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REGISTERED NUMBER: 03608044 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Inter Ship (U.K.) Limited

Inter Ship (U.K.) Limited (Registered number: 03608044)






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


Inter Ship (U.K.) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D M Kuhr-Jones





SECRETARY: Mrs D E Kuhr-Jones





REGISTERED OFFICE: 32 Scale Lane
Hull
East Yorkshire
HU1 1LF





REGISTERED NUMBER: 03608044 (England and Wales)






Inter Ship (U.K.) Limited (Registered number: 03608044)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,635 7,906
Investments 5 109 109
2,744 8,015

CURRENT ASSETS
Debtors 6 75,393 81,517
Cash at bank and in hand 13,197 13,702
88,590 95,219
CREDITORS
Amounts falling due within one year 7 61,206 57,051
NET CURRENT ASSETS 27,384 38,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,128

46,183

CREDITORS
Amounts falling due after more than one
year

8

9,223

16,325
NET ASSETS 20,905 29,858

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 15,905 24,858
20,905 29,858

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.

Inter Ship (U.K.) Limited (Registered number: 03608044)

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:





D M Kuhr-Jones - Director


Inter Ship (U.K.) Limited (Registered number: 03608044)

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

1. STATUTORY INFORMATION

Inter Ship (U.K.) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Inter Ship (U.K.) Limited (Registered number: 03608044)

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

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 28,531
DEPRECIATION
At 1 January 2023 20,625
Charge for year 5,271
At 31 December 2023 25,896
NET BOOK VALUE
At 31 December 2023 2,635
At 31 December 2022 7,906

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 21,083
DEPRECIATION
At 1 January 2023 13,177
Charge for year 5,271
At 31 December 2023 18,448
NET BOOK VALUE
At 31 December 2023 2,635
At 31 December 2022 7,906

Inter Ship (U.K.) Limited (Registered number: 03608044)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1,011
PROVISIONS
At 1 January 2023
and 31 December 2023 902
NET BOOK VALUE
At 31 December 2023 109
At 31 December 2022 109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 67,696 79,807
Other debtors 7,697 1,710
75,393 81,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 3,870 3,870
Trade creditors 33,528 32,106
Taxation and social security 4,535 3,274
Other creditors 15,273 13,801
61,206 57,051

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 6,643 10,520
Hire purchase contracts 2,580 5,805
9,223 16,325

Inter Ship (U.K.) Limited (Registered number: 03608044)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 10,643 14,520
Hire purchase contracts 6,450 9,675
17,093 24,195

Amounts due under hire purchase are secured against the assets to which the liability relates .

The bank loan is secured against a fixed and floating charge over the company's assets.

10. RELATED PARTY DISCLOSURES

During the year the company made payments to Mr and Mrs Kuhr-Jones for the rental of the business premises. The amounts are detailed below:


31.12.23 31.12.22
£ £
Rents paid 3,900 2,400

11. ULTIMATE CONTROLLING PARTY

The director controls the company as he owns 100% of the issued share capital.