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Company Registration No. 02830152 (England and Wales)
Waverley Shipping Limited Unaudited accounts for the year ended 31 July 2024
Waverley Shipping Limited Unaudited accounts Contents
Page
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Waverley Shipping Limited Company Information for the year ended 31 July 2024
Director
Peter David Balfour Yates
Company Number
02830152 (England and Wales)
Registered Office
GRANARY FOLD SCHOOL FARM QUEEN STREET EASTRINGTON GOOLE NORTH HUMBERSIDE DN14 7QA
Accountants
Port Accounting Services Limited 7, Bridge View Park Henry Boot Way HULL HU4 7DW
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Waverley Shipping Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
175 
219 
Current assets
Debtors
32,945 
126,628 
Cash at bank and in hand
8,314 
11,078 
41,259 
137,706 
Creditors: amounts falling due within one year
(7,051)
(15,446)
Net current assets
34,208 
122,260 
Total assets less current liabilities
34,383 
122,479 
Provisions for liabilities
Deferred tax
(34)
(70)
Net assets
34,349 
122,409 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
34,249 
122,309 
Shareholders' funds
34,349 
122,409 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 April 2025 and were signed on its behalf by
Peter David Balfour Yates Director Company Registration No. 02830152
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Waverley Shipping Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Waverley Shipping Limited is a private company, limited by shares, registered in England and Wales, registration number 02830152. The registered office is GRANARY FOLD SCHOOL FARM QUEEN STREET, EASTRINGTON, GOOLE, NORTH HUMBERSIDE, DN14 7QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15-25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Waverley Shipping Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
7,936 
At 31 July 2024
7,936 
Depreciation
At 1 August 2023
7,717 
Charge for the year
44 
At 31 July 2024
7,761 
Net book value
At 31 July 2024
175 
At 31 July 2023
219 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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