REGISTERED NUMBER: 00722233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

WHISPERING REEDS BOATS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A Tusting

Mr J B Tusting

SECRETARY:

Mr J B Tusting

REGISTERED OFFICE:

124 Thorpe Road

Norwich

NR1 1RS

REGISTERED NUMBER:

00722233 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

4

43,538

47,568

CURRENT ASSETS

Stocks

2,886

2,886

Debtors

5

15,201

12,917

Cash at bank and in hand

12,774

15,525

30,861

31,328

CREDITORS

Amounts falling due within one year

6

66,755

60,846

NET CURRENT LIABILITIES

(35,894

)

(29,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,644

18,050

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

5,644

16,050

7,644

18,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 22 September 2026 and were signed on its behalf by:

Mr J B Tusting - Director

1.	STATUTORY INFORMATION

Whispering Reeds Boats 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.

The financial statements have been prepared on the going concern basis which assumes the continued support of the directors.

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.

Hire fleet and equipment

-

25% on cost, 25% on reducing balance, 15% on reducing balance and 5% 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.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Hire fleet

Land and

and

buildings

equipment

Totals

£

£

£

COST

At 1 October 2024

21,778

133,633

155,411

Disposals

-

(1,250

)

(1,250

)

At 30 September 2025

21,778

132,383

154,161

DEPRECIATION

At 1 October 2024

21,778

86,065

107,843

Charge for year

-

4,030

4,030

Eliminated on disposal

-

(1,250

)

(1,250

)

At 30 September 2025

21,778

88,845

110,623

NET BOOK VALUE

At 30 September 2025

-

43,538

43,538

At 30 September 2024

-

47,568

47,568

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,754

2,547

Other debtors

13,447

10,370

15,201

12,917

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,432

5,416

Taxation and social security

1,894

1,077

Other creditors

59,429

54,353

66,755

60,846

7.	OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments at the balance sheet date of £7,500 per annum.