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REGISTERED NUMBER: 04286329 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Immingham Tankwash Limited

Immingham Tankwash Limited (Registered number: 04286329)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Immingham Tankwash Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S E Giles
L K Giles





REGISTERED OFFICE: Middleplatt Road
Immingham
North Lincolnshire
DN40 1AH





REGISTERED NUMBER: 04286329 (England and Wales)

Immingham Tankwash Limited (Registered number: 04286329)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,372 67,279

CURRENT ASSETS
Debtors 5 204,517 208,483
Cash at bank 117,458 53,542
321,975 262,025
CREDITORS
Amounts falling due within one year 6 121,795 113,856
NET CURRENT ASSETS 200,180 148,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,552

215,448

CREDITORS
Amounts falling due after more than one
year

7

(102,592

)

(30,001

)

PROVISIONS FOR LIABILITIES (26,671 ) (10,898 )
NET ASSETS 244,289 174,549

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 244,189 174,449
SHAREHOLDERS' FUNDS 244,289 174,549

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





S E Giles - Director


Immingham Tankwash Limited (Registered number: 04286329)

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

1. STATUTORY INFORMATION

Immingham Tankwash 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 cost
Plant and machinery - 15% on reducing balance and 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 - 6 ) .

Immingham Tankwash Limited (Registered number: 04286329)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 4,855 181,555 4,384
Additions - 10,150 -
At 30 September 2023 4,855 191,705 4,384
DEPRECIATION
At 1 October 2022 4,855 130,495 3,607
Charge for year - 7,740 117
At 30 September 2023 4,855 138,235 3,724
NET BOOK VALUE
At 30 September 2023 - 53,470 660
At 30 September 2022 - 51,060 777

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 52,546 3,915 247,255
Additions 122,746 - 132,896
At 30 September 2023 175,292 3,915 380,151
DEPRECIATION
At 1 October 2022 37,467 3,552 179,976
Charge for year 18,892 54 26,803
At 30 September 2023 56,359 3,606 206,779
NET BOOK VALUE
At 30 September 2023 118,933 309 173,372
At 30 September 2022 15,079 363 67,279

Included within the above are assets on HP with a cost value of £130,146 and depreciation to date of £19,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 47,975 69,573
Directors' current accounts 111,537 84,328
S455 Tax 34,936 25,753
Prepayments 156 120
Accrued income 9,913 28,709
204,517 208,483

Immingham Tankwash Limited (Registered number: 04286329)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 9,808
Hire purchase contracts 20,319 2,550
Trade creditors 9,079 16,507
Taxation and social security 33,485 56,113
Other creditors 48,912 28,878
121,795 113,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 17,500 27,703
Hire purchase contracts 85,092 2,298
102,592 30,001

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
S E Giles
Balance outstanding at start of year 84,328 84,370
Amounts advanced 53,477 3,724
Amounts repaid (26,268 ) (3,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 111,537 84,328

The Directors loan account is interest free and payable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S E Giles.