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REGISTERED NUMBER: 05132271 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

UK SHIPPERS LIMITED

UK SHIPPERS LIMITED (REGISTERED NUMBER: 05132271)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK SHIPPERS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2021







DIRECTOR: G Casoria





REGISTERED OFFICE: 57 Woodside Road
Luton
Bedfordshire
LU1 4DJ





REGISTERED NUMBER: 05132271 (England and Wales)





ACCOUNTANTS: Fortus Midlands Limited
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

UK SHIPPERS LIMITED (REGISTERED NUMBER: 05132271)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,338

CURRENT ASSETS
Debtors 5 - 11,515
Cash at bank 2,141 25,783
2,141 37,298
CREDITORS
Amounts falling due within one year 6 - 38,951
NET CURRENT ASSETS/(LIABILITIES) 2,141 (1,653 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,141 1,685

PROVISIONS FOR LIABILITIES - 485
NET ASSETS 2,141 1,200

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,041 1,100
SHAREHOLDERS' FUNDS 2,141 1,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 31 August 2022 and were signed by:




G Casoria - Director


UK SHIPPERS LIMITED (REGISTERED NUMBER: 05132271)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021


1. STATUTORY INFORMATION

UK Shippers 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Going concern
The directors have considered the impact of COVID-19 in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

UK SHIPPERS LIMITED (REGISTERED NUMBER: 05132271)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2021 4,643 15,945 20,588
Disposals (4,643 ) (15,945 ) (20,588 )
At 31 December 2021 - - -
DEPRECIATION
At 1 January 2021 3,907 13,343 17,250
Charge for year 184 - 184
Eliminated on disposal (4,091 ) (13,343 ) (17,434 )
At 31 December 2021 - - -
NET BOOK VALUE
At 31 December 2021 - - -
At 31 December 2020 736 2,602 3,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 9,020
Prepayments - 2,495
- 11,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 3,631
Corporation tax - 275
VAT - 694
Director's loan account - 32,821
Accrued expenses - 1,530
- 38,951

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

UK SHIPPERS LIMITED (REGISTERED NUMBER: 05132271)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director operates a current account. At the year end he was owed £Nil from the company (2021: £32,821).