11691870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.