Registered number
06555743
Tamesis Dock Ltd
Unaudited Filleted Accounts
30 April 2024
Tamesis Dock Ltd
Registered number: 06555743
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,383,389 371,993
Current assets
Stocks 4,680 4,500
Debtors 4 2,200,932 236,545
Cash at bank and in hand 224,429 2,241,635
2,430,041 2,482,680
Creditors: amounts falling due within one year 5 (1,967,610) (1,277,171)
Net current assets 462,431 1,205,509
Net assets 1,845,820 1,577,502
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,845,720 1,577,402
Shareholders' funds 1,845,820 1,577,502
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and authorised for issue on:
Nithin Rai
Director
Approved by the board on 2 December 2024
Tamesis Dock Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
Tamesis Limited is a company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered office is given in the company information on page 1 of these financial statements. The company's principle place of business is at the registered address.

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Plant and machinery 10% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 21
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 -
Additions 978,294
Surplus on revaluation -
Disposals -
At 30 April 2024 978,294
Depreciation
At 1 May 2023 -
Charge for the year -
Surplus on revaluation -
On disposals -
At 30 April 2024 -
Net book value
At 30 April 2024 978,294
At 30 April 2023 -
Freehold land and buildings: 2024 2023
£ £
Historical cost 978,294 -
Cumulative depreciation based on historical cost - -
978,294 -
The properties were acquired during the year at market value.
Equipments, Fixures and Fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 372,020 742,007 90,680 1,204,707
Additions 120,998 - - 120,998
At 30 April 2024 493,018 742,007 90,680 1,325,705
Depreciation
At 1 May 2023 247,823 506,333 78,558 832,714
Charge for the year 61,299 23,567 3,030 87,896
At 30 April 2024 309,122 529,900 81,588 920,610
Net book value
At 30 April 2024 183,896 212,107 9,092 405,095
At 30 April 2023 124,197 235,674 12,122 371,993
4 Debtors 2024 2023
£ £
Trade debtors 1,154 6,300
Other debtors 2,199,778 230,245
2,200,932 236,545
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' accounts - 38,667
Bank loans and overdrafts 450,000 -
Trade creditors 663,018 490,853
Accruals 731,100 587,252
Taxation and social security costs 103,357 138,714
Other creditors 20,135 21,685
1,967,610 1,277,171
6 Related party transactions 2024 2023
£ £
During the year the company used Octoply Limited, a company which Nithin Rai and Neema Rai are both a director and shareholder, for marine services and other project supports which were provided on a commercial basis. 233,100 282,600
Management fees 135,233 273,553
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