Tank Supply Ltd NI631727 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is leasing of tankers Digita Accounts Production Advanced 6.30.9574.0 true true NI631727 2023-07-01 2024-06-30 NI631727 2024-06-30 NI631727 bus:OrdinaryShareClass1 2024-06-30 NI631727 core:CurrentFinancialInstruments 2024-06-30 NI631727 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI631727 core:LandBuildings 2024-06-30 NI631727 core:OtherPropertyPlantEquipment 2024-06-30 NI631727 bus:SmallEntities 2023-07-01 2024-06-30 NI631727 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 NI631727 bus:FilletedAccounts 2023-07-01 2024-06-30 NI631727 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI631727 bus:RegisteredOffice 2023-07-01 2024-06-30 NI631727 bus:Director1 2023-07-01 2024-06-30 NI631727 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 NI631727 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI631727 core:LandBuildings 2023-07-01 2024-06-30 NI631727 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 NI631727 core:PlantMachinery 2023-07-01 2024-06-30 NI631727 countries:NorthernIreland 2023-07-01 2024-06-30 NI631727 2023-06-30 NI631727 core:LandBuildings 2023-06-30 NI631727 core:OtherPropertyPlantEquipment 2023-06-30 NI631727 2022-07-01 2023-06-30 NI631727 2023-06-30 NI631727 bus:OrdinaryShareClass1 2023-06-30 NI631727 core:CurrentFinancialInstruments 2023-06-30 NI631727 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 NI631727 core:LandBuildings 2023-06-30 NI631727 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI631727

Tank Supply Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Tank Supply Ltd

(Registration number: NI631727)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

480,868

10,000

Current assets

 

Debtors

5

81,701

74,117

Cash at bank and in hand

 

7,610

17,979

 

89,311

92,096

Creditors: Amounts falling due within one year

6

(417,448)

(35,856)

Net current (liabilities)/assets

 

(328,137)

56,240

Net assets

 

152,731

66,240

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

152,631

66,140

Shareholders' funds

 

152,731

66,240

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 June 2025
 

.........................................
Mrs Julie Ann McLean
Director

 

Tank Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 3 The Birches, Whitesides Road, Ballymena, BT42 2HP.

These financial statements were authorised for issue by the director on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured,it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Tank Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Tank Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

-

30,000

30,000

Additions

473,167

-

473,167

At 30 June 2024

473,167

30,000

503,167

Depreciation

At 1 July 2023

-

20,000

20,000

Charge for the year

-

2,299

2,299

At 30 June 2024

-

22,299

22,299

Carrying amount

At 30 June 2024

473,167

7,701

480,868

At 30 June 2023

-

10,000

10,000

Included within the net book value of land and buildings above is £473,167 (2023 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

36,614

Other debtors

81,701

37,503

 

81,701

74,117

 

Tank Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

204,735

12,956

Taxation and social security

55,342

19,070

Accruals and deferred income

5,600

3,800

Other creditors

151,771

30

417,448

35,856

 

Tank Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100