REGISTERED NUMBER: 06193698 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Pennine Cruisers Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mrs P A Clarke

I Clarke

Mrs Z L Venn

REGISTERED OFFICE:

19 Coach Street

Skipton

North Yorkshire

BD23 1LH

REGISTERED NUMBER:

06193698 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

No 1 Whitehall Riverside

1 Riverside Way

Leeds

West Yorkshire

LS1 4BN

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

210,411

155,420

210,412

155,421

CURRENT ASSETS

Stocks

39,827

49,923

Debtors

6

263,576

294,789

Cash in hand

-

4,727

303,403

349,439

CREDITORS

Amounts falling due within one year

7

244,926

290,413

NET CURRENT ASSETS

58,477

59,026

TOTAL ASSETS LESS CURRENT LIABILITIES

268,889

214,447

PROVISIONS FOR LIABILITIES

9

39,978

15,241

NET ASSETS

228,911

199,206

CAPITAL AND RESERVES

Called up share capital

10

20,000

20,000

Retained earnings

208,911

179,206

SHAREHOLDERS' FUNDS

228,911

199,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2026 and were signed on its behalf by:

Mrs Z L Venn - Director

1.	STATUTORY INFORMATION

Pennine Cruisers 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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.

Plant and machinery

-

5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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.

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 year was 9 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

80,000

AMORTISATION

At 1 February 2025

and 31 January 2026

79,999

NET BOOK VALUE

At 31 January 2026

1

At 31 January 2025

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

216,590

18,250

30,867

265,707

Additions

63,209

-

4,579

67,788

At 31 January 2026

279,799

18,250

35,446

333,495

DEPRECIATION

At 1 February 2025

65,432

16,933

27,922

110,287

Charge for year

10,718

197

1,882

12,797

At 31 January 2026

76,150

17,130

29,804

123,084

NET BOOK VALUE

At 31 January 2026

203,649

1,120

5,642

210,411

At 31 January 2025

151,158

1,317

2,945

155,420

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

137,919

121,148

Other debtors

122,509

170,450

Prepayments

3,148

3,191

263,576

294,789

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

32,724

20,697

Trade creditors

20,344

47,560

Tax

-

7,519

Social security and other taxes

5,336

4,569

VAT

38,763

29,593

Other creditors

144,999

177,555

Accrued expenses

2,760

2,920

244,926

290,413

Loans from directors are provided interest free and are repayable on demand.

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank overdrafts

29,574

8,097

Bank loans

3,150

12,600

32,724

20,697

The bank loan and overdraft are secured by a fixed and floating charge over the company's assets

9.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

39,978

15,241

Deferred

tax

£

Balance at 1 February 2025

15,241

Accelerated capital allowances

24,737

Balance at 31 January 2026

39,978

The entire provision of deferred tax is relating to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

20,000

Ordinary

1

20,000

20,000

11.	ULTIMATE CONTROLLING PARTY

The directors control the company due to holding 100% of the company's issued share capital.