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REGISTERED NUMBER: 07351306 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Diplomatic Transhipment Services Limited

Diplomatic Transhipment Services Limited (Registered number: 07351306)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

Diplomatic Transhipment Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr James Grime





SECRETARY: Mr James Grime





REGISTERED OFFICE: 5a Charlwood Road
East Grinstead
West Sussex
RH19 2HG





REGISTERED NUMBER: 07351306 (England and Wales)





ACCOUNTANT: Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB

Diplomatic Transhipment Services Limited (Registered number: 07351306)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,068 10,662

CURRENT ASSETS
Debtors 5 572,432 253,871
Cash at bank and in hand 445,963 711,739
1,018,395 965,610
CREDITORS
Amounts falling due within one year 297,583 319,005
NET CURRENT ASSETS 720,812 646,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,880

657,267

CREDITORS
Amounts falling due after more than one
year

86,867

119,730
NET ASSETS 663,013 537,537

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 662,913 537,437
SHAREHOLDERS' FUNDS 663,013 537,537

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.

Diplomatic Transhipment Services Limited (Registered number: 07351306)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 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 5 September 2024 and were signed by:





Mr James Grime - Director


Diplomatic Transhipment Services Limited (Registered number: 07351306)

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

1. STATUTORY INFORMATION

Diplomatic Transhipment Services 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 - 33% on cost
Motor vehicles - 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.

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 8 (2022 - 9 ) .

Diplomatic Transhipment Services Limited (Registered number: 07351306)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 45,464
Additions 26,602
At 31 December 2023 72,066
DEPRECIATION
At 1 January 2023 34,802
Charge for year 8,198
Charge written back (2 )
At 31 December 2023 42,998
NET BOOK VALUE
At 31 December 2023 29,068
At 31 December 2022 10,662

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 344,490 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr James Grime
Balance outstanding at start of year - -
Amounts advanced 270 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 270 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,750 were paid to the director .

Diplomatic Transhipment Services Limited (Registered number: 07351306)

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

8. RELATED PARTY DISCLOSURES - continued

Exia Management Ltd is a company which is 50% controlled and managed by the company directors Mr James Martin Grime.
Amount receivable from Exia Management Ltd as at balance sheet date was £336,500.00 (2022: £Nil)

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr James Grime.

Diplomatic Transhipment Services Limited

Report of the Accountant to the Director of
Diplomatic Transhipment Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB


5 September 2024