Shadow Boat Builders Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 3182803

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		15,001		20,001
Tangible Assets	5		303,286		307,902

			318,287		327,903
CURRENT ASSETS
Stocks	6	42,000		40,000
Debtors	7	15,069		15,784
Cash at bank and in hand		83,101		58,686

		140,170		114,470
Creditors: Amounts Falling Due Within One Year	8	(21,770 )		(21,777 )

NET CURRENT ASSETS (LIABILITIES)			118,400		92,693

TOTAL ASSETS LESS CURRENT LIABILITIES			436,687		420,596

Creditors: Amounts Falling Due After More Than One Year	9		(224,228 )		(186,693 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(14 )		(57 )

NET ASSETS			212,445		233,846

CAPITAL AND RESERVES
Called up share capital	11		18		18
Profit and Loss Account			212,427		233,828

SHAREHOLDERS' FUNDS			212,445		233,846

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Shadow Boat Builders Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Emma Lansdale Director	Mrs Jennifer Crampton Director	Mr Paul Crampton Director
10th December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Shadow Boat Builders Ltd Registered number 3182803 is a limited by shares company incorporated in England & Wales. The Registered Office is Riverside Estate, Brundall, Norwich, NR13 5PL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Leasehold	0%
Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	10% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Shadow Boat Builders Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	3	4

	3	4

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	109,882

As at 30 April 2025	109,882

Amortisation
As at 1 May 2024	89,881
Provided during the period	5,000

As at 30 April 2025	94,881

Net Book Value
As at 30 April 2025	15,001

As at 1 May 2024	20,001

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost
As at 1 May 2024	261,127	44,516	81,627	27,641	414,911
Additions	-	-	533	-	533

As at 30 April 2025	261,127	44,516	82,160	27,641	415,444

Depreciation
As at 1 May 2024	-	17,805	78,060	11,144	107,009
Provided during the period	-	-	1,025	4,124	5,149

As at 30 April 2025	-	17,805	79,085	15,268	112,158

Net Book Value
As at 30 April 2025	261,127	26,711	3,075	12,373	303,286

As at 1 May 2024	261,127	26,711	3,567	16,497	307,902

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Shadow Boat Builders Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Stocks

	2025	2024
	£	£
Materials	42,000	40,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,364	-
Prepayments and accrued income	1,941	2,137
Other debtors	11,764	13,647

	15,069	15,784

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,089	8,315
Corporation tax	167	(2,481 )
Other creditors	181	-
Accruals and deferred income	18,333	15,943

	21,770	21,777

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Directors loan account	224,228	186,693

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	14	57

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	18	18

12. Directors Advances, Credits and Guarantees

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Shadow Boat Builders Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

Dividends paid to directors

	2025	2024
	£	£
Mrs Jennifer Crampton	22,500	30,000
Mr Paul Crampton	25,000	30,000
Mr Anthony Crampton	-	24,000

13. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	47,500	84,000

14. Ultimate Controlling Party

The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.