31 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-30 Sage Accounts Production Advanced 2023 - FRS102_2023 38,310 38,310 xbrli:pure xbrli:shares iso4217:GBP 06890804 2023-10-30 2024-10-29 06890804 2024-10-29 06890804 2023-10-29 06890804 2022-10-30 2023-10-29 06890804 2023-10-29 06890804 2022-10-29 06890804 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-30 2024-10-29 06890804 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-30 2024-10-29 06890804 core:PlantMachinery 2023-10-30 2024-10-29 06890804 core:FurnitureFittings 2023-10-30 2024-10-29 06890804 core:MotorVehicles 2023-10-30 2024-10-29 06890804 bus:Director1 2023-10-30 2024-10-29 06890804 bus:Director3 2023-10-30 2024-10-29 06890804 core:PatentsTrademarksLicencesConcessionsSimilar 2024-10-29 06890804 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-29 06890804 core:PlantMachinery 2023-10-29 06890804 core:FurnitureFittings 2023-10-29 06890804 core:MotorVehicles 2023-10-29 06890804 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-29 06890804 core:PlantMachinery 2024-10-29 06890804 core:FurnitureFittings 2024-10-29 06890804 core:MotorVehicles 2024-10-29 06890804 core:WithinOneYear 2024-10-29 06890804 core:WithinOneYear 2023-10-29 06890804 core:AfterOneYear 2024-10-29 06890804 core:AfterOneYear 2023-10-29 06890804 core:ShareCapital 2024-10-29 06890804 core:ShareCapital 2023-10-29 06890804 core:RetainedEarningsAccumulatedLosses 2024-10-29 06890804 core:RetainedEarningsAccumulatedLosses 2023-10-29 06890804 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-29 06890804 core:PlantMachinery 2023-10-29 06890804 core:MotorVehicles 2023-10-29 06890804 bus:SmallEntities 2023-10-30 2024-10-29 06890804 bus:AuditExemptWithAccountantsReport 2023-10-30 2024-10-29 06890804 bus:SmallCompaniesRegimeForAccounts 2023-10-30 2024-10-29 06890804 bus:PrivateLimitedCompanyLtd 2023-10-30 2024-10-29 06890804 bus:FullAccounts 2023-10-30 2024-10-29 06890804 core:ComputerEquipment 2023-10-30 2024-10-29 06890804 core:ComputerEquipment 2023-10-29 06890804 core:ComputerEquipment 2024-10-29
COMPANY REGISTRATION NUMBER: 06890804
Alicat Workboats Limited
Unaudited financial statements
For the year ended
29 October 2024
Alicat Workboats Limited
Statement of financial position
29 October 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
410,844
308,174
Current assets
Stocks
74,594
360,412
Debtors
7
1,302,520
973,412
Cash at bank and in hand
1,374,348
1,236,955
-----------
-----------
2,751,462
2,570,779
Creditors: Amounts falling due within one year
8
( 1,029,651)
( 1,190,311)
-----------
-----------
Net current assets
1,721,811
1,380,468
-----------
-----------
Total assets less current liabilities
2,132,655
1,688,642
Creditors: Amounts falling due after more than one year
9
( 241,795)
( 150,275)
Provisions
Taxation including deferred tax
( 56,295)
-----------
-----------
Net assets
1,834,565
1,538,367
-----------
-----------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
1,824,565
1,528,367
-----------
-----------
Shareholders funds
1,834,565
1,538,367
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 29 October 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alicat Workboats Limited
Statement of financial position (continued)
29 October 2024
These financial statements were approved by the board of directors and authorised for issue on 13 June 2025 , and are signed on behalf of the board by:
S Coote
S Thacker
Director
Director
Company registration number: 06890804
Alicat Workboats Limited
Notes to the financial statements
Year ended 29 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alicat Workboats Limited , Southtown Road, Great Yarmouth, Norfolk, NR31 0JJ england.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements
-
14% straight line
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Motor vehicles
-
25% straight line
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of employees during the year was 31 (2023: 29 ).
5. Intangible assets
Patents
£
Cost
At 30 October 2023 and 29 October 2024
38,310
-------
Amortisation
At 30 October 2023 and 29 October 2024
38,310
-------
Carrying amount
At 29 October 2024
-------
At 29 October 2023
-------
6. Tangible assets
Leasehold property improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Total
£
£
£
£
£
£
Cost
At 30 October 2023
62,978
614,682
4,852
326,725
20,156
1,029,393
Additions
42,232
204,254
4,087
250,573
Disposals
( 29,028)
( 14,000)
( 43,028)
-------
---------
------
---------
-------
-----------
At 29 October 2024
62,978
627,886
4,852
516,979
24,243
1,236,938
-------
---------
------
---------
-------
-----------
Depreciation
At 30 October 2023
50,323
501,199
4,852
147,156
17,689
721,219
Charge for the year
6,327
50,922
89,243
1,410
147,902
Disposals
( 29,028)
( 13,999)
( 43,027)
-------
---------
------
---------
-------
-----------
At 29 October 2024
56,650
523,093
4,852
222,400
19,099
826,094
-------
---------
------
---------
-------
-----------
Carrying amount
At 29 October 2024
6,328
104,793
294,579
5,144
410,844
-------
---------
------
---------
-------
-----------
At 29 October 2023
12,655
113,483
179,569
2,467
308,174
-------
---------
------
---------
-------
-----------
7. Debtors
2024
2023
£
£
Trade debtors
778,893
693,149
Other debtors
523,627
280,263
-----------
---------
1,302,520
973,412
-----------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
283,408
882,754
Amounts owed to group undertakings and undertakings in which the company has a participating interest
432,096
73,556
Social security and other taxes
105,950
28,607
Other creditors
208,197
205,394
-----------
-----------
1,029,651
1,190,311
-----------
-----------
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Other creditors
241,795
150,275
---------
---------
10. Directors' advances, credits and guarantees
At the 29 October 2024, the company was owed £25,000 (2023: £25,000) by Mr S Thacker being the balance on his interest free directors loan account.
11. Related party transactions
During the year the company paid 2SD Limited, the parent company, £60,000 (2023: £60,000) in management charges. At the year end the company owed Richards Dry Dock and Engineering Limited £143,830 (2023: £12,927) and owed 2SD Limited £288,266 (2023: £60,630).