Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-3022022-10-01falseOther transportation support activities2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03619915 2022-10-01 2023-09-30 03619915 2021-10-01 2022-09-30 03619915 2023-09-30 03619915 2022-09-30 03619915 c:Director1 2022-10-01 2023-09-30 03619915 d:FurnitureFittings 2022-10-01 2023-09-30 03619915 d:OfficeEquipment 2022-10-01 2023-09-30 03619915 d:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 03619915 d:OtherPropertyPlantEquipment 2023-09-30 03619915 d:OtherPropertyPlantEquipment 2022-09-30 03619915 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03619915 d:CurrentFinancialInstruments 2023-09-30 03619915 d:CurrentFinancialInstruments 2022-09-30 03619915 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03619915 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 03619915 d:ShareCapital 2023-09-30 03619915 d:ShareCapital 2022-09-30 03619915 d:CapitalRedemptionReserve 2023-09-30 03619915 d:CapitalRedemptionReserve 2022-09-30 03619915 d:RetainedEarningsAccumulatedLosses 2023-09-30 03619915 d:RetainedEarningsAccumulatedLosses 2022-09-30 03619915 c:OrdinaryShareClass1 2022-10-01 2023-09-30 03619915 c:OrdinaryShareClass1 2023-09-30 03619915 c:OrdinaryShareClass2 2022-10-01 2023-09-30 03619915 c:OrdinaryShareClass2 2023-09-30 03619915 c:FRS102 2022-10-01 2023-09-30 03619915 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03619915 c:FullAccounts 2022-10-01 2023-09-30 03619915 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03619915 2 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03619915









UNION SHIPPING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
UNION SHIPPING LIMITED
REGISTERED NUMBER: 03619915

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,993
3,549

Current assets
  

Debtors: amounts falling due within one year
 5 
74,075
82,955

Cash at bank and in hand
 6 
28,606
70,745

  
102,681
153,700

Creditors: amounts falling due within one year
 7 
(47,959)
(82,025)

Net current assets
  
 
 
54,722
 
 
71,675

Total assets less current liabilities
  
56,715
75,224

  

Net assets
  
56,715
75,224


Capital and reserves
  

Called up share capital 
 8 
100
100

Capital redemption reserve
  
50
50

Profit and loss account
  
56,565
75,074

  
56,715
75,224


Page 1

 
UNION SHIPPING LIMITED
REGISTERED NUMBER: 03619915
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by  




C Savage Esq
Director

Date: 27 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
UNION SHIPPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The company, incorporated in England and Wales, has its registered office at Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA.
The company's principal activity is that of freight forwarding services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
UNION SHIPPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.


Fixtures & Fittings
-
25%
reducing balance
Office Equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
UNION SHIPPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 October 2022
5,530


Additions
532


Disposals
(2,756)



At 30 September 2023

3,306



Depreciation


At 1 October 2022
1,981


Charge for the year on owned assets
869


Disposals
(1,537)



At 30 September 2023

1,313



Net book value



At 30 September 2023
1,993



At 30 September 2022
3,549

Page 5

 
UNION SHIPPING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
72,596
81,257

Prepayments
1,479
1,698

74,075
82,955



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
28,606
70,745

28,606
70,745



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
19,415
26,806

Corporation tax
18,513
43,446

Other taxation and social security
7,341
6,494

Other creditors
2,565
3,291

Accruals and deferred income
125
1,988

47,959
82,025



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 Ordinary 'A' shares of £1.00 each
50
50
50 Ordinary 'B' shares of £1.00 each
50
50

100

100


 
Page 6