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REGISTERED NUMBER: 13317215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LAND AND SEA TANKERTON LTD

LAND AND SEA TANKERTON LTD (REGISTERED NUMBER: 13317215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAND AND SEA TANKERTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J S Rivett





REGISTERED OFFICE: Unit 7 Invicta Way
The Oaks Manston Business Park
RAMSGATE
CT12 5FN





REGISTERED NUMBER: 13317215 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

LAND AND SEA TANKERTON LTD (REGISTERED NUMBER: 13317215)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,861 47,681

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 5 - 7,998
Cash at bank and in hand 16,976 21,193
23,976 36,191
CREDITORS
Amounts falling due within one year 6 124,666 118,501
NET CURRENT LIABILITIES (100,690 ) (82,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,829

)

(34,629

)

CREDITORS
Amounts falling due after more than one
year

7

6,728

10,977
NET LIABILITIES (69,557 ) (45,606 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (69,657 ) (45,706 )
SHAREHOLDERS' FUNDS (69,557 ) (45,606 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LAND AND SEA TANKERTON LTD (REGISTERED NUMBER: 13317215)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 30 January 2025 and were signed by:





J S Rivett - Director


LAND AND SEA TANKERTON LTD (REGISTERED NUMBER: 13317215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Land And Sea Tankerton Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's business address is 139D Tankerton Road, Tankerton, Whitstable, Kent, CT5 2AW.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

LAND AND SEA TANKERTON LTD (REGISTERED NUMBER: 13317215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase or finance leases are capitalised in the balance sheet and depreciated over their estimated useful life.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and loss as incurred.

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 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 48,759 396 17,340 7,104 73,599
Additions 2,800 - - - 2,800
At 30 April 2024 51,559 396 17,340 7,104 76,399
DEPRECIATION
At 1 May 2023 18,597 149 4,335 2,837 25,918
Charge for year 8,241 61 3,251 1,067 12,620
At 30 April 2024 26,838 210 7,586 3,904 38,538
NET BOOK VALUE
At 30 April 2024 24,721 186 9,754 3,200 37,861
At 30 April 2023 30,162 247 13,005 4,267 47,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 7,998

LAND AND SEA TANKERTON LTD (REGISTERED NUMBER: 13317215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 4,249 4,249
Trade creditors 13,725 27,635
Social security and other taxes 3,007 -
VAT 21,374 17,477
Other creditors 785 743
Directors' current accounts 65,233 49,434
Accrued expenses 16,293 18,963
124,666 118,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 6,728 10,977

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,249 4,249
Between one and five years 6,728 10,977
10,977 15,226

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 10,977 15,226

Hire purchase contracts are secured on the related assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support of the director.