Silverfin false false 31/03/2025 01/04/2024 31/03/2025 H E Day 09/03/2022 29 July 2025 The principal activity of the company in the year under review was that of manufacture and sale of narrowboats. 13965629 2025-03-31 13965629 bus:Director1 2025-03-31 13965629 2024-03-31 13965629 core:CurrentFinancialInstruments 2025-03-31 13965629 core:CurrentFinancialInstruments 2024-03-31 13965629 core:ShareCapital 2025-03-31 13965629 core:ShareCapital 2024-03-31 13965629 core:RetainedEarningsAccumulatedLosses 2025-03-31 13965629 core:RetainedEarningsAccumulatedLosses 2024-03-31 13965629 core:OtherPropertyPlantEquipment 2024-03-31 13965629 core:OtherPropertyPlantEquipment 2025-03-31 13965629 bus:OrdinaryShareClass1 2025-03-31 13965629 2024-04-01 2025-03-31 13965629 bus:FilletedAccounts 2024-04-01 2025-03-31 13965629 bus:SmallEntities 2024-04-01 2025-03-31 13965629 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13965629 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13965629 bus:Director1 2024-04-01 2025-03-31 13965629 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 13965629 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-04-01 2025-03-31 13965629 2023-04-01 2024-03-31 13965629 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13965629 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13965629 (England and Wales)

H D NARROWBOATS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

H D NARROWBOATS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

H D NARROWBOATS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
H D NARROWBOATS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR H E Day
REGISTERED OFFICE 6 Costa Row
Long Bennington
Newark
NG23 5DY
United Kingdom
COMPANY NUMBER 13965629 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
14 London Road
Newark
NG24 1TW
H D NARROWBOATS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
H D NARROWBOATS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 6,034 6,283
6,034 6,283
Current assets
Stocks 3,438 10,264
Debtors 4 509 95
Cash at bank and in hand 13,113 12,282
17,060 22,641
Creditors: amounts falling due within one year 5 ( 19,636) ( 25,263)
Net current liabilities (2,576) (2,622)
Total assets less current liabilities 3,458 3,661
Provision for liabilities ( 1,146) ( 1,194)
Net assets 2,312 2,467
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 2,311 2,466
Total shareholder's funds 2,312 2,467

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of H D Narrowboats Limited (registered number: 13965629) were approved and authorised for issue by the Director on 29 July 2025. They were signed on its behalf by:

H E Day
Director
H D NARROWBOATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
H D NARROWBOATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H D Narrowboats Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 Costa Row, Long Bennington, Newark, NG23 5DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 - 25 % reducing balance
4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 7,726 7,726
Additions 962 962
At 31 March 2025 8,688 8,688
Accumulated depreciation
At 01 April 2024 1,443 1,443
Charge for the financial year 1,211 1,211
At 31 March 2025 2,654 2,654
Net book value
At 31 March 2025 6,034 6,034
At 31 March 2024 6,283 6,283

4. Debtors

2025 2024
£ £
Trade debtors 0 22
Other debtors 509 73
509 95

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 4,973 9,041
Taxation and social security 7,057 3,602
Other creditors 7,606 12,620
19,636 25,263

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 A ordinary share of £ 1.00 1 1