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REGISTERED NUMBER: 09296019 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NORTHNEY YACHT REPAIR LTD

NORTHNEY YACHT REPAIR LTD (REGISTERED NUMBER: 09296019)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHNEY YACHT REPAIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: C MURCH
MRS C MURCH





REGISTERED OFFICE: 62 STAKES ROAD
PURBROOK
WATERLOOVILLE
Hampshire
PO7 5NT





REGISTERED NUMBER: 09296019 (England and Wales)





ACCOUNTANTS: Landi Accounting Limited
62 Stakes Road
Purbrook
Waterlooville
Hampshire
PO7 5NT

NORTHNEY YACHT REPAIR LTD (REGISTERED NUMBER: 09296019)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,880 23,038
16,880 23,038

CURRENT ASSETS
Debtors 6 17,141 19,030
Cash at bank 16,320 18,501
33,461 37,531
CREDITORS
Amounts falling due within one year 7 38,027 41,152
NET CURRENT LIABILITIES (4,566 ) (3,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,314

19,417

CREDITORS
Amounts falling due after more than one
year

8

12,311

19,415
NET ASSETS 3 2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1 -
SHAREHOLDERS' FUNDS 3 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NORTHNEY YACHT REPAIR LTD (REGISTERED NUMBER: 09296019)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:




C MURCH - Director



MRS C MURCH - Director


NORTHNEY YACHT REPAIR LTD (REGISTERED NUMBER: 09296019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Northney Yacht Repair Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NORTHNEY YACHT REPAIR LTD (REGISTERED NUMBER: 09296019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 10,000
AMORTISATION
At 1 December 2023
and 30 November 2024 10,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 9,221 50 38,100 1,208 48,579
Disposals - - (15,100 ) - (15,100 )
At 30 November 2024 9,221 50 23,000 1,208 33,479
DEPRECIATION
At 1 December 2023 8,989 42 15,579 931 25,541
Charge for year 123 8 5,750 277 6,158
Eliminated on disposal - - (15,100 ) - (15,100 )
At 30 November 2024 9,112 50 6,229 1,208 16,599
NET BOOK VALUE
At 30 November 2024 109 - 16,771 - 16,880
At 30 November 2023 232 8 22,521 277 23,038

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 17,141 19,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 4,750 7,750
Hire purchase contracts 4,103 4,103
Trade creditors 5,039 9,810
Taxation and social security 23,275 14,787
Other creditors 860 4,702
38,027 41,152

NORTHNEY YACHT REPAIR LTD (REGISTERED NUMBER: 09296019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 3,003
Hire purchase contracts 12,311 16,412
12,311 19,415