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REGISTERED NUMBER: 03963890 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

Accura Shipping Limited

Accura Shipping Limited (Registered number: 03963890)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Accura Shipping Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Adams
Mr G Langenberg





REGISTERED OFFICE: Suite 4
Sopwith House
Hurricane Way
Wickford
Essex
SS11 8YU





REGISTERED NUMBER: 03963890 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Accura Shipping Limited (Registered number: 03963890)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 30,442 35,179
30,442 35,179

CURRENT ASSETS
Debtors 6 56,711 86,721
Cash at bank 103,385 190,160
160,096 276,881
CREDITORS
Amounts falling due within one year 7 62,849 67,049
NET CURRENT ASSETS 97,247 209,832
TOTAL ASSETS LESS CURRENT LIABILITIES 127,689 245,011

CAPITAL AND RESERVES
Called up share capital 8 102 125
Retained earnings 127,587 244,886
SHAREHOLDERS' FUNDS 127,689 245,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

Accura Shipping Limited (Registered number: 03963890)

Statement of Financial Position - continued
31 March 2024


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 28 October 2024 and were signed on its behalf by:




Mr D Adams - Director



Mr G Langenberg - Director


Accura Shipping Limited (Registered number: 03963890)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Accura 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 8 ) .

Accura Shipping Limited (Registered number: 03963890)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 900,000
AMORTISATION
At 1 April 2023
and 31 March 2024 900,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 52,142 52,826 36,109 141,077
Additions - - 4,168 4,168
At 31 March 2024 52,142 52,826 40,277 145,245
DEPRECIATION
At 1 April 2023 42,822 42,517 20,559 105,898
Charge for year 1,398 2,577 4,930 8,905
At 31 March 2024 44,220 45,094 25,489 114,803
NET BOOK VALUE
At 31 March 2024 7,922 7,732 14,788 30,442
At 31 March 2023 9,320 10,309 15,550 35,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 56,711 65,088
Other debtors - 21,633
56,711 86,721

Accura Shipping Limited (Registered number: 03963890)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 11,102 26,104
Taxation and social security 33,093 27,735
Other creditors 18,654 13,210
62,849 67,049

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A £1 50 50
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
2 Ordinary E £1 2 -
102 100

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Share capital 6 £1 2 -

The following shares were issued during the year for cash at par :

2 Ordinary E shares of £1

9. RELATED PARTY DISCLOSURES

The directors, Mr D Adams and Mr G Langenberg, are considered to be key management personnel.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Accura Shipping Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Accura Shipping Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Accura Shipping Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Accura Shipping Limited and state those matters that we have agreed to state to the Board of Directors of Accura Shipping Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Accura Shipping Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Accura Shipping Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Accura Shipping Limited. You consider that Accura Shipping Limited 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 financial statements of Accura Shipping Limited. 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 financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................