REGISTERED NUMBER: 05010865 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Stephen Ratsey Sailmakers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Williams

REGISTERED OFFICE:

Williamston House

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

05010865 (England and Wales)

FIXED ASSETS

Tangible assets

4

17,073

22,047

CURRENT ASSETS

Stocks

93,592

96,216

Debtors

5

38,896

50,182

Cash at bank and in hand

19,473

23,600

151,961

169,998

CREDITORS

Amounts falling due within one year

6

44,243

37,054

NET CURRENT ASSETS

107,718

132,944

TOTAL ASSETS LESS CURRENT LIABILITIES

124,791

154,991

PROVISIONS FOR LIABILITIES

4,268

5,511

NET ASSETS

120,523

149,480

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

120,423

149,380

SHAREHOLDERS' FUNDS

120,523

149,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 August 2026 and were signed by:

D Williams - Director

1.	STATUTORY INFORMATION

Stephen Ratsey Sailmakers 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.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance and Straight line over 3 years

Motor vehicles

-

25% on reducing balance

Office Equipment

-

15% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 January 2025

42,653

29,499

15,065

87,217

Disposals

-

(5,000

)

-

(5,000

)

At 31 December 2025

42,653

24,499

15,065

82,217

DEPRECIATION

At 1 January 2025

37,175

14,338

13,657

65,170

Charge for year

821

3,740

211

4,772

Eliminated on disposal

-

(4,798

)

-

(4,798

)

At 31 December 2025

37,996

13,280

13,868

65,144

NET BOOK VALUE

At 31 December 2025

4,657

11,219

1,197

17,073

At 31 December 2024

5,478

15,161

1,408

22,047

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

35,054

50,182

Other debtors

3,842

-

38,896

50,182

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

25,308

7,291

Tax

-

10,274

Social security and other taxes

1,398

2,247

VAT

11,967

13,652

Directors' current accounts

2,644

830

Accrued expenses

2,926

2,760

44,243

37,054

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

D Williams

Balance outstanding at start of year

(830

)

(1,569

)

Amounts advanced

8,186

739

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,644

)

(830

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2024 - £27,500) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D Williams.