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REGISTERED NUMBER: 10262720 (England and Wales)






Tanker Consulting Services Limited

Financial Statements

for the Year Ended 31 August 2024






Tanker Consulting Services Limited (Registered number: 10262720)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tanker Consulting Services Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: Mr B J Williams
Mrs K E Thompson





REGISTERED OFFICE: Batman House Farm
The Green
Nun Monkton
York
North Yorkshire
YO26 8EW





REGISTERED NUMBER: 10262720 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Accountants & Business Advisors
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Tanker Consulting Services Limited (Registered number: 10262720)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 4,318,931 4,232,959

CURRENT ASSETS
Stocks 35,250 153,700
Debtors 5 205,591 218,111
Cash at bank 225,287 171,624
466,128 543,435
CREDITORS
Amounts falling due within one year 6 2,984,916 2,903,427
NET CURRENT LIABILITIES (2,518,788 ) (2,359,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,800,143

1,872,967

CREDITORS
Amounts falling due after more than one year 7 (670,331 ) (1,110,117 )

PROVISIONS FOR LIABILITIES (306,266 ) (200,003 )
NET ASSETS 823,546 562,847

Tanker Consulting Services Limited (Registered number: 10262720)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £ £ £

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 823,446 562,747
SHAREHOLDERS' FUNDS 823,546 562,847

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mr B J Williams - Director


Tanker Consulting Services Limited (Registered number: 10262720)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Tanker Consulting 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 represents net invoiced sale of goods and services, excluding value added tax.

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 - 10% on cost
Tanker Hire - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Fixed assets are initially recorded at cost.

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

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Information" and Section 12 "Other Financial Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


Tanker Consulting Services Limited (Registered number: 10262720)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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.

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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Tanker Hire vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2023 11,284 4,891,093 129,785 3,153 5,035,315
Additions - 800,240 18,250 - 818,490
Disposals - (270,050 ) (13,198 ) - (283,248 )
At 31 August 2024 11,284 5,421,283 134,837 3,153 5,570,557
DEPRECIATION
At 1 September 2023 1,132 725,946 72,625 2,653 802,356
Charge for year 1,140 530,683 23,287 355 555,465
Eliminated on disposal - (96,846 ) (9,349 ) - (106,195 )
At 31 August 2024 2,272 1,159,783 86,563 3,008 1,251,626
NET BOOK VALUE
At 31 August 2024 9,012 4,261,500 48,274 145 4,318,931
At 31 August 2023 10,152 4,165,147 57,160 500 4,232,959

Tanker Consulting Services Limited (Registered number: 10262720)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tanker Hire
£
COST
At 1 September 2023 2,808,279
Transfer to ownership (72,775 )
At 31 August 2024 2,735,504
DEPRECIATION
At 1 September 2023 390,566
Charge for year 280,828
Transfer to ownership (13,342 )
At 31 August 2024 658,052
NET BOOK VALUE
At 31 August 2024 2,077,452
At 31 August 2023 2,417,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 202,753 177,726
Other debtors 175 1,364
VAT - 36,503
Prepayments and accrued income 2,663 2,518
205,591 218,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 403,724 405,731
Trade creditors 9,330 21,365
Amounts owed to related undertakings 709,888 645,000
Social security and other taxes 517 -
VAT 65,994 -
Other creditors - 372
Directors' current accounts 1,789,738 1,825,521
Accruals and deferred income 5,725 5,438
2,984,916 2,903,427

Tanker Consulting Services Limited (Registered number: 10262720)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 670,331 1,110,117

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 1,074,055 1,515,848

Obligations under hire purchase are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

During the year the company received a further loan from Williams & Williams FIC Limited, a company under common control. At the year end date £709,888 was owed to Williams & Williams FIC Limited, which is included in creditors, and is payable on demand.

The loan interest was agreed to be fixed at rate 7,5% per annum and applied with effect from 1 April 2023. During the year, the company was charged loan interest of £64,888.