Company Registration No. 13354415 (England and Wales)
Shipyard Consulting Services Limited
Unaudited accounts
for the period from 1 May 2022 to 31 December 2022
Shipyard Consulting Services Limited
Unaudited accounts
Contents
Shipyard Consulting Services Limited
Company Information
for the period from 1 May 2022 to 31 December 2022
Company Number
13354415 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England
Shipyard Consulting Services Limited
Statement of financial position
as at 31 December 2022
Creditors: amounts falling due within one year
(13,593)
(5,111)
Net current assets
34,166
8,662
Called up share capital
1
1
Profit and loss account
34,165
8,661
Shareholders' funds
34,166
8,662
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2024 and were signed on its behalf by
Gareth E Lyons
Director
Company Registration No. 13354415
Shipyard Consulting Services Limited
Notes to the Accounts
for the period from 1 May 2022 to 31 December 2022
Shipyard Consulting Services Limited is a private company, limited by shares, registered in England and Wales, registration number 13354415. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
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Debtors
31/12/2022
30/04/2022
Amounts falling due within one year
Amounts due from group undertakings etc.
47,759
13,773
Shipyard Consulting Services Limited
Notes to the Accounts
for the period from 1 May 2022 to 31 December 2022
5
Creditors: amounts falling due within one year
31/12/2022
30/04/2022
Taxes and social security
8,213
2,231
6
Share capital
31/12/2022
30/04/2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
During the period the company received net contract fees of £345,133 (30.04.2022: £348,816) from Shipyard Consulting Services Limited, its parent company.
The company is under 100% control of Shipyard Consulting Services Limited, a company registered in Ireland, with the registered office at 93 Upper Georges Street Dun Laoghaire, Dublin, Ireland, A96 V1K8.
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Average number of employees
During the period the average number of employees was 4 (30/04/2022: 5).