Company No: 04193213 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Caroline Mary Cunningham
	Jonathan William Cunningham
	Deborah Jane King
	Mark Adrian King

REGISTERED OFFICE	Rockylls Hall
	Shelland
	Stowmarket
	IP14 3JF
	United Kingdom

COMPANY NUMBER

04193213 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,490,197		1,670,683
		1,490,197		1,670,683
Current assets
Stocks		4,250		0
Debtors	4	381,991		14,279
Investments		10,000		10,000
Cash at bank and in hand		11,935		39,715
		408,176		63,994
Creditors: amounts falling due within one year	5	( 285,228)		( 241,385)
Net current assets/(liabilities)		122,948		(177,391)
Total assets less current liabilities		1,613,145		1,493,292
Creditors: amounts falling due after more than one year	6	( 18,183)		( 22,682)
Provision for liabilities	7	( 280,045)		( 315,735)
Net assets		1,314,917		1,154,875
Capital and reserves
Called-up share capital	8	3		3
Revaluation reserve		735,042		844,383
Profit and loss account		579,872		310,489
Total shareholder's funds		1,314,917		1,154,875

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wayford Marine Limited (registered number: 04193213) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

Jonathan William Cunningham Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wayford Marine Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rockylls Hall, Shelland, Stowmarket, IP14 3JF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	4 years straight line
Vehicles	20 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 September 2024	1,503,829		339,236		65,244		861		100		1,909,270
Additions	0		5,517		0		0		0		5,517
Disposals	( 34,101)		0		0		0		0		( 34,101)
Revaluations	( 109,341)		0		0		0		0		( 109,341)
At 31 August 2025	1,360,387		344,753		65,244		861		100		1,771,345
Accumulated depreciation
At 01 September 2024	0		226,949		10,874		749		15		238,587
Charge for the financial year	0		31,642		10,874		28		17		42,561
At 31 August 2025	0		258,591		21,748		777		32		281,148
Net book value
At 31 August 2025	1,360,387		86,162		43,496		84		68		1,490,197
At 31 August 2024	1,503,829		112,287		54,370		112		85		1,670,683

4. Debtors

	2025		2024
	£		£
Trade debtors	33,519		4,006
Amounts owed by Parent undertakings	347,129		0
Other debtors	1,343		10,273
	381,991		14,279

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	32,750		0
Amounts owed to Parent undertakings	0		786
Taxation and social security	99,719		30,886
Other creditors	152,759		209,713
	285,228		241,385

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	18,183		22,682

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	280,045		315,735

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 0.01 each	1		1
100 Ordinary B shares of £ 0.01 each	1		1
100 Ordinary C shares of £ 0.01 each	1		1
	3		3