Peter Nicholls Yacht Builders Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02855981

Peter Nicholls Yacht Builders Limited

Filleted Unaudited Financial Statements

31 July 2025

Peter Nicholls Yacht Builders Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Peter Nicholls Yacht Builders Limited

Balance Sheet

31 July 2025

	2025		2024
Note	£	£	£	£

Current assets

Debtors	4	730	570
Cash at bank and in hand		243	1,371
		----	-------
		973	1,941

Creditors: amounts falling due within one year	5	18,118		27,951
		--------		--------
Net current liabilities			17,145		26,010
			--------		--------
Total assets less current liabilities			( 17,145)		( 26,010)

Creditors: amounts falling due after more than one year	6	15,385	9,615
		--------	--------
Net liabilities		( 32,530)	( 35,625)
		--------	--------

Peter Nicholls Yacht Builders Limited

Balance Sheet (continued)

31 July 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 32,532)	( 35,627)
	--------	--------
Shareholders deficit	( 32,530)	( 35,625)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 May 2026 , and are signed on behalf of the board by:

Mr P J Nicholls
Director

Company registration number: 02855981

Peter Nicholls Yacht Builders Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The directors acknowledge the net liabilities of the company. In the opinion of the directors the company remains a going concern by virtue of continued financial support from the directors and shareholders.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

4. Debtors

	2025	2024
	£	£
Other debtors	730	570
	----	----

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	11,539
Trade creditors	959	–
Other creditors	17,159	16,412
	--------	--------
	18,118	27,951
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	15,385	9,615
	--------	-------

7. Directors' advances, credits and guarantees

Cost of sales includes £147,400 (2024: £147,586) relating to goods and services purchased at market value from an unincorporated partnership in which a director of this company is a partner. Included in other creditors is £7,373 (2024: £6,626) owed by the company to the unincorporated partnership. The loan is interest free and repayable on demand. A director had an interest free loan during the year. The loan is repayable on demand. There was no movement during the year with the company owing him £8,986 at the both the start and end of the year.