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Company Registration No. 14489020 (England and Wales)
Small Boat Services Ltd Unaudited accounts for the year ended 30 November 2025
Small Boat Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Small Boat Services Ltd Company Information for the year ended 30 November 2025
Directors
A D Logan R Logan
Company Number
14489020 (England and Wales)
Registered Office
31 Saltmarsh Lane Hayling Island Hampshire PO11 0JT
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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Small Boat Services Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
27,529
16,870
Current assets
Inventories
5
4,700
4,800
Debtors
6
7,293
1,905
Cash at bank and in hand
12,537
37,009
24,530
43,714
Creditors: amounts falling due within one year
7
(6,206)
(11,833)
Net current assets
18,324
31,881
Total assets less current liabilities
45,853
48,751
Provisions for liabilities
Deferred tax
(5,231)
(3,205)
Net assets
40,622
45,546
Capital and reserves
Profit and loss account
40,622
45,546
Shareholders' funds
40,622
45,546
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by
A D Logan Director Company Registration No. 14489020
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Small Boat Services Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Small Boat Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14489020. The registered office is 31 Saltmarsh Lane, Hayling Island, Hampshire, PO11 0JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery - 10% reducing balance Motor vehicles - 20% reducing balance Computer equipment - 33% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Small Boat Services Ltd Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
14,736
7,000
1,335
23,071
Additions
-
16,500
-
16,500
At 30 November 2025
14,736
23,500
1,335
39,571
Depreciation
At 1 December 2024
2,800
2,520
881
6,201
Charge for the year
1,194
4,196
451
5,841
At 30 November 2025
3,994
6,716
1,332
12,042
Net book value
At 30 November 2025
10,742
16,784
3
27,529
At 30 November 2024
11,936
4,480
454
16,870
5
Inventories
2025
2024
£
£
Raw materials
4,700
4,800
4,700
4,800
Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,903
1,514
Accrued income and prepayments
289
290
Other debtors
101
101
7,293
1,905
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,528
2,470
Trade creditors
345
1,446
Taxes and social security
807
6,592
Loans from directors
248
337
Accruals
1,278
988
6,206
11,833
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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