Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 00246431 Mr Andrew Baucutt Mrs S Booysen Mrs A Brown Mrs J Dean Mr L Dennis Mr S Gaze Ms S Lawrence Mr A Middleton Mr J Richardson Mrs A Stenhouse Mrs L Tothill Mr J Veitch Mr N Veitch Mrs J Dean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00246431 2023-09-30 00246431 2024-09-30 00246431 2023-10-01 2024-09-30 00246431 frs-core:CurrentFinancialInstruments 2024-09-30 00246431 frs-core:Non-currentFinancialInstruments 2024-09-30 00246431 frs-core:ComputerEquipment 2024-09-30 00246431 frs-core:ComputerEquipment 2023-10-01 2024-09-30 00246431 frs-core:ComputerEquipment 2023-09-30 00246431 frs-core:FurnitureFittings 2024-09-30 00246431 frs-core:FurnitureFittings 2023-10-01 2024-09-30 00246431 frs-core:FurnitureFittings 2023-09-30 00246431 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 00246431 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00246431 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 00246431 frs-core:PlantMachinery 2024-09-30 00246431 frs-core:PlantMachinery 2023-10-01 2024-09-30 00246431 frs-core:PlantMachinery 2023-09-30 00246431 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 00246431 frs-bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 00246431 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 00246431 frs-bus:SmallEntities 2023-10-01 2024-09-30 00246431 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00246431 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00246431 frs-bus:Director1 2023-10-01 2024-09-30 00246431 frs-bus:Director2 2023-10-01 2024-09-30 00246431 frs-bus:Director3 2023-10-01 2024-09-30 00246431 frs-bus:Director4 2023-10-01 2024-09-30 00246431 frs-bus:Director5 2023-10-01 2024-09-30 00246431 frs-bus:Director6 2023-10-01 2024-09-30 00246431 frs-bus:Director7 2023-10-01 2024-09-30 00246431 frs-bus:Director8 2023-10-01 2024-09-30 00246431 frs-bus:Director9 2023-10-01 2024-09-30 00246431 frs-bus:Director10 2023-10-01 2024-09-30 00246431 frs-bus:Director11 2023-10-01 2024-09-30 00246431 frs-bus:Director12 2023-10-01 2024-09-30 00246431 frs-bus:Director13 2023-10-01 2024-09-30 00246431 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 00246431 frs-countries:EnglandWales 2023-10-01 2024-09-30 00246431 2022-09-30 00246431 2023-09-30 00246431 2022-10-01 2023-09-30 00246431 frs-core:CurrentFinancialInstruments 2023-09-30 00246431 frs-core:Non-currentFinancialInstruments 2023-09-30 00246431 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 00246431
Essex Yacht Club Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00246431
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 469,786 474,708
469,786 474,708
CURRENT ASSETS
Stocks 5 8,315 10,571
Debtors 6 7,021 16,035
Cash at bank and in hand 28,292 58,780
43,628 85,386
Creditors: Amounts Falling Due Within One Year 7 (35,339 ) (56,819 )
NET CURRENT ASSETS (LIABILITIES) 8,289 28,567
TOTAL ASSETS LESS CURRENT LIABILITIES 478,075 503,275
Creditors: Amounts Falling Due After More Than One Year 8 (33,000 ) (25,500 )
NET ASSETS 445,075 477,775
Income and Expenditure Account 445,075 477,775
MEMBERS' FUNDS 445,075 477,775
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Page 2
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr A Middleton
Director
11th December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Essex Yacht Club Limited is a private company, limited by guarentee, incorporated in England & Wales, registered number 00246431 . The registered office is Wilton, Leigh On Sea, Essex, SS9 1BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line basis
Plant & Machinery 12.5% straight line basis
Fixtures & Fittings 10% straight line basis
Sewage Pipe 2.5% straight line basis
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 16)
14 16
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Sewage Pipe Total
£ £ £ £ £
Cost
As at 1 October 2023 527,544 71,362 215,050 102,528 916,484
Additions 10,705 7,323 2,223 - 20,251
As at 30 September 2024 538,249 78,685 217,273 102,528 936,735
Depreciation
As at 1 October 2023 190,000 36,725 191,651 23,400 441,776
Provided during the period 10,000 8,751 3,822 2,600 25,173
As at 30 September 2024 200,000 45,476 195,473 26,000 466,949
Net Book Value
As at 30 September 2024 338,249 33,209 21,800 76,528 469,786
As at 1 October 2023 337,544 34,637 23,399 79,128 474,708
5. Stocks
2024 2023
£ £
Materials 8,315 10,571
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,780 6,598
Other debtors 241 6,393
VAT - 3,044
7,021 16,035
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 87 54
VAT 1,861 -
Subscriptions received in advance 11,689 11,451
Accruals and deferred income 21,702 45,314
35,339 56,819
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Provision for launch replacement 5,000 2,500
Provision for future projects 28,000 23,000
33,000 25,500
9. Share Capital
10. Related Party Transactions
Essex Yacht Club Trust FundTrust vested in the name of the trustees.Contribution to the Headquarters Replacement Fund for the year ended 30 September 2024 of £14,600 (2023: £18,500).

Essex Yacht Club Trust Fund

Trust vested in the name of the trustees.

Contribution to the Headquarters Replacement Fund for the year ended 30 September 2024 of £14,600 (2023: £18,500).

The amount held by the Trust at 30 September 2024 is £278,743 (2023: £263,278).
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