2023-09-012024-08-312024-08-31false04179445CARDIFF BAY CRUISES LIMITED2024-10-2250300falseiso4217:GBPxbrli:pure041794452023-09-01041794452024-08-31041794452023-09-012024-08-31041794452022-09-01041794452023-08-31041794452022-09-012023-08-3104179445bus:SmallEntities2023-09-012024-08-3104179445bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3104179445bus:AbridgedAccounts2023-09-012024-08-3104179445bus:PrivateLimitedCompanyLtd2023-09-012024-08-3104179445core:WithinOneYear2024-08-3104179445core:AfterOneYear2024-08-3104179445core:WithinOneYear2023-08-3104179445core:AfterOneYear2023-08-3104179445core:ShareCapital2024-08-3104179445core:SharePremium2024-08-3104179445core:RevaluationReserve2024-08-3104179445core:OtherReservesSubtotal2024-08-3104179445core:RetainedEarningsAccumulatedLosses2024-08-3104179445core:ShareCapital2023-08-3104179445core:SharePremium2023-08-3104179445core:RevaluationReserve2023-08-3104179445core:OtherReservesSubtotal2023-08-3104179445core:RetainedEarningsAccumulatedLosses2023-08-3104179445core:LandBuildings2024-08-3104179445core:PlantMachinery2024-08-3104179445core:Vehicles2024-08-3104179445core:FurnitureFittings2024-08-3104179445core:OfficeEquipment2024-08-3104179445core:NetGoodwill2024-08-3104179445core:IntangibleAssetsOtherThanGoodwill2024-08-3104179445core:ListedExchangeTraded2024-08-3104179445core:UnlistedNon-exchangeTraded2024-08-3104179445core:LandBuildings2023-08-3104179445core:PlantMachinery2023-08-3104179445core:Vehicles2023-08-3104179445core:FurnitureFittings2023-08-3104179445core:OfficeEquipment2023-08-3104179445core:NetGoodwill2023-08-3104179445core:IntangibleAssetsOtherThanGoodwill2023-08-3104179445core:ListedExchangeTraded2023-08-3104179445core:UnlistedNon-exchangeTraded2023-08-3104179445core:LandBuildings2023-09-012024-08-3104179445core:PlantMachinery2023-09-012024-08-3104179445core:Vehicles2023-09-012024-08-3104179445core:FurnitureFittings2023-09-012024-08-3104179445core:OfficeEquipment2023-09-012024-08-3104179445core:NetGoodwill2023-09-012024-08-3104179445core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3104179445core:ListedExchangeTraded2023-09-012024-08-3104179445core:UnlistedNon-exchangeTraded2023-09-012024-08-3104179445core:MoreThanFiveYears2023-09-012024-08-3104179445core:Non-currentFinancialInstruments2024-08-3104179445core:Non-currentFinancialInstruments2023-08-3104179445dpl:CostSales2023-09-012024-08-3104179445dpl:DistributionCosts2023-09-012024-08-3104179445core:LandBuildings2023-09-012024-08-3104179445core:PlantMachinery2023-09-012024-08-3104179445core:Vehicles2023-09-012024-08-3104179445core:FurnitureFittings2023-09-012024-08-3104179445core:OfficeEquipment2023-09-012024-08-3104179445dpl:AdministrativeExpenses2023-09-012024-08-3104179445core:NetGoodwill2023-09-012024-08-3104179445core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3104179445dpl:GroupUndertakings2023-09-012024-08-3104179445dpl:ParticipatingInterests2023-09-012024-08-3104179445dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3104179445core:ListedExchangeTraded2023-09-012024-08-3104179445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3104179445core:UnlistedNon-exchangeTraded2023-09-012024-08-3104179445dpl:CostSales2022-09-012023-08-3104179445dpl:DistributionCosts2022-09-012023-08-3104179445core:LandBuildings2022-09-012023-08-3104179445core:PlantMachinery2022-09-012023-08-3104179445core:Vehicles2022-09-012023-08-3104179445core:FurnitureFittings2022-09-012023-08-3104179445core:OfficeEquipment2022-09-012023-08-3104179445dpl:AdministrativeExpenses2022-09-012023-08-3104179445core:NetGoodwill2022-09-012023-08-3104179445core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3104179445dpl:GroupUndertakings2022-09-012023-08-3104179445dpl:ParticipatingInterests2022-09-012023-08-3104179445dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3104179445core:ListedExchangeTraded2022-09-012023-08-3104179445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3104179445core:UnlistedNon-exchangeTraded2022-09-012023-08-3104179445core:NetGoodwill2024-08-3104179445core:IntangibleAssetsOtherThanGoodwill2024-08-3104179445core:LandBuildings2024-08-3104179445core:PlantMachinery2024-08-3104179445core:Vehicles2024-08-3104179445core:FurnitureFittings2024-08-3104179445core:OfficeEquipment2024-08-3104179445core:AfterOneYear2024-08-3104179445core:WithinOneYear2024-08-3104179445core:ListedExchangeTraded2024-08-3104179445core:UnlistedNon-exchangeTraded2024-08-3104179445core:ShareCapital2024-08-3104179445core:SharePremium2024-08-3104179445core:RevaluationReserve2024-08-3104179445core:OtherReservesSubtotal2024-08-3104179445core:RetainedEarningsAccumulatedLosses2024-08-3104179445core:NetGoodwill2023-08-3104179445core:IntangibleAssetsOtherThanGoodwill2023-08-3104179445core:LandBuildings2023-08-3104179445core:PlantMachinery2023-08-3104179445core:Vehicles2023-08-3104179445core:FurnitureFittings2023-08-3104179445core:OfficeEquipment2023-08-3104179445core:AfterOneYear2023-08-3104179445core:WithinOneYear2023-08-3104179445core:ListedExchangeTraded2023-08-3104179445core:UnlistedNon-exchangeTraded2023-08-3104179445core:ShareCapital2023-08-3104179445core:SharePremium2023-08-3104179445core:RevaluationReserve2023-08-3104179445core:OtherReservesSubtotal2023-08-3104179445core:RetainedEarningsAccumulatedLosses2023-08-3104179445core:NetGoodwill2022-09-0104179445core:IntangibleAssetsOtherThanGoodwill2022-09-0104179445core:LandBuildings2022-09-0104179445core:PlantMachinery2022-09-0104179445core:Vehicles2022-09-0104179445core:FurnitureFittings2022-09-0104179445core:OfficeEquipment2022-09-0104179445core:AfterOneYear2022-09-0104179445core:WithinOneYear2022-09-0104179445core:ListedExchangeTraded2022-09-0104179445core:UnlistedNon-exchangeTraded2022-09-0104179445core:ShareCapital2022-09-0104179445core:SharePremium2022-09-0104179445core:RevaluationReserve2022-09-0104179445core:OtherReservesSubtotal2022-09-0104179445core:RetainedEarningsAccumulatedLosses2022-09-0104179445core:AfterOneYear2023-09-012024-08-3104179445core:WithinOneYear2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3104179445core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3104179445core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3104179445core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3104179445core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3104179445core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3104179445bus:Director12023-09-012024-08-31

CARDIFF BAY CRUISES LIMITED

Registered Number
04179445
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

CARDIFF BAY CRUISES LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

DRISCOLL, Martyn Peter

Registered Address

Cardiff Marina Office
Watkiss Way
Cardiff
CF11 0SY

Registered Number

04179445 (England and Wales)
CARDIFF BAY CRUISES LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3572,030603,863
572,030603,863
Current assets
Stocks-1,250
Debtors575,51919,937
Cash at bank and on hand49029,037
76,00950,224
Creditors amounts falling due within one year6(289,621)(235,395)
Net current assets (liabilities)(213,612)(185,171)
Total assets less current liabilities358,418418,692
Creditors amounts falling due after one year7(80,071)(84,961)
Provisions for liabilities(28,485)(16,610)
Net assets249,862317,121
Capital and reserves
Called up share capital1,0001,000
Profit and loss account248,862316,121
Shareholders' funds249,862317,121
The financial statements were approved and authorised for issue by the Director on 22 October 2024, and are signed on its behalf by:
DRISCOLL, Martyn Peter
Director
Registered Company No. 04179445
CARDIFF BAY CRUISES LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery1025
Fixtures and fittings15-
Office Equipment-3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year111
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 23797,031
At 31 August 24797,031
Depreciation and impairment
At 01 September 23193,168
Charge for year31,833
At 31 August 24225,001
Net book value
At 31 August 24572,030
At 31 August 23603,863
4.Revaluation of property, plant and equipment
If plant and machinery had not been revalued it would have been included at cost of £815,293 (2023: £815,293) and accumulated depreciation of £402,206 (2023: £369,594).
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-15,201
Amounts owed by group undertakings72,397-
Other debtors3,1223,551
Prepayments and accrued income-1,185
Total75,51919,937
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,891
Bank borrowings and overdrafts4,8894,889
Amounts owed to related parties250,388201,825
Taxation and social security848427
Other creditors33,4966,703
Accrued liabilities and deferred income-19,660
Total289,621235,395
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts23,63028,519
Other creditors56,44156,442
Total80,07184,961
8.Secured creditors
Bank loans of £28,518 (2023: £33,408) are secured debt included within creditors.
9.Controlling party
The company is owned and controlled by the director through the period under review.