Holes Bay Marine Limited - Filleted accounts

Registered number

03790103

Holes Bay Marine Limited

Filleted Accounts

30 June 2026

Holes Bay Marine Limited
Registered number:		03790103
Balance Sheet
as at 30 June 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		39,960			6,752

Current assets
Stocks		58,381			60,523
Debtors	4	53,099			41,767
Cash at bank and in hand		282,118			262,157
		393,598			364,447

Creditors: amounts falling due within one year	5	(64,464)			(71,425)

Net current assets			329,134			293,022

Total assets less current liabilities			369,094			299,774

Creditors: amounts falling due after more than one year	6		(25,275)			-

Provisions for liabilities			(7,592)			(1,100)


Net assets			336,227			298,674

Capital and reserves
Called up share capital			200			200
Profit and loss account			336,027			298,474

Shareholders' funds			336,227			298,674

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P L Spencer
Director
Approved by the board on 13 August 2026

Holes Bay Marine Limited
Notes to the Accounts
for the year ended 30 June 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and office equipment			20% reducing balance
	Computer equipment			33 1/3% straight line
	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised 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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Fixtures, fittings and office equipment		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2025	16,904		37,968		39,734		94,606
	Additions	10,516		-		36,067		46,583
	Disposals	-		-		(12,617)		(12,617)
	At 30 June 2026	27,420		37,968		63,184		128,572

	Depreciation
	At 1 July 2025	16,830		36,821		34,203		87,854
	Charge for the year	2,640		229		10,380		13,249
	On disposals	-		-		(12,491)		(12,491)
	At 30 June 2026	19,470		37,050		32,092		88,612

	Net book value
	At 30 June 2026	7,950		918		31,092		39,960
	At 30 June 2025	74		1,147		5,531		6,752


4	Debtors					2026		2025
£							£

	Trade debtors					21,310		28,556
	Other debtors					31,789		13,211
						53,099		41,767


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					5,453		-
	Trade creditors					50,599		42,181
	Directors' loan accounts					1,778		1,428
	Taxation and social security costs					5,736		25,739
	Other creditors					898		2,077
						64,464		71,425


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					25,275		-


7	Other information

	Holes Bay Marine Limited is a private company limited by shares and incorporated in England. Its registered office is:
	106 Sopwith Crescent
	Merley
	Wimborne
	Dorset
	BH21 1SP