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REGISTERED NUMBER: SC233010 (Scotland)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

RTV - Worldnet Shipping Limited

RTV - Worldnet Shipping Limited (Registered number: SC233010)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RTV - Worldnet Shipping Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs J M Ritchie
R W Ritchie





SECRETARY: Grant Smith Law Practice Limited





REGISTERED OFFICE: Unit 3 Burnside Industrial Centre
Wellheads Road
Dyce
Aberdeen
Aberdeenshire
AB21 7HG





REGISTERED NUMBER: SC233010 (Scotland)





ACCOUNTANT: Robert Thorne FCCA
Chartered Certified Accountant
The Annex
143 - 145 Stanwell Road
Ashford
Middlesex
TW15 3QN

RTV - Worldnet Shipping Limited (Registered number: SC233010)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,047 51,658

CURRENT ASSETS
Debtors 5 270,372 402,350
Cash at bank and in hand 994,447 652,685
1,264,819 1,055,035
CREDITORS
Amounts falling due within one year 6 394,676 284,778
NET CURRENT ASSETS 870,143 770,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,190

821,915

PROVISIONS FOR LIABILITIES 11,755 9,450
NET ASSETS 955,435 812,465

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 955,235 812,265
SHAREHOLDERS' FUNDS 955,435 812,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RTV - Worldnet Shipping Limited (Registered number: SC233010)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




Mrs J M Ritchie - Director



R W Ritchie - Director


RTV - Worldnet Shipping Limited (Registered number: SC233010)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

RTV - Worldnet Shipping Limited is a private company, limited by shares , registered in Scotland. 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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2022 - 7 ) .

RTV - Worldnet Shipping Limited (Registered number: SC233010)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 18,030 10,438 98,456 126,924
Additions - 280 94,957 95,237
Disposals - - (8,000 ) (8,000 )
At 30 November 2023 18,030 10,718 185,413 214,161
DEPRECIATION
At 1 December 2022 18,030 7,939 49,297 75,266
Charge for year - 1,320 40,528 41,848
At 30 November 2023 18,030 9,259 89,825 117,114
NET BOOK VALUE
At 30 November 2023 - 1,459 95,588 97,047
At 30 November 2022 - 2,499 49,159 51,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 249,543 391,305
Other debtors 20,829 11,045
270,372 402,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 17,748 -
Trade creditors 200,493 150,063
Taxation and social security 159,522 125,412
Other creditors 16,913 9,303
394,676 284,778