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REGISTERED NUMBER: 11363995 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

The Ship'S Cat Limited

The Ship'S Cat Limited (Registered number: 11363995)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


The Ship'S Cat Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: L M Caush





REGISTERED OFFICE: The Ship'S Cat Union Road
Tanners Bank
North Shields
United Kingdom
NE30 1JH





REGISTERED NUMBER: 11363995 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Ship'S Cat 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 Income Statement and certain other primary statements and the Report of the Director 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 The Ship'S Cat Limited for the year ended 31 January 2024 which comprise the Income Statement, 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 director of The Ship'S Cat Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ship'S Cat Limited and state those matters that we have agreed to state to the director of The Ship'S Cat Limited 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 The Ship'S Cat Limited and its director for our work or for this report.

It is your duty to ensure that The Ship'S Cat 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 The Ship'S Cat Limited. You consider that The Ship'S Cat 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 The Ship'S Cat 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.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


18 September 2024

The Ship'S Cat Limited (Registered number: 11363995)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,456 180,636

CURRENT ASSETS
Stocks 5 7,500 6,500
Debtors 6 210,195 212,741
Cash at bank and in hand 24,222 115,219
241,917 334,460
CREDITORS
Amounts falling due within one year 7 81,649 185,670
NET CURRENT ASSETS 160,268 148,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,724

329,426

CREDITORS
Amounts falling due after more than one
year

8

(30,139

)

(35,474

)

PROVISIONS FOR LIABILITIES (28,625 ) (29,446 )
NET ASSETS 277,960 264,506

The Ship'S Cat Limited (Registered number: 11363995)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 277,959 264,505
277,960 264,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 18 September 2024 and were signed by:





L M Caush - Director


The Ship'S Cat Limited (Registered number: 11363995)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Ship'S Cat 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 - 20% on cost per annum
Plant and machinery - 15% on reducing balance per annum
Motor vehicles - 25% on reducing balance per annum

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 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.

The Ship'S Cat Limited (Registered number: 11363995)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 18 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023 101,928 162,416 16,499 280,843
Additions 30,836 9,494 - 40,330
At 31 January 2024 132,764 171,910 16,499 321,173
DEPRECIATION
At 1 February 2023 46,948 44,492 8,767 100,207
Charge for year 23,856 18,722 1,932 44,510
At 31 January 2024 70,804 63,214 10,699 144,717
NET BOOK VALUE
At 31 January 2024 61,960 108,696 5,800 176,456
At 31 January 2023 54,980 117,924 7,732 180,636

5. STOCKS
2024 2023
£    £   
Stocks 7,500 6,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 210,195 212,741

The Ship'S Cat Limited (Registered number: 11363995)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,520 5,520
Amounts owed to associates - 64,000
Tax 26,601 51,419
Social security and other taxes 14,454 26,756
VAT 29,906 29,378
Directors' current accounts 5,168 5,947
Accruals and deferred income - 2,650
81,649 185,670

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,040 11,040
Bank loans 19,099 24,434
30,139 35,474

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
L M Caush
Balance outstanding at start of year - 68,634
Amounts repaid - (68,634 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -