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REGISTERED NUMBER: 08964214 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lancaster Canal Boats & Waterbus Ltd

Lancaster Canal Boats & Waterbus Ltd (Registered number: 08964214)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lancaster Canal Boats & Waterbus Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr B F Cole





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancs
PR2 3AE





REGISTERED NUMBER: 08964214 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Lancaster Canal Boats & Waterbus Ltd (Registered number: 08964214)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,189 29,430

CURRENT ASSETS
Stocks 300 300
Debtors 5 10,176 78,386
10,476 78,686
CREDITORS
Amounts falling due within one year 6 81,727 90,674
NET CURRENT LIABILITIES (71,251 ) (11,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,062

)

17,442

CREDITORS
Amounts falling due after more than one
year

7

(27,442

)

(31,892

)

PROVISIONS FOR LIABILITIES (3,714 ) (3,714 )
NET LIABILITIES (77,218 ) (18,164 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (77,318 ) (18,264 )
SHAREHOLDERS' FUNDS (77,218 ) (18,164 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lancaster Canal Boats & Waterbus Ltd (Registered number: 08964214)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





Mr B F Cole - Director


Lancaster Canal Boats & Waterbus Ltd (Registered number: 08964214)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Lancaster Canal Boats & Waterbus Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.

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 12 (2023 - 13 ) .

Lancaster Canal Boats & Waterbus Ltd (Registered number: 08964214)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 9,882 46,345 183 4,112 60,522
DEPRECIATION
At 1 April 2023 - 27,224 183 3,685 31,092
Charge for year - 3,825 - 416 4,241
At 31 March 2024 - 31,049 183 4,101 35,333
NET BOOK VALUE
At 31 March 2024 9,882 15,296 - 11 25,189
At 31 March 2023 9,882 19,121 - 427 29,430

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 4,458
Amounts owed by group undertakings - 70,418
Other debtors 10,176 3,510
10,176 78,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,116 24,100
Trade creditors (2 ) 8,597
Amounts owed to group undertakings 44,253 45,714
Taxation and social security (6,731 ) (7,075 )
Other creditors 30,091 19,338
81,727 90,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 27,442 31,892

Lancaster Canal Boats & Waterbus Ltd (Registered number: 08964214)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bounce back loan 31,892 36,342

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC.