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REGISTERED NUMBER: 03608044 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Inter Ship (U.K.) Limited

Inter Ship (U.K.) Limited (Registered number: 03608044)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inter Ship (U.K.) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D M Kuhr-Jones





SECRETARY: Mrs D E Kuhr-Jones





REGISTERED OFFICE: 32 Scale Lane
Hull
East Yorkshire
HU1 1LF





REGISTERED NUMBER: 03608044 (England and Wales)

Inter Ship (U.K.) Limited (Registered number: 03608044)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,976 2,635
Investments 5 109 109
2,085 2,744

CURRENT ASSETS
Debtors 6 66,780 75,393
Cash at bank and in hand 877 13,197
67,657 88,590
CREDITORS
Amounts falling due within one year 7 45,244 61,206
NET CURRENT ASSETS 22,413 27,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,498

30,128

CREDITORS
Amounts falling due after more than one
year

8

2,750

9,223
NET ASSETS 21,748 20,905

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 16,748 15,905
21,748 20,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Inter Ship (U.K.) Limited (Registered number: 03608044)

Balance Sheet - continued
31 December 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 1 April 2025 and were signed by:





D M Kuhr-Jones - Director


Inter Ship (U.K.) Limited (Registered number: 03608044)

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

1. STATUTORY INFORMATION

Inter Ship (U.K.) 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.

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


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss 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 or loss on a straight line basis over the period of the lease.

Inter Ship (U.K.) Limited (Registered number: 03608044)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 28,531
DEPRECIATION
At 1 January 2024 25,896
Charge for year 659
At 31 December 2024 26,555
NET BOOK VALUE
At 31 December 2024 1,976
At 31 December 2023 2,635

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 21,083
DEPRECIATION
At 1 January 2024 18,448
Charge for year 659
At 31 December 2024 19,107
NET BOOK VALUE
At 31 December 2024 1,976
At 31 December 2023 2,635

Inter Ship (U.K.) Limited (Registered number: 03608044)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1,011
PROVISIONS
At 1 January 2024
and 31 December 2024 902
NET BOOK VALUE
At 31 December 2024 109
At 31 December 2023 109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 62,712 67,696
Other debtors 4,068 7,697
66,780 75,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 2,258 3,870
Trade creditors 16,609 33,528
Taxation and social security 4,626 4,535
Other creditors 17,751 15,273
45,244 61,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 2,750 6,643
Hire purchase contracts - 2,580
2,750 9,223

Inter Ship (U.K.) Limited (Registered number: 03608044)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 6,750 10,643
Hire purchase contracts 2,258 6,450
9,008 17,093

Amounts due under hire purchase are secured against the assets to which the liability relates .

The bank loan is secured against a fixed and floating charge over the company's assets.

10. RELATED PARTY DISCLOSURES

During the year the company made payments to Mr and Mrs Kuhr-Jones for the rental of the business premises. The amounts are detailed below:


31.12.24 31.12.23
£ £
Rents paid 4,200 3,900