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REGISTERED NUMBER: 01713656 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

DAVID BRUCE & CO. (SHIPPING) LIMITED

DAVID BRUCE & CO. (SHIPPING) LIMITED (REGISTERED NUMBER: 01713656)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID BRUCE & CO. (SHIPPING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: A J De Rosa



SECRETARY: A J De Rosa



REGISTERED OFFICE: 4 Pondfield Road
Kenley
Surrey
CR8 5JX



REGISTERED NUMBER: 01713656 (England and Wales)



ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ



BANKERS: Clydesdale Bank Plc
91 Gresham Street
London
London
EC2V 7BL

DAVID BRUCE & CO. (SHIPPING) LIMITED (REGISTERED NUMBER: 01713656)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 587 691
Investments 5 5,000 5,000
5,587 5,691

CURRENT ASSETS
Debtors 6 26,095 943
Cash at bank 8,071 57,751
34,166 58,694
CREDITORS
Amounts falling due within one year 7 29,808 16,025
NET CURRENT ASSETS 4,358 42,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,945

48,360

CAPITAL AND RESERVES
Called up share capital 8,600 8,600
Capital redemption reserve 1,400 1,400
Retained earnings (55 ) 38,360
SHAREHOLDERS' FUNDS 9,945 48,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

DAVID BRUCE & CO. (SHIPPING) LIMITED (REGISTERED NUMBER: 01713656)

BALANCE SHEET - continued
31ST DECEMBER 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 director and authorised for issue on 29th August 2024 and were signed by:





A J De Rosa - Director


DAVID BRUCE & CO. (SHIPPING) LIMITED (REGISTERED NUMBER: 01713656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

David Bruce & Co. (Shipping) 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 etc - 33% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 13,469
DEPRECIATION
At 1st January 2023 12,778
Charge for year 104
At 31st December 2023 12,882
NET BOOK VALUE
At 31st December 2023 587
At 31st December 2022 691

DAVID BRUCE & CO. (SHIPPING) LIMITED (REGISTERED NUMBER: 01713656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 5,000
NET BOOK VALUE
At 31st December 2023 5,000
At 31st December 2022 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 26,095 943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 10,000 10,000
Taxation and social security 318 597
Other creditors 19,490 5,428
29,808 16,025

8. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from the director totalling £17,441 (2022: £0). These loans are interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A J De Rosa.

The ultimate controlling party is the executors of the estate of Mr DG De Rosa.