REGISTERED NUMBER: 09254665 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SPINNAKER CHANDLERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S D Coombes

SECRETARY:

Mrs L Coombes

REGISTERED OFFICE:

Spinnaker Chandlery

Embankment Road

Bembridge

Isle of Wight

PO35 5NR

REGISTERED NUMBER:

09254665 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

22,676

6,659

CURRENT ASSETS

Stocks

5

405,000

436,750

Debtors

6

15,281

13,610

Cash at bank and in hand

393,901

365,484

814,182

815,844

CREDITORS

Amounts falling due within one year

7

593,977

577,397

NET CURRENT ASSETS

220,205

238,447

TOTAL ASSETS LESS CURRENT LIABILITIES

242,881

245,106

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

242,781

245,006

SHAREHOLDERS' FUNDS

242,881

245,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 May 2026 and were signed by:

Mr S D Coombes - Director

1.	STATUTORY INFORMATION

Spinnaker Chandlery Limited 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2024

16,804

Additions

18,593

At 31 October 2025

35,397

DEPRECIATION

At 1 November 2024

10,145

Charge for year

2,576

At 31 October 2025

12,721

NET BOOK VALUE

At 31 October 2025

22,676

At 31 October 2024

6,659

5.

STOCKS

2025

2024

£

£

Stocks

405,000

436,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,236

11,527

Prepayments and accrued income

2,045

2,083

15,281

13,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

37,924

25,493

Corporation tax

2,745

10,061

VAT

13,805

15,559

Directors' current accounts

537,118

524,034

Accrued expenses

2,385

2,250

593,977

577,397

The directors' current account consists of £92,468 (2024: £96,869) owed to Mrs L Coombes, £49,288 (2024: £49,288) owed to Mr B Coombes, and £395,362 (2024: £377,877) owed to Mr S Coombes.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

35

Ordinary B

£1

35

35

13

Ordinary C

£1

13

13

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S D Coombes.