Registration number: 04566739

Boat Transport Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Boat Transport Limited

Company Information

Director

Mr G C Houghton

Company secretary

Mrs G S Houghton

Registered office and business address

7 Fairview Drive Hythe Southampton SO45 5GX

Accountants

Regulatory Accounting Ltd Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

Boat Transport Limited

(Registration number: 04566739)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	207,953	135,803
Current assets
Debtors	5	59,162	18,272
Cash at bank and in hand		1,349	610
		60,511	18,882
Creditors: Amounts falling due within one year	6	(84,867)	(95,952)
Net current liabilities		(24,356)	(77,070)
Total assets less current liabilities		183,597	58,733
Creditors: Amounts falling due after more than one year	6	(134,746)	(25,008)
Provisions for liabilities		(48,745)	(30,906)
Net assets		106	2,819
Capital and reserves
Called up share capital		101	101
Retained earnings		5	2,718
Shareholders' funds		106	2,819

Boat Transport Limited

(Registration number: 04566739)
Balance Sheet as at 31 October 2025

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 July 2026
 

......................................... Mr G C Houghton Director

Boat Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Fairview Drive
Hythe
Southampton
SO45 5GX
England

These financial statements were authorised for issue by the director on 10 July 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Going concern

As a result of this assessment, the directors have concluded that there are no material uncertainties arising that may cast significant doubt about the company's ability to continue as a going concern.

Revenue recognition

Turnover represents the total invoice value, excluding value added tax. Revenue is recognised at 50% up front when the work commences and the remaining 50% when the job is completed.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Boat Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance
Office Equipment	15% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a results of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discount basis.

Boat Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and are depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rental payments under operating leases are charged against income on a straight line basis over the leases term.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 5).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £
Cost or valuation
At 1 November 2024	4,483	11,622	164,452	151,036
Additions	-	499	135,000	-
Disposals	-	-	(48,000)	-
At 31 October 2025	4,483	12,121	251,452	151,036
Depreciation
At 1 November 2024	-	6,904	132,668	56,218
Charge for the year	-	782	37,899	9,481
Eliminated on disposal	-	-	(32,813)	-
At 31 October 2025	-	7,686	137,754	65,699
Carrying amount
At 31 October 2025	4,483	4,435	113,698	85,337
At 31 October 2024	4,483	4,718	31,784	94,818

Boat Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	Total £
Cost or valuation
At 1 November 2024	331,593
Additions	135,499
Disposals	(48,000)
At 31 October 2025	419,092
Depreciation
At 1 November 2024	195,790
Charge for the year	48,162
Eliminated on disposal	(32,813)
At 31 October 2025	211,139
Carrying amount
At 31 October 2025	207,953
At 31 October 2024	135,803

Included within the net book value of land and buildings above is £4,483 (2024 - £4,483) in respect of improvements to freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	6,470	120
Prepayments	2,169	2,338
Other debtors	50,523	15,814
	59,162	18,272

Boat Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	48,635	16,411
Trade creditors		16,830	56,875
Taxation and social security		339	1,652
Accruals and deferred income		3,177	5,601
Other creditors		15,886	15,413
		84,867	95,952

The bank overdraft is secured by a personal guarantee from the director.

The Hire Purchase agreements are secured over the assets they relate to.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	134,746	25,008

Included in the loans and borrowings are the following amounts due after more than five years:

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	19,363	25,008
Hire purchase contracts	115,383	-
	134,746	25,008

Boat Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Bank borrowings

Bounce Back Loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 31 July 2029. The carrying amount at year end is £25,547 (2024 - £31,042). Amount due in Under 1 Year: £6,185 Amount due between 1-5 Years: £19,362 Amount due Over 5 Years: £0

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,185	6,035
Bank overdrafts	1,719	10,376
Hire purchase contracts	40,731	-
	48,635	16,411

8	Related party transactions

2025	At 1 November 2024 £	Advances to director £	Repayments by director £	At 31 October 2025 £
Mr G C Houghton
Net Transactions	10,777	82,346	(65,006)	28,117

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
Mr G C Houghton
Net Transactions	22,711	92,153	(104,088)	10,777

This loan has been charged interest in line with HMRC's official base rate. There are no set repayment terms for the outstanding balance.