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
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
Waverley Shipping Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
8,314
11,078
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
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
Waverley Shipping Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Waverley Shipping Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).