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CARDIFF BAYLINK LIMITED

Registered Number
04525236
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

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

Director

DRISCOLL, Martyn Peter

Registered Address

Penarth Quays Marina
Penarth Portway
Penarth
CF64 1TQ

Registered Number

04525236 (England and Wales)
CARDIFF BAYLINK LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets449,14551,913
49,14551,913
Current assets
Debtors6331,983210,933
Cash at bank and on hand1,39066,273
333,373277,206
Creditors amounts falling due within one year7(32,872)(24,304)
Net current assets (liabilities)300,501252,902
Total assets less current liabilities349,646304,815
Creditors amounts falling due after one year8(19,722)(23,761)
Provisions for liabilities(10,335)(21,655)
Net assets319,589259,399
Capital and reserves
Called up share capital22
Profit and loss account319,587259,397
Shareholders' funds319,589259,399
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. 04525236
CARDIFF BAYLINK 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.
Turnover policy
Turnover represents net invoiced sales of bookings, cruise tours and cash receipts for step on transportation.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account and is provided for at a rate of 33% straight line.
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:

Straight line (years)
Plant and machinery25
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 September 23200
At 31 August 24200
Amortisation and impairment
At 01 September 23200
At 31 August 24200
Net book value
At 31 August 24-
At 31 August 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 2372,281
At 31 August 2472,281
Depreciation and impairment
At 01 September 2320,368
Charge for year2,768
At 31 August 2423,136
Net book value
At 31 August 2449,145
At 31 August 2351,913
5.Revaluation of property, plant and equipment
If plant and machinery had not been revalued it would have been included at cost of £76,178 (2023 : £80,037).

2024

2023

££
Property, plant and equipment / tangible fixed assets69,20769,207
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-124
Amounts owed by group undertakings322,415204,753
Other debtors8,7773,125
Prepayments and accrued income7912,931
Total331,983210,933
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-3,128
Bank borrowings and overdrafts11,8434,111
Taxation and social security21,02913,369
Accrued liabilities and deferred income-3,696
Total32,87224,304
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts19,72223,761
Total19,72223,761