Refrigerated Shipbroking Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 10520797 (England and Wales)
Refrigerated Shipbroking Limited
Company Information
Directors
L Purdy
K Wyatt
Company number
10520797
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Refrigerated Shipbroking Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Refrigerated Shipbroking Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
-
0
Tangible assets
5
4,369
3,184
Current assets
Debtors
6
20,976
7,741
Cash at bank and in hand
741,930
954,150
762,906
961,891
Creditors: amounts falling due within one year
7
(19,355)
(247,125)
Net current assets
743,551
714,766
Total assets less current liabilities
747,920
717,950
Provisions for liabilities
(1,092)
(796)
Net assets
746,828
717,154
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
746,827
717,153
Total equity
746,828
717,154
Refrigerated Shipbroking Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 April 2025 and are signed on its behalf by:
L Purdy
Director
Company Registration No. 10520797
Refrigerated Shipbroking Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Refrigerated Shipbroking Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the invoiced value of ship brokerage services provided net of value added tax.

 

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 3 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Refrigerated Shipbroking Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was :

2024
2023
Number
Number
Total
4
4
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
7,857
18,392
Refrigerated Shipbroking Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
3
Taxation
2024
2023
£
£
(Continued)
Page 5
Deferred tax
Origination and reversal of timing differences
296
366
Total tax charge
8,153
18,758
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
15,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
15,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
9,166
Additions
2,602
At 31 December 2024
11,768
Depreciation and impairment
At 1 January 2024
5,982
Depreciation charged in the year
1,417
At 31 December 2024
7,399
Carrying amount
At 31 December 2024
4,369
At 31 December 2023
3,184
Refrigerated Shipbroking Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,025
4,057
Other debtors
1,548
-
Prepayments and accrued income
6,403
3,684
20,976
7,741
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
767
2,063
Corporation tax
7,768
18,357
Other taxation and social security
4,393
6,051
Other creditors
2,099
83,304
Accruals and deferred income
4,328
137,350
19,355
247,125
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,092
796
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1

 

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