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REGISTERED NUMBER: 03520353 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED

BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: R O Clayton





SECRETARY: R O Clayton





REGISTERED OFFICE: Basepoint Business Centre
Beaufort Park
Newport
Monmouthshire
NP16 5UH





REGISTERED NUMBER: 03520353 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 319,200 319,900
Tangible assets 5 3,359 3,319
322,559 323,219

CURRENT ASSETS
Debtors 6 5,424,544 3,458,655
Cash at bank and in hand 533,077 1,538,594
5,957,621 4,997,249
CREDITORS
Amounts falling due within one year 7 4,998,019 4,206,333
NET CURRENT ASSETS 959,602 790,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,282,161

1,114,135

PROVISIONS FOR LIABILITIES 9 828 815
NET ASSETS 1,281,333 1,113,320

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,281,329 1,113,316
SHAREHOLDERS' FUNDS 1,281,333 1,113,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 director and authorised for issue on 12 June 2025 and were signed by:





R O Clayton - Director


BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Brunel Shipping & Liner Services (London) 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.

The functional and presentation currency of the business is pounds 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.

When the outcome of a transaction involving the rendering of services can be estimated reliably the Company recognises revenue associated with the transaction by reference to the stage of completion of the transaction at the end of the reporting period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years with effect from October 2020.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

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.


BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debt factoring
Where debts have been factored separate presentation has been adopted, gross debts are shown on the balance sheet as an asset under trade debtors and any advances from the factors are shown as a liability within creditors under advances from factors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023 457,000 - 457,000
Additions - 45,000 45,000
At 30 September 2024 457,000 45,000 502,000
AMORTISATION
At 1 October 2023 137,100 - 137,100
Charge for year 45,700 - 45,700
At 30 September 2024 182,800 - 182,800
NET BOOK VALUE
At 30 September 2024 274,200 45,000 319,200
At 30 September 2023 319,900 - 319,900

BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 15,704 19,404 35,108
Additions - 880 880
At 30 September 2024 15,704 20,284 35,988
DEPRECIATION
At 1 October 2023 13,317 18,472 31,789
Charge for year 477 363 840
At 30 September 2024 13,794 18,835 32,629
NET BOOK VALUE
At 30 September 2024 1,910 1,449 3,359
At 30 September 2023 2,387 932 3,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,343,033 3,366,072
Other debtors 5,912 5,500
VAT 50,493 70,077
Prepayments 25,106 17,006
5,424,544 3,458,655

Other debtors is an employee loan. £2,088 is repayable within one year with the balance of £3,824 due in more than one year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,408,974 3,424,010
Taxation 130,889 103,506
Social security and other taxes 16,608 17,243
Other creditors 1,569 1,458
Amounts due to related parties 150,000 396,160
Advances from factors 143,167 99,055
Shareholder loan accounts 128,151 27,000
Accruals and deferred income 18,661 137,901
4,998,019 4,206,333

The director has provided a personal guarantee against amounts owed to the factors.

BRUNEL SHIPPING & LINER SERVICES
(LONDON) LIMITED (REGISTERED NUMBER: 03520353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. SECURED DEBTS

Bibby Factors and HSBC Bank PLC have fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures, fixed plant and machinery.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 828 815

Deferred
tax
£   
Balance at 1 October 2023 815
Charge to Income Statement during year 13
Balance at 30 September 2024 828

10. RELATED PARTY DISCLOSURES

The director does not consider that the company has entered into any material transactions with related parties, including owners, directors and related entities, that have not been concluded under normal market conditions.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R O Clayton.