IRIS Accounts Production v24.1.0.578 01502755 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015027552022-08-31015027552023-08-31015027552022-09-012023-08-31015027552021-08-31015027552021-09-012022-08-31015027552022-08-3101502755ns15:EnglandWales2022-09-012023-08-3101502755ns14:PoundSterling2022-09-012023-08-3101502755ns10:Director12022-09-012023-08-3101502755ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3101502755ns10:SmallEntities2022-09-012023-08-3101502755ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3101502755ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3101502755ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3101502755ns10:AbridgedAccounts2022-09-012023-08-3101502755ns10:CompanySecretary12022-09-012023-08-3101502755ns10:RegisteredOffice2022-09-012023-08-3101502755ns5:CurrentFinancialInstruments2023-08-3101502755ns5:CurrentFinancialInstruments2022-08-3101502755ns5:ShareCapital2023-08-3101502755ns5:ShareCapital2022-08-3101502755ns5:RetainedEarningsAccumulatedLosses2023-08-3101502755ns5:RetainedEarningsAccumulatedLosses2022-08-3101502755ns5:PlantMachinery2022-09-012023-08-31
REGISTERED NUMBER: 01502755 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

REWOOD SHIPPING LIMITED

REWOOD SHIPPING LIMITED (REGISTERED NUMBER: 01502755)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31st August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


REWOOD SHIPPING LIMITED

COMPANY INFORMATION
for the year ended 31st August 2023







DIRECTOR: C M Goodger





SECRETARY: Mrs J M Goodger





REGISTERED OFFICE: Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN





REGISTERED NUMBER: 01502755 (England and Wales)





ACCOUNTANTS: Chegwidden & Co
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex, RM6 4SN

REWOOD SHIPPING LIMITED (REGISTERED NUMBER: 01502755)

ABRIDGED BALANCE SHEET
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242 7,881

CURRENT ASSETS
Debtors 273,235 323,294
Cash at bank 163,569 172,520
436,804 495,814
CREDITORS
Amounts falling due within one year 351,142 402,443
NET CURRENT ASSETS 85,662 93,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,904

101,252

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 70,904 86,252
SHAREHOLDERS' FUNDS 85,904 101,252

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

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd July 2024 and were signed by:





C M Goodger - Director


REWOOD SHIPPING LIMITED (REGISTERED NUMBER: 01502755)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st August 2023

1. STATUTORY INFORMATION

Rewood Shipping 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

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 ) .

REWOOD SHIPPING LIMITED (REGISTERED NUMBER: 01502755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st August 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2022 34,913
Disposals (27,299 )
At 31st August 2023 7,614
DEPRECIATION
At 1st September 2022 27,032
Charge for year 238
Eliminated on disposal (19,898 )
At 31st August 2023 7,372
NET BOOK VALUE
At 31st August 2023 242
At 31st August 2022 7,881

5. SECURED DEBTS

Bank facilities are secured by two debentures.

6. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from C M Goodger, a director, in the sum of £436 (2022: £770 ) which is interest free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is C M Goodger.