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REGISTERED NUMBER: 03683720 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Heysham Ships Agency Limited

Heysham Ships Agency Limited (Registered number: 03683720)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heysham Ships Agency Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J R Gilmartin





REGISTERED OFFICE: Heysham Ships Agency Ltd
@ Kidds Transport Ltd
Caton Road
Lancaster
Lancashire
LA1 3PE





REGISTERED NUMBER: 03683720 (England and Wales)





ACCOUNTANTS: Kaydee Associates Ltd
Chartered Certified Accountants
Access House
141 Morden Road
Mitcham, Surrey
CR4 4DG

Heysham Ships Agency Limited (Registered number: 03683720)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,567 286,227
Investment property 5 543,596 -
545,163 286,227

CURRENT ASSETS
Debtors 6 180,547 553,689
Cash at bank 1,121,866 1,330,541
1,302,413 1,884,230
CREDITORS
Amounts falling due within one year 7 149,309 535,484
NET CURRENT ASSETS 1,153,104 1,348,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,698,267

1,634,973

PROVISIONS FOR LIABILITIES 267 359
NET ASSETS 1,698,000 1,634,614

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 8 1,697,994 1,634,608
1,698,000 1,634,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Heysham Ships Agency Limited (Registered number: 03683720)

Balance Sheet - continued
31 December 2023


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 8 April 2024 and were signed by:





J R Gilmartin - Director


Heysham Ships Agency Limited (Registered number: 03683720)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Heysham Ships Agency 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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Heysham Ships Agency Limited (Registered number: 03683720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 284,138 17,378 301,516
Trf to Investment Property (284,138 ) - (284,138 )
At 31 December 2023 - 17,378 17,378
DEPRECIATION
At 1 January 2023 - 15,289 15,289
Charge for year - 522 522
At 31 December 2023 - 15,811 15,811
NET BOOK VALUE
At 31 December 2023 - 1,567 1,567
At 31 December 2022 284,138 2,089 286,227

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Trf from Land & Buildings 284,138
Additions 259,458
At 31 December 2023 543,596
NET BOOK VALUE
At 31 December 2023 543,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 137,587 553,689
Other debtors 42,960 -
180,547 553,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 109,327 461,165
Taxation and social security 28,567 53,739
Other creditors 11,415 20,580
149,309 535,484

Heysham Ships Agency Limited (Registered number: 03683720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 1,634,608
Profit for the year 72,386
Dividends (9,000 )
At 31 December 2023 1,697,994