NJR Sailing Services Ltd |
Notes to the Accounts |
for the period from 20 April 2023 to 30 April 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less cumulative amortisation and any cumulative impairment losses. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2024 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 30 April 2024 |
- |
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Amortisation |
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At 20 April 2023 |
(6,000) |
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Provided during the period |
1,200 |
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At 30 April 2024 |
(4,800) |
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Net book value |
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At 30 April 2024 |
4,800 |
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At 19 April 2023 |
6,000 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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4 |
Creditors: amounts falling due within one year |
2024 |
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£ |
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Trade creditors |
826 |
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Corporation tax |
2,567 |
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Other creditors |
902 |
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4,295 |
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5 |
Other information |
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NJR Sailing Services Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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2 Hinksey Court |
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Church Way |
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Oxford |
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Oxfordshire |
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OX2 9SX |