LIVERPOOL PILOTAGE SERVICES LIMITED 03358234 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is marine pilotage services. Digita Accounts Production Advanced 6.30.9574.0 true true 03358234 2023-01-01 2023-12-31 03358234 2023-12-31 03358234 core:CurrentFinancialInstruments 2023-12-31 03358234 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03358234 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 03358234 core:FurnitureFittingsToolsEquipment 2023-12-31 03358234 core:PlantMachinery 2023-12-31 03358234 bus:SmallEntities 2023-01-01 2023-12-31 03358234 bus:Audited 2023-01-01 2023-12-31 03358234 bus:FullAccounts 2023-01-01 2023-12-31 03358234 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03358234 bus:RegisteredOffice 2023-01-01 2023-12-31 03358234 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 03358234 bus:Director2 2023-01-01 2023-12-31 03358234 bus:Director3 2023-01-01 2023-12-31 03358234 bus:Director4 2023-01-01 2023-12-31 03358234 bus:Director5 2023-01-01 2023-12-31 03358234 bus:Director7 2023-01-01 2023-12-31 03358234 bus:Director8 2023-01-01 2023-12-31 03358234 bus:Director9 2023-01-01 2023-12-31 03358234 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03358234 core:ComputerEquipment 2023-01-01 2023-12-31 03358234 core:ConstructionInProgressAssetsUnderConstruction 2023-01-01 2023-12-31 03358234 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03358234 core:LandBuildings 2023-01-01 2023-12-31 03358234 core:ToolsEquipment 2023-01-01 2023-12-31 03358234 countries:EnglandWales 2023-01-01 2023-12-31 03358234 2022-12-31 03358234 core:ConstructionInProgressAssetsUnderConstruction 2022-12-31 03358234 core:FurnitureFittingsToolsEquipment 2022-12-31 03358234 2022-01-01 2022-12-31 03358234 2022-12-31 03358234 core:CurrentFinancialInstruments 2022-12-31 03358234 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03358234 core:ConstructionInProgressAssetsUnderConstruction 2022-12-31 03358234 core:FurnitureFittingsToolsEquipment 2022-12-31 03358234 core:PlantMachinery 2022-12-31 03358234 core:RevaluationReserve 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

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Registration number: 03358234

LIVERPOOL PILOTAGE SERVICES LIMITED

Filleted Financial Statements

for the Year Ended 31 December 2023

 

LIVERPOOL PILOTAGE SERVICES LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

LIVERPOOL PILOTAGE SERVICES LIMITED

Company Information

Directors

S McDougall

SS Birrell

J H Curry

FP D'Ascanio

C D Gatenby

PG Schoneveld

DE Wardle

AR Wentel

Company secretary

S McDougall

Registered office

Stanhope House
Mark Rake
Wirral
Merseyside
CH62 2DN

 

Auditors

Pennington Williams Limited
Chartered Certified Accountants and Statutory Auditors
Stanhope House
Mark Rake
Wirral
Merseyside
CH62 2DN

 

LIVERPOOL PILOTAGE SERVICES LIMITED

(Registration number: 03358234)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

59,851

44,986

Current assets

 

Debtors

5

45,575

46,806

Cash at bank and in hand

 

251,444

175,774

 

297,019

222,580

Creditors: Amounts falling due within one year

6

(190,141)

(167,184)

Net current assets

 

106,878

55,396

Total assets less current liabilities

 

166,729

100,382

Provisions for liabilities

(13,721)

(10,519)

Net assets

 

153,008

89,863

Capital and reserves

 

Called up share capital

55

55

Revaluation reserve

21,842

21,842

Retained earnings

131,111

67,966

Shareholders' funds

 

153,008

89,863

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2024 and signed on its behalf by:
 

.........................................
S McDougall
Company secretary and director

.........................................
FP D'Ascanio
Director

 
     
 

LIVERPOOL PILOTAGE SERVICES LIMITED

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stanhope House
Mark Rake
Wirral
Merseyside
CH62 2DN
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 3 June 2024 was Mrs Lisa Jane Taylor FCCA, who signed for and on behalf of Pennington Williams Limited.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

LIVERPOOL PILOTAGE SERVICES LIMITED

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

10% on reducing balance

Equipment

25% on reducing balance

Computer equipment

25% on reducing balance

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

LIVERPOOL PILOTAGE SERVICES LIMITED

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

3

Staff numbers

The average number of persons employed by the company during the year, was 2 (2022 - 6).

4

Tangible assets

Furniture, fittings and equipment
 £

Improvements to property
 £

Total
£

Cost or valuation

At 1 January 2023

201,893

6,101

207,994

Additions

21,455

2,763

24,218

At 31 December 2023

223,348

8,864

232,212

Depreciation

At 1 January 2023

158,567

4,441

163,008

Charge for the year

8,910

443

9,353

At 31 December 2023

167,477

4,884

172,361

Carrying amount

At 31 December 2023

55,871

3,980

59,851

At 31 December 2022

43,326

1,660

44,986

Revaluation

The fair value of the company's Equipment was revalued on 31 December 2020. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £194,225 (2022 - £172,757).

 

LIVERPOOL PILOTAGE SERVICES LIMITED

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

5

Debtors

2023
£

2022
£

Trade debtors

8,641

11,928

Prepayments

36,712

34,729

Other debtors

222

149

45,575

46,806

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,528

-

Taxation and social security

43,437

30,920

Accruals and deferred income

58,514

44,290

Other creditors

84,662

91,974

190,141

167,184

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(1,748)

(1,748)