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REGISTERED NUMBER: 00729498 (England and Wales)













Unaudited Financial Statements for the Year Ended 30 December 2023

for

Shipway Bros. (Caterers) Limited

Shipway Bros. (Caterers) Limited (Registered number: 00729498)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Shipway Bros. (Caterers) Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: N J Tumelty
J P Tumelty





SECRETARY: J P Tumelty





REGISTERED OFFICE: The Lodge
45 Wellington Road
Dudley
West Midlands
DY1 1RD





REGISTERED NUMBER: 00729498 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shipway Bros. (Caterers) Limited

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shipway Bros. (Caterers) Limited for the year ended 30 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shipway Bros. (Caterers) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shipway Bros. (Caterers) Limited and state those matters that we have agreed to state to the Board of Directors of Shipway Bros. (Caterers) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shipway Bros. (Caterers) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shipway Bros. (Caterers) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shipway Bros. (Caterers) Limited. You consider that Shipway Bros. (Caterers) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shipway Bros. (Caterers) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


19 September 2024

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Balance Sheet
30 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,418 10,618

CURRENT ASSETS
Stocks 18,152 17,263
Debtors 5 6,968 9,798
Cash at bank and in hand 36,244 32,009
61,364 59,070
CREDITORS
Amounts falling due within one year 6 (60,208 ) (56,228 )
NET CURRENT ASSETS 1,156 2,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,574

13,460

CREDITORS
Amounts falling due after more than
one year

7

(34,891

)

(45,528

)
NET LIABILITIES (19,317 ) (32,068 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,417 ) (32,168 )
(19,317 ) (32,068 )

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Balance Sheet - continued
30 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:




J P Tumelty - Director



N J Tumelty - Director


Shipway Bros. (Caterers) Limited (Registered number: 00729498)

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

1. STATUTORY INFORMATION

Shipway Bros. (Caterers) 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.
Improvements to property - 15% on reducing balance and straight line over 6 years
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Notes to the Financial Statements - continued
for the Year Ended 30 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.

Going concern
At 30 December 2023 there was a deficiency of assets of £19,317. The company is dependant upon the continued financial support of creditors, it is understood that this support will continue. On this basis the director's considers it appropriate to prepare financial statements on a going concern basis. These financial statements do not include any adjustments which would arise if the accounts had not been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 31 December 2022 113,229 34,377 147,606
Additions 3,178 2,786 5,964
At 30 December 2023 116,407 37,163 153,570
DEPRECIATION
At 31 December 2022 105,936 31,052 136,988
Charge for year 1,315 849 2,164
At 30 December 2023 107,251 31,901 139,152
NET BOOK VALUE
At 30 December 2023 9,156 5,262 14,418
At 30 December 2022 7,293 3,325 10,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,015 7,171
Other debtors 1,953 2,627
6,968 9,798

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,279 16,171
Trade creditors 4,442 6,416
Taxation and social security 32,648 28,779
Other creditors 4,839 4,862
60,208 56,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 34,891 40,761
Other creditors - 4,767
34,891 45,528

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,138 10,008

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 11,289 9,181