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CENTENARY SHIPPING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CENTENARY SHIPPING SERVICES LIMITED (REGISTERED NUMBER: 03112501)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTENARY SHIPPING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D Yardley
P A Cullingford





REGISTERED OFFICE: 242 Oxford Road
Gomersal
Clekheaton
Bradford
West Yorkshire
BD19 4RE





REGISTERED NUMBER: 03112501 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

CENTENARY SHIPPING SERVICES LIMITED (REGISTERED NUMBER: 03112501)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,419 1,894

CURRENT ASSETS
Debtors 5 42,728 61,769
Cash at bank and in hand 5,560 13,079
48,288 74,848
CREDITORS
Amounts falling due within one year 6 49,481 70,400
NET CURRENT (LIABILITIES)/ASSETS (1,193 ) 4,448
TOTAL ASSETS LESS CURRENT LIABILITIES 226 6,342

PROVISIONS FOR LIABILITIES 7 - 318
NET ASSETS 226 6,024

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 222 6,020
SHAREHOLDERS' FUNDS 226 6,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

CENTENARY SHIPPING SERVICES LIMITED (REGISTERED NUMBER: 03112501)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




D Yardley - Director



P A Cullingford - Director


CENTENARY SHIPPING SERVICES LIMITED (REGISTERED NUMBER: 03112501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Centenary Shipping Services 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CENTENARY SHIPPING SERVICES LIMITED (REGISTERED NUMBER: 03112501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 690 6,816 3,796 11,302
DEPRECIATION
At 1 December 2022 680 5,991 2,737 9,408
Charge for year 1 124 350 475
At 30 November 2023 681 6,115 3,087 9,883
NET BOOK VALUE
At 30 November 2023 9 701 709 1,419
At 30 November 2022 10 825 1,059 1,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 38,114 59,976
Other debtors 142 142
Directors' current accounts 3,346 -
VAT 950 1,585
Prepayments 176 66
42,728 61,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 408 469
Trade creditors 39,988 53,502
Tax 4,748 5,595
Net pay creditor 1,695 866
Directors' current accounts 22 2,213
Accruals and deferred income - 5,260
Accrued expenses 2,620 2,495
49,481 70,400

Loans from directors are interest free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax - 318

CENTENARY SHIPPING SERVICES LIMITED (REGISTERED NUMBER: 03112501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 318
Accelerated Capital Allowances (318 )
Balance at 30 November 2023 -

The entire provision of deferred tax is relating to accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
4 Ordinary Shares £1.00 4 4

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
D Yardley
Balance outstanding at start of year (2,162 ) 3,267
Amounts advanced 2,140 4,345
Amounts repaid - (9,774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22 ) (2,162 )

P A Cullingford
Balance outstanding at start of year (51 ) 980
Amounts advanced 3,397 345
Amounts repaid - (1,376 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,346 (51 )

The loan to Mr P Culligford was repaid by 31 August 2024 through dividends.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors acting together.