REGISTERED NUMBER: 10782272 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Total Boat Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Wilde

SECRETARY:

REGISTERED OFFICE:

Tan Y Graig

Caernarvon Road

Pwllheli

Gwynedd

LL53 6TT

REGISTERED NUMBER:

10782272 (England and Wales)

ACCOUNTANTS:

Gwyn Thomas and Co Limited

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

FIXED ASSETS

Tangible assets

4

18,978

34,113

CURRENT ASSETS

Stocks

114,044

90,163

Debtors

5

44,752

71,773

Cash at bank and in hand

120,183

64,242

278,979

226,178

CREDITORS

Amounts falling due within one year

6

204,932

107,741

NET CURRENT ASSETS

74,047

118,437

TOTAL ASSETS LESS CURRENT LIABILITIES

93,025

152,550

CREDITORS

Amounts falling due after more than one year

7

(16,926

)

(26,305

)

PROVISIONS FOR LIABILITIES

-

(2,664

)

NET ASSETS

76,099

123,581

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,999

123,481

76,099

123,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 22 October 2025 and were signed by:

D Wilde - Director

1.	STATUTORY INFORMATION

Total Boat Sales 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.

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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

85,448

Additions

2,480

At 31 March 2025

87,928

DEPRECIATION

At 1 April 2024

51,335

Charge for year

17,615

At 31 March 2025

68,950

NET BOOK VALUE

At 31 March 2025

18,978

At 31 March 2024

34,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

39,184

934

Other debtors

5,568

70,839

44,752

71,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

41,605

314

Other creditors

163,327

107,427

204,932

107,741

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

16,926

26,305

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D Wilde

Balance outstanding at start of year

(55,203

)

(4,419

)

Amounts advanced

-

216

Amounts repaid

(39,311

)

(51,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(94,514

)

(55,203

)