IRIS Accounts Production v25.1.4.42 09254665 director 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092546652023-10-31092546652024-10-31092546652023-11-012024-10-31092546652022-10-31092546652022-11-012023-10-31092546652023-10-3109254665ns15:EnglandWales2023-11-012024-10-3109254665ns14:PoundSterling2023-11-012024-10-3109254665ns10:Director12023-11-012024-10-3109254665ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109254665ns10:SmallEntities2023-11-012024-10-3109254665ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109254665ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109254665ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109254665ns10:FullAccounts2023-11-012024-10-3109254665ns10:OrdinaryShareClass12023-11-012024-10-3109254665ns10:OrdinaryShareClass22023-11-012024-10-3109254665ns10:OrdinaryShareClass32023-11-012024-10-3109254665ns10:OrdinaryShareClass42023-11-012024-10-3109254665ns10:OrdinaryShareClass52023-11-012024-10-3109254665ns10:CompanySecretary12023-11-012024-10-3109254665ns10:RegisteredOffice2023-11-012024-10-3109254665ns5:CurrentFinancialInstruments2024-10-3109254665ns5:CurrentFinancialInstruments2023-10-3109254665ns5:ShareCapital2024-10-3109254665ns5:ShareCapital2023-10-3109254665ns5:RetainedEarningsAccumulatedLosses2024-10-3109254665ns5:RetainedEarningsAccumulatedLosses2023-10-3109254665ns5:FurnitureFittings2023-11-012024-10-3109254665ns5:FurnitureFittings2023-10-3109254665ns5:FurnitureFittings2024-10-3109254665ns5:FurnitureFittings2023-10-3109254665ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-10-3109254665ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109254665ns5:CurrentFinancialInstruments2023-11-012024-10-3109254665ns10:OrdinaryShareClass12024-10-3109254665ns10:OrdinaryShareClass22024-10-3109254665ns10:OrdinaryShareClass32024-10-3109254665ns10:OrdinaryShareClass42024-10-3109254665ns10:OrdinaryShareClass52024-10-31
REGISTERED NUMBER: 09254665 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SPINNAKER CHANDLERY LIMITED

SPINNAKER CHANDLERY LIMITED (REGISTERED NUMBER: 09254665)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPINNAKER CHANDLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr S D Coombes





SECRETARY: Mrs L Coombes





REGISTERED OFFICE: Spinnaker Chandlery
Embankment Road
Bembridge
Isle of Wight
PO35 5NR





REGISTERED NUMBER: 09254665 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

SPINNAKER CHANDLERY LIMITED (REGISTERED NUMBER: 09254665)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,659 6,096

CURRENT ASSETS
Stocks 5 436,750 435,000
Debtors 6 13,610 14,540
Cash at bank and in hand 365,484 349,600
815,844 799,140
CREDITORS
Amounts falling due within one year 7 577,397 572,819
NET CURRENT ASSETS 238,447 226,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,106

232,417

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 245,006 232,317
SHAREHOLDERS' FUNDS 245,106 232,417

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 16 June 2025 and were signed by:




Mr S D Coombes - Director


SPINNAKER CHANDLERY LIMITED (REGISTERED NUMBER: 09254665)

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


1. STATUTORY INFORMATION

Spinnaker Chandlery 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.

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.
Fixtures and fittings - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 November 2023 14,274
Additions 2,530
At 31 October 2024 16,804
DEPRECIATION
At 1 November 2023 8,178
Charge for year 1,967
At 31 October 2024 10,145
NET BOOK VALUE
At 31 October 2024 6,659
At 31 October 2023 6,096

SPINNAKER CHANDLERY LIMITED (REGISTERED NUMBER: 09254665)

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


5. STOCKS
2024 2023
£ £
Stocks 436,750 435,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 11,527 13,575
Prepayments and accrued income 2,083 965
13,610 14,540

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 25,493 33,624
Corporation tax 10,061 17,701
VAT 15,559 15,496
Directors' current accounts 524,034 503,993
Accrued expenses 2,250 2,005
577,397 572,819

The directors' current account consists of £90,869 (2023: £97,436) owed to Mrs L Coombes, £49,288 (2023: £49,288) owed to Mr B Coombes, and £383,877 (2023: £357,270) owed to Mr S Coombes.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary A £1 50 50
35 Ordinary B £1 35 35
13 Ordinary C £1 13 13
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S D Coombes.