REGISTERED NUMBER: 05520742 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

RICHARDSONS YACHT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Richardson

Mrs C Richardson

SECRETARY:

Mrs C Richardson

REGISTERED OFFICE:

36a Station Road

New Milton

Hampshire

BH25 6JX

REGISTERED NUMBER:

05520742 (England and Wales)

ACCOUNTANTS:

David Shores & Co Ltd

36a Station Road

New Milton

Hampshire

BH25 6JX

FIXED ASSETS

Intangible assets

4

-

4,000

Tangible assets

5

97,363

71,518

97,363

75,518

CURRENT ASSETS

Stocks

342,403

317,649

Debtors

6

102,687

120,912

Cash at bank and in hand

117,172

152,381

562,262

590,942

CREDITORS

Amounts falling due within one year

7

160,677

153,006

NET CURRENT ASSETS

401,585

437,936

TOTAL ASSETS LESS CURRENT LIABILITIES

498,948

513,454

PROVISIONS FOR LIABILITIES

16,525

10,709

NET ASSETS

482,423

502,745

CAPITAL AND RESERVES

Called up share capital

525

525

Capital redemption reserve

375

375

Retained earnings

481,523

501,845

SHAREHOLDERS' FUNDS

482,423

502,745

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 directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

T P Richardson - Director

1.	STATUTORY INFORMATION

Richardsons Yacht Services 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortized cost, being the transaction price less any amounts settled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employment benefits

The costs of short-term employee benefits are recognized as a liability and an expense, unless those costs are required to be recognized as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognized in the period in which the employee's services are received.

Termination benefits are recognized immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognized when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Intangible assets

Goodwill, being the amount paid in connection with the acquisitions of businesses are being amortised evenly over its estimated useful life.

The businesses were acquired in 2005 and 2022 and have useful lives of 20 and 2 years respectively

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

124,000

AMORTISATION

At 1 November 2024

120,000

Amortisation for year

4,000

At 31 October 2025

124,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

4,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 November 2024

31,263

96,968

2,574

Additions

-

37,950

-

At 31 October 2025

31,263

134,918

2,574

DEPRECIATION

At 1 November 2024

-

61,281

2,176

Charge for year

-

11,045

59

At 31 October 2025

-

72,326

2,235

NET BOOK VALUE

At 31 October 2025

31,263

62,592

339

At 31 October 2024

31,263

35,687

398

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

9,295

18,736

158,836

Additions

-

2,958

40,908

At 31 October 2025

9,295

21,694

199,744

DEPRECIATION

At 1 November 2024

7,865

15,996

87,318

Charge for year

214

3,745

15,063

At 31 October 2025

8,079

19,741

102,381

NET BOOK VALUE

At 31 October 2025

1,216

1,953

97,363

At 31 October 2024

1,430

2,740

71,518

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

69,390

102,677

Other debtors

33,297

18,235

102,687

120,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,457

34,558

Taxation and social security

66,117

80,312

Other creditors

58,103

38,136

160,677

153,006

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

35,000

35,000

Between one and five years

140,000

140,000

In more than five years

40,833

75,833

215,833

250,833

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs T Richardson.