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REGISTERED NUMBER: 05236018 (England and Wales)













Financial Statements

for the Year Ended 31 July 2024

for

UKDocks Mashfords Limited

UKDocks Mashfords Limited (Registered number: 05236018)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UKDocks Mashfords Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: H Wilson
G Wilson
J Wilson
C Wilson
J G Armstrong





REGISTERED OFFICE: River Drive
South Shields
Tyne & Wear
NE33 1LH





REGISTERED NUMBER: 05236018 (England and Wales)





AUDITORS: TTR Barnes Limited
Chartered Accountants and Statutory Auditors
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

UKDocks Mashfords Limited (Registered number: 05236018)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 314,977 258,036
314,977 258,036

CURRENT ASSETS
Debtors 6 656,444 817,684
Cash at bank and in hand 342,631 201,690
999,075 1,019,374
CREDITORS
Amounts falling due within one year 7 598,215 318,217
NET CURRENT ASSETS 400,860 701,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,837

959,193

CREDITORS
Amounts falling due after more than one
year

8

(14,315

)

(19,302

)

PROVISIONS FOR LIABILITIES (17,487 ) (9,741 )
NET ASSETS 684,035 930,150

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 684,031 930,146
684,035 930,150

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





G Wilson - Director


UKDocks Mashfords Limited (Registered number: 05236018)

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

1. STATUTORY INFORMATION

UKDocks Mashfords 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Where there are contracts which are gradually performed over time, revenue is recognised by reference to an assessment of the fair value of the services provided as a proportion of the total fair value of the contract.

When the company receives the deposit it is recognised as a liability, and once the company carries out the event the deposit is recognised in turnover.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Long leasehold - Straight line over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

UKDocks Mashfords Limited (Registered number: 05236018)

Notes to the Financial Statements - continued
for the year ended 31 July 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 statement of financial position 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.

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.

Amounts recoverable on contract
Amounts recoverable on contracts are in respect of revenue generating contracts entered into which are not yet complete. Long term contract costs incurred are released to the profit and loss account as they fall due. Revenue is valued using a stage of completion method and recognised accordingly in the period for which the corresponding costs have been recognised. They are reviewed on a contract by contract basis and any foreseeable losses are recognised immediately in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 37,999
AMORTISATION
At 1 August 2023
and 31 July 2024 37,999
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

UKDocks Mashfords Limited (Registered number: 05236018)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2023 404,749 10,958 6,898
Additions 35,847 42,054 326
At 31 July 2024 440,596 53,012 7,224
DEPRECIATION
At 1 August 2023 185,675 739 359
Charge for year 9,891 6,005 1,655
At 31 July 2024 195,566 6,744 2,014
NET BOOK VALUE
At 31 July 2024 245,030 46,268 5,210
At 31 July 2023 219,074 10,219 6,539

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 25,995 - 448,600
Additions - 1,954 80,181
At 31 July 2024 25,995 1,954 528,781
DEPRECIATION
At 1 August 2023 3,791 - 190,564
Charge for year 5,551 138 23,240
At 31 July 2024 9,342 138 213,804
NET BOOK VALUE
At 31 July 2024 16,653 1,816 314,977
At 31 July 2023 22,204 - 258,036

UKDocks Mashfords Limited (Registered number: 05236018)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 25,995
DEPRECIATION
At 1 August 2023 3,791
Charge for year 5,551
At 31 July 2024 9,342
NET BOOK VALUE
At 31 July 2024 16,653
At 31 July 2023 22,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,945 84,704
Amounts owed by group undertakings 235,166 196,682
Amounts recoverable on contract 342,852 451,748
Other debtors 52 49,585
Prepayments and accrued income 36,429 34,965
656,444 817,684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 4,988 4,568
Trade creditors 96,216 164,772
Amounts owed to group undertakings 337,368 38,885
Tax 13,317 23,657
Social security and other taxes 21,714 25,338
VAT 41,761 13,827
Other creditors 6,195 3,735
Accrued expenses 76,656 43,435
598,215 318,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 14,315 19,302

UKDocks Mashfords Limited (Registered number: 05236018)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,988 4,568
Between one and five years 14,315 19,302
19,303 23,870

Non-cancellable operating leases
2024 2023
£    £   
Within one year 76,297 82,299
Between one and five years 211,022 218,319
In more than five years 1,546,750 1,615,750
1,834,069 1,916,368

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 19,303 23,870

Hire purchase contracts are secured upon the assets to which they relate.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David J Cook FCCA (Senior Statutory Auditor)
for and on behalf of TTR Barnes Limited

12. AUDITOR LIABILITY LIMITATION AGREEMENT

The limitation of liability in respect of this audit is 10 times the audit fee which was agreed in the terms of our engagement letter dated 1st August 2023.

13. PARENT COMPANY

The ultimate parent company is Wilson Group Holdings Limited, a company registered in England and Wales.

Wilson Group Holdings Limited prepare group financial statements and its registered office is River Drive, South Shields, Tyne and Wear, NE33 1LH.