1 March 2024 false No description of principal activity Taxfiler 2024.6 09934324business:PrivateLimitedCompanyLtd2024-03-012025-02-28 099343242024-02-29 099343242024-03-012025-02-28 09934324business:AuditExemptWithAccountantsReport2024-03-012025-02-28 09934324business:FilletedAccounts2024-03-012025-02-28 099343242025-02-28 09934324business:Director12024-03-012025-02-28 09934324business:Director22024-03-012025-02-28 09934324business:RegisteredOffice2024-03-012025-02-28 099343242024-02-29 09934324core:WithinOneYear2025-02-28 09934324core:WithinOneYear2024-02-29 09934324core:AfterOneYear2025-02-28 09934324core:AfterOneYear2024-02-29 09934324core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 09934324core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 09934324core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 09934324core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 09934324core:PreviouslyStatedAmount2025-02-28 09934324core:PreviouslyStatedAmount2024-02-29 09934324business:SmallEntities2024-03-012025-02-28 09934324countries:EnglandWales2024-03-012025-02-28 09934324core:LandBuildings2024-03-012025-02-28 09934324core:PlantMachinery2024-03-012025-02-28 09934324core:FurnitureFittings2024-03-012025-02-28 09934324core:LandBuildings2024-02-29 09934324core:PlantMachinery2024-02-29 09934324core:MotorVehicles2024-02-29 09934324core:MotorVehicles2024-03-012025-02-28 09934324core:LandBuildings2025-02-28 09934324core:PlantMachinery2025-02-28 09934324core:MotorVehicles2025-02-28 099343242023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 09934324 (England and Wales)
MSV Narrowboats Ltd Unaudited accounts for the year ended 28 February 2025
MSV Narrowboats Ltd Unaudited accounts Contents
Page
- 2 -
MSV Narrowboats Ltd Company Information for the year ended 28 February 2025
Directors
N Kirk M Varney
Company Number
09934324 (England and Wales)
Registered Office
Aynho Wharf Station Road Aynho Oxfordshire OX17 3BP United Kingdom
Accountants
Link Accounting Limited Bloxham Mill Business Centre Barford Road Bloxham Oxfordshire OX15 4FF
- 3 -
MSV Narrowboats Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,677 
44,061 
Current assets
Inventories
25,196 
26,899 
Debtors
37,811 
48,772 
Cash at bank and in hand
80,117 
89,244 
143,124 
164,915 
Creditors: amounts falling due within one year
(58,501)
(82,979)
Net current assets
84,623 
81,936 
Total assets less current liabilities
118,300 
125,997 
Creditors: amounts falling due after more than one year
(11,881)
(15,907)
Provisions for liabilities
Deferred tax
(6,341)
(7,853)
Net assets
100,078 
102,237 
Capital and reserves
Called up share capital
450 
450 
Profit and loss account
99,628 
101,787 
Shareholders' funds
100,078 
102,237 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
N Kirk Director Company Registration No. 09934324
- 4 -
MSV Narrowboats Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
MSV Narrowboats Ltd is a private company, limited by shares, registered in England and Wales, registration number 09934324. The registered office is Aynho Wharf, Station Road, Aynho, Oxfordshire, OX17 3BP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
7 years
Plant & machinery
4 years and 25 years
Fixtures & fittings
5 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
MSV Narrowboats Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
70,000 
40,893 
25,650 
136,543 
Additions
- 
141 
- 
141 
At 28 February 2025
70,000 
41,034 
25,650 
136,684 
Depreciation
At 1 March 2024
57,349 
30,003 
5,130 
92,482 
Charge for the year
4,338 
1,057 
5,130 
10,525 
At 28 February 2025
61,687 
31,060 
10,260 
103,007 
Net book value
At 28 February 2025
8,313 
9,974 
15,390 
33,677 
At 29 February 2024
12,651 
10,890 
20,520 
44,061 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,632 
36,731 
Accrued income and prepayments
12,179 
12,041 
37,811 
48,772 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
1,426 
1,934 
VAT
5,586 
4,013 
Obligations under finance leases and hire purchase contracts
4,027 
4,027 
Trade creditors
20,606 
20,347 
Taxes and social security
10,897 
9,586 
Loans from directors
7,232 
30,219 
Accruals
1,256 
- 
Deferred income
7,471 
12,853 
58,501 
82,979 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
11,881 
15,907 
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).
- 6 -