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Company registration number: 03733926

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

Company Information

Directors

Mr S Hush

Mr G J Du Noyer

Xtend NV

Registered office

7 Waterside Court
St. Helens
Merseyside
WA9 1UA

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Steelduxx UK Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Steelduxx UK Ltd for the year ended 31 December 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Steelduxx UK Ltd, as a body, in accordance with the terms of our engagement letter dated 23 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Steelduxx UK Ltd and state those matters that we have agreed to state to the Board of Directors of Steelduxx UK Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steelduxx UK Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Steelduxx UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Steelduxx UK Ltd. You consider that Steelduxx UK Ltd 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 accounts of Steelduxx UK Ltd. 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 accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

25 September 2024

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

(Registration number: 03733926)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,175

-

Current assets

 

Debtors

5

118,378

151,825

Cash at bank and in hand

 

102,278

143,393

 

220,656

295,218

Creditors: Amounts falling due within one year

6

(91,395)

(192,575)

Net current assets

 

129,261

102,643

Total assets less current liabilities

 

131,436

102,643

Provisions for liabilities

(544)

-

Net assets

 

130,892

102,643

Capital and reserves

 

Called up share capital

501

501

Capital redemption reserve

501

501

Retained earnings

129,890

101,641

Shareholders' funds

 

130,892

102,643

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2024 and signed on its behalf by:
 

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

(Registration number: 03733926)
Balance Sheet as at 31 December 2023

.........................................
Mr G J Du Noyer
Director

   
     
 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Britannic Shipping Services Limited.

The address of its registered office is:
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are credited to deferred revenue. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

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

Foreign currency transactions and balances

Foreign currency transactions are recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

3,263

3,263

At 31 December 2023

3,263

3,263

Depreciation

Charge for the year

1,088

1,088

At 31 December 2023

1,088

1,088

Carrying amount

At 31 December 2023

2,175

2,175

5

Debtors

2023
£

2022
£

Trade debtors

114,426

149,859

Prepayments

586

586

Other debtors

3,366

1,380

118,378

151,825

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

29,921

129,360

Taxation and social security

15,807

15,054

Accruals and deferred income

4,520

4,300

Other creditors

41,147

43,861

91,395

192,575

 

Steelduxx UK Ltd
(formerly Britannic Shipping Services Limited)

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

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £37,575 (2022 - £48,573). These relate to non-cancellable operating leases.