Kingsbridge Salcombe Ferry Company Limited 10785912 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of ferry services. Digita Accounts Production Advanced 6.30.9574.0 true 10785912 2024-04-01 2025-03-31 10785912 2025-03-31 10785912 core:RetainedEarningsAccumulatedLosses 2025-03-31 10785912 core:ShareCapital 2025-03-31 10785912 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10785912 bus:SmallEntities 2024-04-01 2025-03-31 10785912 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10785912 bus:FullAccounts 2024-04-01 2025-03-31 10785912 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10785912 bus:RegisteredOffice 2024-04-01 2025-03-31 10785912 bus:Director1 2024-04-01 2025-03-31 10785912 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10785912 countries:AllCountries 2024-04-01 2025-03-31 10785912 2024-03-31 10785912 2023-02-01 2024-03-31 10785912 2024-03-31 10785912 core:RetainedEarningsAccumulatedLosses 2024-03-31 10785912 core:ShareCapital 2024-03-31 10785912 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 10785912

Kingsbridge Salcombe Ferry Company Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Kingsbridge Salcombe Ferry Company Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

Kingsbridge Salcombe Ferry Company Limited

(Registration number: 10785912)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 765 | 383
Current assets |  |  |
Debtors |  | 4,758 | 6,937
Cash at bank and in hand |  | 10,220 | 1,166
|  | 14,978 | 8,103
Creditors: Amounts falling due within one year |  | (6,169) | (5,820)
Net current assets |  | 8,809 | 2,283
Total assets less current liabilities |  | 9,574 | 2,666
Provisions for liabilities |  | (170) | -
Net assets |  | 9,404 | 2,666
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Profit and loss account |  | 9,394 | 2,656
Total equity |  | 9,404 | 2,666

Kingsbridge Salcombe Ferry Company Limited

(Registration number: 10785912)
Abridged Balance Sheet as at 31 March 2025

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.

| The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
| The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 16 September 2025

Mr R J Martin

Director

Kingsbridge Salcombe Ferry Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales (Company Number 10785912).

The address of its registered office is:
Gardeners Cottage
Tithe Hill
Churchstow
Kingsbridge
Devon
TQ7 3QZ

These financial statements were authorised for issue by the director on 16 September 2025.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 8).

Kingsbridge Salcombe Ferry Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Total £
Cost or valuation
At 1 April 2024 | 779
Additions | 574
At 31 March 2025 | 1,353
Depreciation
At 1 April 2024 | 397
Charge for the period | 191
At 31 March 2025 | 588
Carrying amount
At 31 March 2025 | 765
At 31 March 2024 | 383