Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false22023-07-01No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC723145 2023-07-01 2024-06-30 SC723145 2022-07-01 2023-06-30 SC723145 2024-06-30 SC723145 2023-06-30 SC723145 c:Director1 2023-07-01 2024-06-30 SC723145 c:Director2 2023-07-01 2024-06-30 SC723145 c:RegisteredOffice 2023-07-01 2024-06-30 SC723145 d:PlantMachinery 2023-07-01 2024-06-30 SC723145 d:PlantMachinery 2024-06-30 SC723145 d:PlantMachinery 2023-06-30 SC723145 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC723145 d:CurrentFinancialInstruments 2024-06-30 SC723145 d:CurrentFinancialInstruments 2023-06-30 SC723145 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC723145 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC723145 d:ShareCapital 2024-06-30 SC723145 d:ShareCapital 2023-06-30 SC723145 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC723145 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC723145 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC723145 c:OrdinaryShareClass1 2024-06-30 SC723145 c:OrdinaryShareClass1 2023-06-30 SC723145 c:FRS102 2023-07-01 2024-06-30 SC723145 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC723145 c:FullAccounts 2023-07-01 2024-06-30 SC723145 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC723145 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC723145










CARIB YACHTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
CARIB YACHTS LIMITED
 

COMPANY INFORMATION


Directors
Ian Fleetwood Crombie 
John Anthony Bingham Kennedy 




Registered number
SC723145



Registered office
Friarton
Spittal Farm

Ninemileburn

Midlothian

EH26 9NA




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
CARIB YACHTS LIMITED
REGISTERED NUMBER: SC723145

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
609,162
606,307

CURRENT ASSETS
  

Cash at bank and in hand
  
24,010
60,526

  
24,010
60,526

Creditors: amounts falling due within one year
 5 
(1,211,200)
(853,476)

NET CURRENT LIABILITIES
  
 
 
(1,187,190)
 
 
(792,950)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(578,028)
(186,643)

  

NET LIABILITIES
  
(578,028)
(186,643)


CAPITAL AND RESERVES
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(588,028)
(196,643)

  
(578,028)
(186,643)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.




John Anthony Bingham Kennedy
Director

The notes on pages 2 to 3 form part of these financial statements.
Page 1

 
CARIB YACHTS LIMITED
 

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

1.


GENERAL INFORMATION

Carib Yachts Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC723145. The registered office is Friarton, Spittal Farm, Ninemileburn, Midlothian, United Kingdom, EH26 9NA.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023-2).

Page 2

 
CARIB YACHTS LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 July 2023
673,674


Additions
78,026



At 30 June 2024

751,700



DEPRECIATION


At 1 July 2023
67,367


Charge for the year on owned assets
75,171



At 30 June 2024

142,538



NET BOOK VALUE



At 30 June 2024
609,162



At 30 June 2023
606,307


5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
1,210,300
852,576

Accruals and deferred income
900
900

1,211,200
853,476



6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10,000 (2023 - 10,000) ordinary shares of £1.00 each
10,000
10,000



Page 3