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REGISTERED NUMBER: 01622887















TYSON'S (SHIPS RIGGERS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






TYSON'S (SHIPS RIGGERS) LIMITED (REGISTERED NUMBER: 01622887)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TYSON'S (SHIPS RIGGERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mr M Tyson
Mr J Tyson
Mr C Tyson
Mrs D J Tyson





SECRETARY: Mrs D J Tyson





REGISTERED OFFICE: Clark Hearsey
Fairfield Enterprise Centre
Lincoln Way
Louth
Lincolnshire
LN11 0LS





REGISTERED NUMBER: 01622887





ACCOUNTANTS: Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS

TYSON'S (SHIPS RIGGERS) LIMITED (REGISTERED NUMBER: 01622887)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,330 74,729
Investment property 5 604,256 604,256
666,586 678,985

CURRENT ASSETS
Stocks 697,558 680,747
Debtors 6 375,042 237,839
Cash at bank 165,849 147,398
1,238,449 1,065,984
CREDITORS
Amounts falling due within one year 7 647,467 521,115
NET CURRENT ASSETS 590,982 544,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,568

1,223,854

CREDITORS
Amounts falling due after more than one
year

8

(185,846

)

(243,043

)

PROVISIONS FOR LIABILITIES (11,500 ) (13,700 )
NET ASSETS 1,060,222 967,111

CAPITAL AND RESERVES
Called up share capital 6,200 6,200
Capital redemption reserve 3,800 3,800
Retained earnings 1,050,222 957,111
SHAREHOLDERS' FUNDS 1,060,222 967,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

TYSON'S (SHIPS RIGGERS) LIMITED (REGISTERED NUMBER: 01622887)

BALANCE SHEET - continued
31ST MARCH 2025


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 4th June 2025 and were signed on its behalf by:





Mr M Tyson - Director


TYSON'S (SHIPS RIGGERS) LIMITED (REGISTERED NUMBER: 01622887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Tyson's (Ships Riggers) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

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

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

TYSON'S (SHIPS RIGGERS) LIMITED (REGISTERED NUMBER: 01622887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024 283,843
Additions 865
Disposals (1,188 )
At 31st March 2025 283,520
DEPRECIATION
At 1st April 2024 209,114
Charge for year 12,960
Eliminated on disposal (884 )
At 31st March 2025 221,190
NET BOOK VALUE
At 31st March 2025 62,330
At 31st March 2024 74,729

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 604,256
NET BOOK VALUE
At 31st March 2025 604,256
At 31st March 2024 604,256

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 321,513 205,826
Other debtors 53,529 32,013
375,042 237,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 64,848 67,917
Trade creditors 480,808 342,729
Taxation and social security 96,471 95,736
Other creditors 5,340 14,733
647,467 521,115

TYSON'S (SHIPS RIGGERS) LIMITED (REGISTERED NUMBER: 01622887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 185,846 243,043

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 88,757 114,094

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr M Tyson, a director throughout this and the previous year.