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REGISTERED NUMBER: 12988082 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WROXHAM DAY BOATS LIMITED
T/A
WROXHAM LAUNCH HIRE

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WROXHAM DAY BOATS LIMITED
T/A WROXHAM LAUNCH HIRE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R A Huckett
P E Boulter-Colman





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 12988082 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
20,935 Intangible assets 4 18,146
538,381 Tangible assets 5 567,631
559,316 585,777

CURRENT ASSETS
48 Stocks 255
17,572 Debtors 6 20,304
16,667 Cash at bank and in hand 1,092
34,287 21,651
CREDITORS
49,378 Amounts falling due within one year 7 27,172
(15,091 ) NET CURRENT LIABILITIES (5,521 )
544,225 TOTAL ASSETS LESS CURRENT
LIABILITIES

580,256

CREDITORS
(246,900 ) Amounts falling due after more than one
year

8

(217,001

)

(57,480 ) PROVISIONS FOR LIABILITIES (70,368 )
239,845 NET ASSETS 292,887

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

BALANCE SHEET - continued
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
CAPITAL AND RESERVES
100 Called up share capital 100
114,368 Revaluation reserve 133,427
125,377 Retained earnings 159,360
239,845 SHAREHOLDERS' FUNDS 292,887

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 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.

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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





R A Huckett - Director


WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wroxham Day Boats 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of work completed during the period, by reference to invoiced sales.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised over its estimated useful life of ten years.

Website costs are being amortised over the estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance

Boats and engines have not been depreciated during the year as they have increased in value and have been revalued upwards accordingly.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 15 ) .

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Website &
Totals Goodwill software
£    £    £   
COST
At 1 April 2023 28,245 25,000 3,245
Additions 450 - 450
At 31 March 2024 28,695 25,000 3,695
AMORTISATION
At 1 April 2023 7,310 5,829 1,481
Amortisation for year 3,239 2,500 739
At 31 March 2024 10,549 8,329 2,220
NET BOOK VALUE
At 31 March 2024 18,146 16,671 1,475
At 31 March 2023 20,935 19,171 1,764

5. TANGIBLE FIXED ASSETS
Boats & Plant &
Totals engines machinery
£    £    £   
COST OR VALUATION
At 1 April 2023 563,169 482,567 17,033
Additions 26,814 19,775 1,489
Disposals (8,050 ) (2,500 ) -
Revaluations 24,750 24,750 -
At 31 March 2024 606,683 524,592 18,522
DEPRECIATION
At 1 April 2023 24,788 - 6,349
Charge for year 14,264 - 3,050
At 31 March 2024 39,052 - 9,399
NET BOOK VALUE
At 31 March 2024 567,631 524,592 9,123
At 31 March 2023 538,381 482,567 10,684

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Office
fittings vehicles equipment
£    £    £   
COST OR VALUATION
At 1 April 2023 1,795 59,495 2,279
Additions - 5,550 -
Disposals - (5,550 ) -
Revaluations - - -
At 31 March 2024 1,795 59,495 2,279
DEPRECIATION
At 1 April 2023 772 16,747 920
Charge for year 256 10,687 271
At 31 March 2024 1,028 27,434 1,191
NET BOOK VALUE
At 31 March 2024 767 32,061 1,088
At 31 March 2023 1,023 42,748 1,359

Cost or valuation at 31 March 2024 is represented by:

Boats & Plant &
Totals engines machinery
£    £    £   
Valuation in 2022 82,525 82,525 -
Valuation in 2023 47,000 47,000 -
Valuation in 2024 24,750 24,750 -
Cost 452,408 370,317 18,522
606,683 524,592 18,522

Fixtures
and Motor Office
fittings vehicles equipment
£    £    £   



Cost 1,795 59,495 2,279
1,795 59,495 2,279

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 51,995
DEPRECIATION
At 1 April 2023 12,999
Charge for year 9,749
At 31 March 2024 22,748
NET BOOK VALUE
At 31 March 2024 29,247
At 31 March 2023 38,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,953 276
Other debtors 13,351 17,296
20,304 17,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 5,607 5,113
Trade creditors 13,499 11,476
Taxation and social security 2,554 2,238
Other creditors 5,512 30,551
27,172 49,378

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 28,064 33,177
Other creditors 188,937 213,723
217,001 246,900

WROXHAM DAY BOATS LIMITED (REGISTERED NUMBER: 12988082)
T/A WROXHAM LAUNCH HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 5,607 5,113
Between one and five years 28,064 33,177
33,671 38,290

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 9,750 9,000
Between one and five years 39,000 36,000
In more than five years 14,625 24,000
63,375 69,000