REGISTERED NUMBER: 06808375 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2023 to 31 August 2024

for

Moonraker Canalboats Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Kay

Ms N R Weir

REGISTERED OFFICE:

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

REGISTERED NUMBER:

06808375 (England and Wales)

FIXED ASSETS

Intangible assets

4

13,706

23,706

Tangible assets

5

79,426

374,960

93,132

398,666

CURRENT ASSETS

Stocks

-

3,500

Debtors

6

43,500

121,411

Cash at bank and in hand

17,666

1,740

61,166

126,651

CREDITORS

Amounts falling due within one year

7

74,445

210,821

NET CURRENT LIABILITIES

(13,279

)

(84,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,853

314,496

CREDITORS

Amounts falling due after more than one year

8

-

(37,799

)

PROVISIONS FOR LIABILITIES

(19,857

)

(93,740

)

NET ASSETS

59,996

182,957

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,896

182,857

SHAREHOLDERS' FUNDS

59,996

182,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Ms N R Weir - Director

D R Kay - Director

J M Bunce - Director

1.	STATUTORY INFORMATION

Moonraker Canalboats 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 as modified by the revaluation of certain assets.

The company ceased trading during the period and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Turnover

Turnover represents amounts receivable in respect of holidays taken during the year. Amounts received during the year in respect of future holidays are excluded. Turnover is stated net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Boats

- 5% reducing balance

Plant and machinery

- 20% straight line on cost

Fixtures and fittings

- 25% reducing balance

Motor vehicles

- 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2023

and 31 August 2024

100,000

AMORTISATION

At 1 March 2023

76,294

Amortisation for period

10,000

At 31 August 2024

86,294

NET BOOK VALUE

At 31 August 2024

13,706

At 28 February 2023

23,706

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Boats

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 March 2023

556,681

38,761

12,661

1,500

609,603

Disposals

(425,833

)

-

-

-

(425,833

)

At 31 August 2024

130,848

38,761

12,661

1,500

183,770

DEPRECIATION

At 1 March 2023

186,507

35,803

11,025

1,308

234,643

Charge for period

18,135

1,678

409

48

20,270

Eliminated on disposal

(150,569

)

-

-

-

(150,569

)

At 31 August 2024

54,073

37,481

11,434

1,356

104,344

NET BOOK VALUE

At 31 August 2024

76,775

1,280

1,227

144

79,426

At 28 February 2023

370,174

2,958

1,636

192

374,960

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

25,000

572

Other debtors

18,500

71,539

Directors' current accounts

-

28,193

Prepayments and accrued income

-

2,607

43,500

102,911

Amounts falling due after more than one year:

Other debtors

-

18,500

Aggregate amounts

43,500

121,411

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

52,019

Other loans

-

38,190

Trade creditors

190

-

Corporation tax

53,585

4,577

Social security and other taxes

471

(1,000

)

VAT

1,813

19,846

Other creditors

2,156

87,508

Directors' current accounts

-

6,288

Accruals and deferred income

16,230

3,393

74,445

210,821

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

17,975

Bank loans - 2-5 years

-

19,824

-

37,799

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

86,396

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2024 and the year ended 28 February 2023:

2024

2023

£

£

D R Kay

Balance outstanding at start of period

27,171

27,337

Amounts repaid

(27,171

)

(166

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

27,171

J M Bunce

Balance outstanding at start of period

1,021

1,333

Amounts repaid

(1,021

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

1,021

Ms N R Weir

Balance outstanding at start of period

(6,288

)

(12,496

)

Amounts advanced

6,288

7,195

Amounts repaid

-

(987

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

(6,288

)