Bristol Channel Pilots Limited 12373280 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is marine pilotage services. Digita Accounts Production Advanced 6.30.9574.0 true true 12373280 2023-05-01 2024-04-30 12373280 2024-04-30 12373280 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 12373280 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2024-04-30 12373280 core:CurrentFinancialInstruments 2024-04-30 12373280 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12373280 core:FurnitureFittingsToolsEquipment 2024-04-30 12373280 bus:SmallEntities 2023-05-01 2024-04-30 12373280 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12373280 bus:FullAccounts 2023-05-01 2024-04-30 12373280 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12373280 bus:RegisteredOffice 2023-05-01 2024-04-30 12373280 bus:Director1 2023-05-01 2024-04-30 12373280 bus:Director2 2023-05-01 2024-04-30 12373280 bus:Director3 2023-05-01 2024-04-30 12373280 bus:Director4 2023-05-01 2024-04-30 12373280 bus:Director5 2023-05-01 2024-04-30 12373280 bus:Director6 2023-05-01 2024-04-30 12373280 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-04-30 12373280 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2023-05-01 2024-04-30 12373280 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12373280 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 12373280 core:OfficeEquipment 2023-05-01 2024-04-30 12373280 countries:EnglandWales 2023-05-01 2024-04-30 12373280 2023-04-30 12373280 core:FurnitureFittingsToolsEquipment 2023-04-30 12373280 2022-05-01 2023-04-30 12373280 2023-04-30 12373280 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 12373280 bus:OrdinaryShareClass2 bus:CumulativeRedeemableShares 2023-04-30 12373280 core:CurrentFinancialInstruments 2023-04-30 12373280 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12373280 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12373280

Bristol Channel Pilots Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Bristol Channel Pilots Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Bristol Channel Pilots Limited

Company Information

Directors

Mr N Birleson

Mr A E Darlington

Mr H Davey

Mr G I Jones

Mr J Lay

Mr J Wiltshire

Registered office

Floor 2
St Andrew's House St Andrew's Road
Avonmouth
Bristol
Bristol
BS11 9DQ

 

Accountants

Pennington Williams Limited
Chartered Certified Accountants
Stanhope House
Mark Rake
Bromborough
Wirral
Merseyside
CH62 2DN

 

Bristol Channel Pilots Limited

(Registration number: 12373280)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

426

2,033

Current assets

 

Debtors

5

169,245

177,685

Cash at bank and in hand

 

276,945

192,567

 

446,190

370,252

Creditors: Amounts falling due within one year

6

(444,793)

(370,654)

Net current assets/(liabilities)

 

1,397

(402)

Total assets less current liabilities

 

1,823

1,631

Provisions for liabilities

(81)

(386)

Net assets

 

1,742

1,245

Capital and reserves

 

Called up share capital

7

18

18

Retained earnings

1,724

1,227

Shareholders' funds

 

1,742

1,245

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Bristol Channel Pilots Limited

(Registration number: 12373280)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 6 December 2024 and signed on its behalf by:
 

.........................................

Mr N Birleson
Director

.........................................

Mr H Davey
Director

 

Bristol Channel Pilots Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Floor 2
St Andrew's House St Andrew's Road
Avonmouth
Bristol
Bristol
BS11 9DQ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bristol Channel Pilots Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bristol Channel Pilots Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Bristol Channel Pilots Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

6,536

6,536

At 30 April 2024

6,536

6,536

Depreciation

At 1 May 2023

4,503

4,503

Charge for the year

1,607

1,607

At 30 April 2024

6,110

6,110

Carrying amount

At 30 April 2024

426

426

At 30 April 2023

2,033

2,033

5

Debtors

Current

2024
£

2023
£

Trade debtors

151,848

164,592

Prepayments

15,463

11,059

Other debtors

1,934

2,034

 

169,245

177,685

 

Bristol Channel Pilots Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

375,569

336,067

Taxation and social security

5,141

4,155

Accruals and deferred income

58,734

25,295

Other creditors

5,349

5,137

444,793

370,654

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

Redeemable of £1 each

17

17

17

17

 

19

19

19

19

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £38,294 (2023 - £65,442).