Britannia Narrow Boats Limited 01462318 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the hire of narrow boats for pleasure use and ancillary services and provision of moorings for boats. The company trades as Shire Cruisers. Digita Accounts Production Advanced 6.30.9574.0 true 01462318 2024-01-01 2024-12-31 01462318 2024-12-31 01462318 core:RetainedEarningsAccumulatedLosses 2024-12-31 01462318 core:ShareCapital 2024-12-31 01462318 core:CurrentFinancialInstruments 2024-12-31 01462318 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01462318 core:FurnitureFittingsToolsEquipment 2024-12-31 01462318 core:LandBuildings 2024-12-31 01462318 core:MotorVehicles 2024-12-31 01462318 core:OtherPropertyPlantEquipment 2024-12-31 01462318 core:ShipsBoats 2024-12-31 01462318 bus:SmallEntities 2024-01-01 2024-12-31 01462318 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01462318 bus:FilletedAccounts 2024-01-01 2024-12-31 01462318 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01462318 bus:RegisteredOffice 2024-01-01 2024-12-31 01462318 bus:Director2 2024-01-01 2024-12-31 01462318 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01462318 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 01462318 core:LandBuildings 2024-01-01 2024-12-31 01462318 core:LeaseholdImprovements 2024-01-01 2024-12-31 01462318 core:MotorVehicles 2024-01-01 2024-12-31 01462318 core:OfficeEquipment 2024-01-01 2024-12-31 01462318 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01462318 core:OtherVehicles 2024-01-01 2024-12-31 01462318 core:PlantMachinery 2024-01-01 2024-12-31 01462318 core:ShipsBoats 2024-01-01 2024-12-31 01462318 countries:AllCountries 2024-01-01 2024-12-31 01462318 2023-12-31 01462318 core:FurnitureFittingsToolsEquipment 2023-12-31 01462318 core:LandBuildings 2023-12-31 01462318 core:MotorVehicles 2023-12-31 01462318 core:OtherPropertyPlantEquipment 2023-12-31 01462318 core:ShipsBoats 2023-12-31 01462318 2023-01-01 2023-12-31 01462318 2023-12-31 01462318 core:RetainedEarningsAccumulatedLosses 2023-12-31 01462318 core:ShareCapital 2023-12-31 01462318 core:CurrentFinancialInstruments 2023-12-31 01462318 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01462318 core:FurnitureFittingsToolsEquipment 2023-12-31 01462318 core:LandBuildings 2023-12-31 01462318 core:MotorVehicles 2023-12-31 01462318 core:OtherPropertyPlantEquipment 2023-12-31 01462318 core:ShipsBoats 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 01462318

Britannia Narrow Boats Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Britannia Narrow Boats Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Britannia Narrow Boats Limited

Balance Sheet

as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

367,064

402,918

Current assets

 

Stocks

51,670

52,436

Debtors

5

46,911

50,703

Cash at bank and in hand

 

437,329

475,836

 

535,910

578,975

Creditors: Amounts falling due within one year

6

(53,258)

(41,463)

Net current assets

 

482,652

537,512

Total assets less current liabilities

 

849,716

940,430

Provisions for liabilities

(69,742)

(76,555)

Net assets

 

779,974

863,875

Capital and reserves

 

Allotted, called up and fully paid share capital

10,000

10,000

Profit and loss account

769,974

853,875

Shareholders' funds

 

779,974

863,875

Registration number: 01462318

 

Britannia Narrow Boats Limited

Balance Sheet

as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 

.........................................
Mr N F S Stevens
Director

 

Britannia Narrow Boats Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024

1

General information

The company is a private company limited by shares incorporated in England, within the United Kingdom.

The company's registration number is 01462318.

The address of its registered office is:
The Wharf
Sowerby Bridge
West Yorkshire
HX6 2AG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Britannia Narrow Boats Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than assets under construction, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to leasehold property

Straight line over the life of the lease

Plant and machinery

25% per annum on a reducing balance basis

Office equipment

25% per annum on a reducing balance basis

Motor vehicles

25% per annum on a reducing balance basis

Narrow boats

10% per annum on a reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

 

Britannia Narrow Boats Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 11 (2023 - 12).

4

Tangible assets

Improvements to leasehold property
£

Office equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Narrow boats
 £

Total
£

Cost or valuation

At 1 January 2024

3,125

7,799

8,995

69,074

1,196,280

1,285,273

Additions

-

802

-

-

14,090

14,892

Disposals

-

(707)

-

-

(161,192)

(161,899)

At 31 December 2024

3,125

7,894

8,995

69,074

1,049,178

1,138,266

Depreciation

At 1 January 2024

3,125

7,564

8,849

68,514

794,303

882,355

Charge for the year

-

259

36

140

40,642

41,077

Eliminated on disposal

-

(686)

-

-

(151,544)

(152,230)

At 31 December 2024

3,125

7,137

8,885

68,654

683,401

771,202

Net book value

At 31 December 2024

-

757

110

420

365,777

367,064

At 31 December 2023

-

235

146

560

401,977

402,918

 

Britannia Narrow Boats Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

5

Debtors

2024
£

2023
£

Trade debtors

22,063

15,226

Other debtors

-

13,784

Prepayments and accrued income

24,848

21,693

46,911

50,703

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

6,008

8,159

Taxation and social security

13,314

7,680

Corporation tax

4,724

-

Other creditors

181

2

Accruals and deferred income

25,948

24,514

Directors' current accounts

3,083

1,108

53,258

41,463

7

Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £38,968 (2023 - £46,750). These financial commitments relate to non-cancellable operating leases and are payable over the remaining life of those leases.