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Company Registration No. 09878369 (England and Wales)
Shipping Solutions Ltd Unaudited accounts for the year ended 30 November 2023
Shipping Solutions Ltd Unaudited accounts Contents
Page
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Shipping Solutions Ltd Company Information for the year ended 30 November 2023
Director
H A Lorgat
Company Number
09878369 (England and Wales)
Registered Office
29 Laurel Grove Batley West Yorkshire WF17 8JP
Accountants
CGI Accountants Ltd Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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Shipping Solutions Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
5,980 
Current assets
Debtors
87,358 
97,678 
Cash at bank and in hand
23,340 
34,277 
110,698 
131,955 
Creditors: amounts falling due within one year
(105,909)
(102,073)
Net current assets
4,789 
29,882 
Net assets
4,789 
35,862 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,788 
35,861 
Shareholders' funds
4,789 
35,862 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 August 2024 and were signed on its behalf by
H A Lorgat Director Company Registration No. 09878369
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Shipping Solutions Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Shipping Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09878369. The registered office is 29 Laurel Grove, Batley, West Yorkshire, WF17 8JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Shipping Solutions Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
3,743 
10,000 
13,743 
Disposals
(3,743)
(10,000)
(13,743)
At 30 November 2023
- 
- 
- 
Depreciation
At 1 December 2022
1,982 
5,781 
7,763 
On disposals
(1,982)
(5,781)
(7,763)
At 30 November 2023
- 
- 
- 
Net book value
At 30 November 2023
- 
- 
- 
At 30 November 2022
1,761 
4,219 
5,980 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
87,358 
97,678 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,904 
4,086 
Trade creditors
91,218 
71,915 
Taxes and social security
5,725 
3,439 
Other creditors
2,287 
13,119 
Loans from directors
1,775 
9,514 
105,909 
102,073 
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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