2023-04-01 08946630 2024-03-31 08946630 2023-04-01 2024-03-31 08946630 2023-03-31 08946630 2022-04-01 2023-03-31 08946630 uk-core:WithinOneYear 2023-03-31 08946630 uk-core:WithinOneYear 2024-03-31 08946630 uk-core:AfterOneYear 2023-03-31 08946630 uk-core:AfterOneYear 2024-03-31 08946630 uk-core:ShareCapital 2024-03-31 08946630 uk-core:ShareCapital 2023-03-31 08946630 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 08946630 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 08946630 uk-bus:Director1 2023-04-01 2024-03-31 08946630 uk-core:NetGoodwill 2023-04-01 2024-03-31 08946630 uk-core:OtherPropertyPlantEquipment uk-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08946630 uk-core:ToolsEquipment 2023-04-01 2024-03-31 08946630 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 08946630 uk-core:FurnitureFittings 2023-04-01 2024-03-31 08946630 uk-core:Goodwill 2023-03-31 08946630 uk-core:Goodwill 2024-03-31 08946630 uk-core:ToolsEquipment 2023-03-31 08946630 uk-core:FurnitureFittings 2023-03-31 08946630 uk-core:CommercialMotorVehicles 2023-03-31 08946630 uk-core:OtherPropertyPlantEquipment uk-core:OwnedOrFreeholdAssets 2023-03-31 08946630 uk-core:CommercialMotorVehicles 2024-03-31 08946630 uk-core:FurnitureFittings 2024-03-31 08946630 uk-core:ToolsEquipment 2024-03-31 08946630 uk-core:OtherPropertyPlantEquipment uk-core:OwnedOrFreeholdAssets 2024-03-31 08946630 uk-core:AfterOneYear uk-core:Secured 2024-03-31 08946630 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 08946630 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08946630 uk-bus:FRS102 2023-04-01 2024-03-31 08946630 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 08946630 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
CBS Shipping Services Ltd
Registered Number:08946630
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
CBS Shipping Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08946630
As at 31 March 2024
CBS Shipping Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
1
1
2
Property, plant and equipment
8,787
19,869
3
8,788
19,870
Current assets
Trade and other receivables
10,599
7,563
4
8,924
Cash and cash equivalents
6,970
14,533
19,523
Trade and other payables: amounts falling due within one
year
(9,841)
(29,487)
5
9,682
(14,954)
Net current liabilities
Total assets less current liabilities
(6,166)
29,552
Trade and other payables: amounts falling due after more
than one year
(42,564)
(13,654)
6
(19,820)
Net liabilities
(13,012)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(20,820)
(14,012)
(19,820)
(13,012)
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Craig Brown Director
These financial statements were approved and authorised for issue by the Board on 12 August 2024 and were signed by:
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4
Registered Number :
08946630
For the year ended 31 March 2024
CBS Shipping Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
CBS Shipping Services Ltd
Notes to the Financial Statements
Statutory Information
CBS Shipping Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08946630.
Registered address:
85 Mitcham Lane
Croydon
Surrey
SW16 6LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 5 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
25% Straight line
Fixtures and fittings
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6
For the year ended 31 March 2024
CBS Shipping Services Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,000
At 31 March 2024
10,000
Amortisation
At 01 April 2023
9,999
At 31 March 2024
9,999
Net book value
At 31 March 2024
1
At 31 March 2023
1
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2023
45,932
4,970
5,974
34,559
429
400
400
-
-
-
Additions
At 31 March 2024
34,559
5,974
5,370
46,332
429
Provision for depreciation and impairment
At 01 April 2023
26,063
2,686
1,534
21,636
207
Charge for year
11,482
1,242
1,493
8,640
107
At 31 March 2024
37,545
3,928
3,027
30,276
314
At 31 March 2024
Net book value
115
4,283
2,947
1,442
8,787
At 31 March 2023
222
12,923
4,440
2,284
19,869
4. Trade and other receivables
2023
2024
£
£
Other debtors
7,563
10,599
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7
For the year ended 31 March 2024
CBS Shipping Services Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2
2
Taxation and social security
14,132
6,018
Other creditors
15,353
3,821
29,487
9,841
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
13,654
20,250
Other creditors
-
22,314
13,654
42,564
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 3)
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