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REGISTERED NUMBER: 01712469 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SE YACHTS LIMITED

SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SE YACHTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: I R Dighe
Mrs S D Dighe
A Marshall
S W Rosier





SECRETARY: I R Dighe





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 01712469 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200 400
Tangible assets 5 13,453 14,684
13,653 15,084

CURRENT ASSETS
Stocks 232,244 -
Debtors 6 224,382 151,408
Cash at bank and in hand 151,360 173,135
607,986 324,543
CREDITORS
Amounts falling due within one year 7 506,484 185,490
NET CURRENT ASSETS 101,502 139,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,155

154,137

CREDITORS
Amounts falling due after more than one
year

8

(9,247

)

(13,871

)

PROVISIONS FOR LIABILITIES (1,048 ) (2,759 )
NET ASSETS 104,860 137,507

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 103,960 136,607
104,860 137,507

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

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

SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd January 2025 and were signed on its behalf by:





I R Dighe - Director


SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

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


1. STATUTORY INFORMATION

SE Yachts 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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Statement of Income and Retained Earnings, 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.

SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

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


2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 1,000
AMORTISATION
At 1st May 2023 600
Charge for year 200
At 30th April 2024 800
NET BOOK VALUE
At 30th April 2024 200
At 30th April 2023 400

SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1st May 2023 331 26,164 11,287 37,782
Additions - 4,468 - 4,468
At 30th April 2024 331 30,632 11,287 42,250
DEPRECIATION
At 1st May 2023 165 12,727 10,206 23,098
Charge for year 33 5,394 272 5,699
At 30th April 2024 198 18,121 10,478 28,797
NET BOOK VALUE
At 30th April 2024 133 12,511 809 13,453
At 30th April 2023 166 13,437 1,081 14,684

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,936 33,570
Other debtors 65,446 117,838
224,382 151,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 189,624 4,624
Trade creditors 134,653 21,006
Taxation and social security 1,746 7,648
Other creditors 180,461 152,212
506,484 185,490

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,247 13,871

SE YACHTS LIMITED (REGISTERED NUMBER: 01712469)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loan 185,000 -

Loans of £185,000 are secured by way of a fixed charge over stock.

10. CONTINGENT LIABILITIES

A charge exists in favour of Marina Developments Ltd for an amount equal to three months' rent payable under the lease.