Alicat Workboats Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06890804

Alicat Workboats Limited

Unaudited financial statements

For the year ended

29 October 2025

Alicat Workboats Limited

Statement of financial position

29 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		276,701		410,844

Current assets

Stocks		150,468	74,594
Debtors	7	1,185,923	1,302,520
Cash at bank and in hand		1,474,365	1,374,348
		-----------	-----------
		2,810,756	2,751,462

Creditors: Amounts falling due within one year	8	( 717,407)		( 1,029,651)
		-----------		-----------
Net current assets			2,093,349		1,721,811
			-----------		-----------
Total assets less current liabilities			2,370,050		2,132,655

Creditors: Amounts falling due after more than one year	9		( 194,694)		( 241,795)

Provisions

Taxation including deferred tax	( 27,296)	( 56,295)
	-----------	-----------
Net assets	2,148,060	1,834,565
	-----------	-----------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	2,138,060	1,824,565
	-----------	-----------
Shareholders funds	2,148,060	1,834,565
	-----------	-----------

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 income statement has not been delivered.

For the year ending 29 October 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 .

Alicat Workboats Limited

Statement of financial position (continued)

29 October 2025

These financial statements were approved by the board of directors and authorised for issue on 17 July 2026 , and are signed on behalf of the board by:

S Coote	S Thacker
Director	Director

Company registration number: 06890804

Alicat Workboats Limited

Notes to the financial statements

Year ended 29 October 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 Alicat Workboats Limited , Southtown Road, Great Yarmouth, Norfolk, NR31 0JJ england.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Patents	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property improvements	-	14% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of employees during the year was 33 (2024: 31 ).

5. Intangible assets

	Patents
	£
Cost
At 30 October 2024 and 29 October 2025	38,310
	-------
Amortisation
At 30 October 2024 and 29 October 2025	38,310
	-------
Carrying amount
At 29 October 2025	–
	-------
At 29 October 2024	–
	-------

6. Tangible assets

	Leasehold property improvements	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 30 October 2024	62,978	627,886	4,852	516,979	24,243	1,236,938
Additions	–	38,732	–	–	–	38,732
	-------	---------	------	---------	-------	-----------
At 29 October 2025	62,978	666,618	4,852	516,979	24,243	1,275,670
	-------	---------	------	---------	-------	-----------
Depreciation
At 30 October 2024	56,650	523,093	4,852	222,400	19,099	826,094
Charge for the year	6,325	60,158	–	104,676	1,716	172,875
	-------	---------	------	---------	-------	-----------
At 29 October 2025	62,975	583,251	4,852	327,076	20,815	998,969
	-------	---------	------	---------	-------	-----------
Carrying amount
At 29 October 2025	3	83,367	–	189,903	3,428	276,701
	-------	---------	------	---------	-------	-----------
At 29 October 2024	6,328	104,793	–	294,579	5,144	410,844
	-------	---------	------	---------	-------	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,066,782	778,893
Other debtors	119,141	523,627
	-----------	-----------
	1,185,923	1,302,520
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	12,435	283,408
Amounts owed to group undertakings and undertakings in which the company has a participating interest	298,727	432,096
Social security and other taxes	199,501	105,950
Other creditors	206,744	208,197
	---------	-----------
	717,407	1,029,651
	---------	-----------

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	194,694	241,795
	---------	---------

10. Directors' advances, credits and guarantees

At 29 October 2025, the company was owed £25,000 (2024: £25,000) by Mr S Thacker being the balance on his interest free directors loan account.

11. Related party transactions

During the year the company paid 2SD Limited, the parent company, £100,000 (2024: £60,000) in management charges. At the year end the company owed Richards Dry Dock and Engineering Limited £49,290 (2024: £143,830) and owed 2SD Limited £249,437 (2024: £288,266).