Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312452024-01-01truefalse228false1404659909500226351200truefalsefalse SC073938 2024-01-01 2024-12-31 SC073938 2023-01-01 2023-12-31 SC073938 2024-12-31 SC073938 2023-12-31 SC073938 2023-01-01 SC073938 1 2024-01-01 2024-12-31 SC073938 1 2023-01-01 2023-12-31 SC073938 2 2024-01-01 2024-12-31 SC073938 2 2023-01-01 2023-12-31 SC073938 3 2023-01-01 2023-12-31 SC073938 4 2023-01-01 2023-12-31 SC073938 d:CompanySecretary1 2024-01-01 2024-12-31 SC073938 d:Director1 2024-01-01 2024-12-31 SC073938 d:Director2 2024-01-01 2024-12-31 SC073938 d:Director3 2024-01-01 2024-12-31 SC073938 d:Director4 2024-01-01 2024-12-31 SC073938 d:Director5 2024-01-01 2024-12-31 SC073938 d:Director6 2024-01-01 2024-12-31 SC073938 d:Director7 2024-01-01 2024-12-31 SC073938 d:RegisteredOffice 2024-01-01 2024-12-31 SC073938 e:Buildings 2024-01-01 2024-12-31 SC073938 e:Buildings 2024-12-31 SC073938 e:Buildings 2023-12-31 SC073938 e:Buildings e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC073938 e:Buildings e:LongLeaseholdAssets 2024-01-01 2024-12-31 SC073938 e:Buildings e:ShortLeaseholdAssets 2024-01-01 2024-12-31 SC073938 e:Buildings e:ShortLeaseholdAssets 2024-12-31 SC073938 e:Buildings e:ShortLeaseholdAssets 2023-12-31 SC073938 e:PlantMachinery 2024-01-01 2024-12-31 SC073938 e:PlantMachinery 2024-12-31 SC073938 e:PlantMachinery 2023-12-31 SC073938 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC073938 e:MotorVehicles 2024-01-01 2024-12-31 SC073938 e:MotorVehicles 2024-12-31 SC073938 e:MotorVehicles 2023-12-31 SC073938 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC073938 e:OfficeEquipment 2024-01-01 2024-12-31 SC073938 e:OfficeEquipment 2024-12-31 SC073938 e:OfficeEquipment 2023-12-31 SC073938 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC073938 e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC073938 e:CurrentFinancialInstruments 2024-12-31 SC073938 e:CurrentFinancialInstruments 2023-12-31 SC073938 e:Non-currentFinancialInstruments 2024-12-31 SC073938 e:Non-currentFinancialInstruments 2023-12-31 SC073938 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 SC073938 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 SC073938 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 SC073938 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 SC073938 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-12-31 SC073938 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-12-31 SC073938 e:ReportableOperatingSegment1 2024-01-01 2024-12-31 SC073938 e:ReportableOperatingSegment1 2023-01-01 2023-12-31 SC073938 e:ReportableOperatingSegment2 2024-01-01 2024-12-31 SC073938 e:ReportableOperatingSegment2 2023-01-01 2023-12-31 SC073938 f:UnitedKingdom 2024-01-01 2024-12-31 SC073938 f:UnitedKingdom 2023-01-01 2023-12-31 SC073938 f:RestWorldOutsideUK 2024-01-01 2024-12-31 SC073938 f:RestWorldOutsideUK 2023-01-01 2023-12-31 SC073938 e:UKTax 2024-01-01 2024-12-31 SC073938 e:UKTax 2023-01-01 2023-12-31 SC073938 e:ShareCapital 2024-12-31 SC073938 e:ShareCapital 2023-12-31 SC073938 e:ShareCapital 2023-01-01 SC073938 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 SC073938 e:RetainedEarningsAccumulatedLosses 2024-12-31 SC073938 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC073938 e:RetainedEarningsAccumulatedLosses 2023-12-31 SC073938 e:RetainedEarningsAccumulatedLosses 2023-01-01 SC073938 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 SC073938 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 SC073938 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 SC073938 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 SC073938 e:TaxLossesCarry-forwardsDeferredTax 2024-12-31 SC073938 e:TaxLossesCarry-forwardsDeferredTax 2023-12-31 SC073938 e:RetirementBenefitObligationsDeferredTax 2024-12-31 SC073938 e:RetirementBenefitObligationsDeferredTax 2023-12-31 SC073938 e:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 SC073938 e:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 SC073938 e:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 SC073938 e:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 SC073938 e:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2024-12-31 SC073938 e:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-12-31 SC073938 d:OrdinaryShareClass1 2024-01-01 2024-12-31 SC073938 d:OrdinaryShareClass1 2024-12-31 SC073938 d:OrdinaryShareClass1 2023-12-31 SC073938 d:FRS102 2024-01-01 2024-12-31 SC073938 d:Audited 2024-01-01 2024-12-31 SC073938 d:FullAccounts 2024-01-01 2024-12-31 SC073938 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC073938 e:WithinOneYear 2024-12-31 SC073938 e:WithinOneYear 2023-12-31 SC073938 e:BetweenOneFiveYears 2024-12-31 SC073938 e:BetweenOneFiveYears 2023-12-31 SC073938 e:MoreThanFiveYears 2024-12-31 SC073938 e:MoreThanFiveYears 2023-12-31 SC073938 e:HirePurchaseContracts e:WithinOneYear 2024-12-31 SC073938 e:HirePurchaseContracts e:WithinOneYear 2023-12-31 SC073938 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-12-31 SC073938 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-12-31 SC073938 e:Buildings e:LeasedAssetsHeldAsLessee 2024-12-31 SC073938 e:Buildings e:LeasedAssetsHeldAsLessee 2023-12-31 SC073938 e:LeasedAssetsHeldAsLessee 2024-12-31 SC073938 e:LeasedAssetsHeldAsLessee 2023-12-31 SC073938 g:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC073938


 
 
 
 
 
 
 
 
 
 
 
 
 
 
STREAMLINE SHIPPING AGENCIES LIMITED




ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

COMPANY INFORMATION


Directors
Mr I Adam 
Mr A Fitchett 
Mr D C Gray 
Mr E Ockendon 
Mr E A T Roberts 
Mr E S T Roberts 
Mr S J T Roberts 




Company secretary
Dentons Secretaries Limited



Registered number
SC073938



Registered office
Streamline Terminal
Blaikies Quay

Aberdeen

Scotland

AB11 5PU




Independent auditor
Anderson Anderson & Brown Audit LLP

Kingshill View

Prime Four Business Park

Kingswells

Aberdeen

AB15 8PU





 
STREAMLINE SHIPPING AGENCIES LIMITED
 

CONTENTS



Page
Strategic report
1 - 2
Directors' report
3 - 4
Directors' responsibilities statement
5
Independent auditor's report
6 - 9
Statement of comprehensive income
10
Balance sheet
11
Statement of changes in equity
12
Notes to the financial statements
13 - 27

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

Fair View of the business

The principal activities of the company continue to be the provision of haulage, distribution, forwarding and vessel agency services.

The key financial indicators for the business are set out below:
ole1877.png

The directors are happy with an increased profit and operating margin in 2024.  2024 has also seen healthy increases in both Net Assets and Net Current Assets.

We maintain a strong relationship with our Asset Finance and Banking providers, and facilities were fully renewed in June 2025.  This support has allowed us to continue to provide a modern fleet and equipment to support our growing customer base.  We have, however, maintained a prudent approach to investment through 2024, given the current landscape.  This has allowed us to maintain a strong cash position.

The directors continue to scrutinise performance of all divisions carefully, with a strong focus on cost reduction and efficiency.  The business has invested in new equipment and technology in 2024, taking a long-term view, to stay at the forefront of the industry, driving digitalisation and integrating with our partners.

Future outlook

The directors are confident of a positive result in 2025.  The current economic climate continues to cause upward pressure on many costs, but we continue to diligently review all business costs to stay efficient and keep rate increases to a minimum, in line with market conditions.

Page 1

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Principal risks and uncertainties
 
Credit Risk
All customers are credit checked before credit is made available.  A strict credit control process is maintained, and the business is notified of any changes affecting the credit worthiness of a customer.
Liquidity Risk
The company continues to improve its cash position, in order to minimise the risk of unforeseen circumstances, and at the same time, provide options to fund its working capital requirements
 
Interest Rate Risk
The company utilises a mixture of generated profits and borrowings to fund its working capital requirements and investment.  Although a significant increase in interest rates would have an adverse effect on the business, we’re confident that our long-standing relationship with our finance providers would help minimise these impacts.
Foreign Exchange Risk
Although only a small percentage of transactions are conducted in a foreign currency, large changes in exchange rates could affect the profitability of this work.  We monitor exchange rates daily, and take action where required to reduce the impact of large fluctuations.
Inflation Risk
Due to the current economic climate, we’ve seen the most volatile period of inflation in a generation.  This can result in significant increases to various costs and there is a risk of rapidly diminishing margins.  We have implemented a more dynamic rate structure to minimise this risk, through mechanisms such as fuel surcharges and more regular rate reviews.
Environment
The company recognises its responsibilities in relation to its impact on the environment.  An environmental strategy was brought into action in 2020, and we will look to continue our transition to green-energy transport, by replacing diesel vehicles with fully electric options.

Other key performance indicators
 
The directors continually seek to improve HSEQ awareness, employee engagement and wellbeing, and customer service levels and relationships, through the implementation of management systems that meet the standards set out in ISO 9001, ISO 14001 and OHSAS 18001


This report was approved by the board and signed on its behalf.



Mr E S T Roberts
Director

Date: 4 July 2025
Page 2

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Principal activity

The principal activity of the company continued to be the provision of haulage, distribution, forwarding and vessel agency services.

Results and dividends

The profit for the year, after taxation, amounted to £914,716 (2023 - £275,200).

During the period, dividends amounting to £NIL (2023 - £100,000) were paid to ordinary shareholders.

Directors

The directors who served during the year were:

Mr I Adam 
Mr A Fitchett 
Mr D C Gray 
Mr E Ockendon 
Mr E A T Roberts 
Mr E S T Roberts 
Mr S J T Roberts 

Future developments

The directors are confident of a positive result in 2025. The current economic climate continues to cause upward pressure on many costs, but we continue to diligently review all business costs to stay efficient and keep rate increases to a minimum, in line with market conditions.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.
Page 3

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024


Auditor

A resolution to appoint AAB Audit & Accountancy Limited as auditor of the company will be proposed at the next general meeting.

This report was approved by the board and signed on its behalf.
 





Mr E S T Roberts
Director

Date: 4 July 2025
Page 4

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STREAMLINE SHIPPING AGENCIES LIMITED
 

Opinion


We have audited the financial statements of Streamline Shipping Agencies Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 6

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STREAMLINE SHIPPING AGENCIES LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 7

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STREAMLINE SHIPPING AGENCIES LIMITED (CONTINUED)

Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, taxation, employment and health and safety legislation.

We identified the greatest risk of material impact on the financial statements from irregularities including fraud to be:

Management override of controls to manipulate the company’s key performance indicators to meet targets;
Timing and completeness of revenue recognition
Management judgement applied in calculating provisions; and
Compliance with relevant laws and regulations which directly impact the financial statements and those that the company needs to comply with for the purpose of trading.

Our audit procedures to respond to these risks included:

Testing of journal entries and other adjustments for appropriateness;
Evaluating the business rationale of significant transactions outside the normal course of business;
Reviewing judgements made by management in their calculation of accounting estimates for potential management bias;
Enquiries of management about litigation and claims and inspection of relevant correspondence; and
Reviewing legal and professional fees to identify indications of actual or potential litigation, claims and any non-compliance with laws and regulation


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
Page 8

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STREAMLINE SHIPPING AGENCIES LIMITED (CONTINUED)

Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Derek Mair (Senior statutory auditor)
  
for and on behalf of
Anderson Anderson & Brown Audit LLP
 
Statutory Auditor
  
Kingshill View
Prime Four Business Park
Kingswells
Aberdeen
AB15 8PU

4 July 2025
Page 9

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
 2 
41,235,811
36,893,082

Cost of sales
  
(30,327,169)
(27,371,596)

Gross profit
  
10,908,642
9,521,486

Administrative expenses
  
(9,469,374)
(8,981,487)

Operating profit
 3 
1,439,268
539,999

Interest payable and similar expenses
 6 
(154,843)
(94,580)

Profit before tax
  
1,284,425
445,419

Tax on profit
 7 
(369,709)
(170,219)

Profit for the financial year
  
914,716
275,200

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 13 to 27 form part of these financial statements.
Page 10

 
STREAMLINE SHIPPING AGENCIES LIMITED
REGISTERED NUMBER:SC073938

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 9 
5,801,042
5,236,016

  
5,801,042
5,236,016

Current assets
  

Debtors: amounts falling due within one year
 10 
8,792,669
8,289,123

Cash at bank and in hand
 11 
1,355,094
68,402

  
10,147,763
8,357,525

Creditors: amounts falling due within one year
 12 
(7,491,854)
(6,061,981)

Net current assets
  
 
 
2,655,909
 
 
2,295,544

Total assets less current liabilities
  
8,456,951
7,531,560

Creditors: amounts falling due after more than one year
 13 
(3,377,773)
(3,671,842)

Provisions for liabilities
  

Deferred tax
 17 
(982,471)
(671,260)

Other provisions
 18 
(283,000)
(289,467)

  
 
 
(1,265,471)
 
 
(960,727)

Net assets
  
3,813,707
2,898,991


Capital and reserves
  

Called up share capital 
 19 
100,000
100,000

Profit and loss account
  
3,713,707
2,798,991

  
3,813,707
2,898,991


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr E S T Roberts
Mr E Ockendon
Director
Director


Date: 4 July 2025
Date:4 July 2025

The notes on pages 13 to 27 form part of these financial statements.
Page 11

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
100,000
2,623,791
2,723,791



Profit for the year
-
275,200
275,200

Dividends: Equity capital
-
(100,000)
(100,000)



At 1 January 2024
100,000
2,798,991
2,898,991



Profit for the year
-
914,716
914,716


At 31 December 2024
100,000
3,713,707
3,813,707


The notes on pages 13 to 27 form part of these financial statements.
Page 12

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Going concern

The company continues to be profitable and cash-generative throughout 2025 to the date of signing the financial statements. Financial forecasts for 12 months from the date of signing these financial statements, despite factoring in increasing upward pressure on various costs such as fuel, wages and subcontract haulage, continue to show profitable and cash positive results. At the year end, the company had net assets of £3,813,707 (2023: £2,898,991) and net current assets of £74,414 (2023: £2,295,544), including a cash balance of £1,355,094 (2023: £68,402). 
Full banking facilities were renewed in June 2025. Working capital continues to be increasingly funded from profits, with a decreasing reliance on external finance.
Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 13

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 14

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.8

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 15

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)


1.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Tenant improvements
-
Term of lease
Plant and machinery
-
15 to 25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 16

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 17

 
STREAMLINE SHIPPING AGENCIES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)


1.15
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
1.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Haulage, distribution and forwarding, and agency
41,080,091
36,696,461

Stevedoring
155,720
196,621

41,235,811
36,893,082


Analysis of turnover by country of destination:

2024
2023
£
£

United Kingdom
36,491,858
31,445,909

Rest of the world
4,743,953
5,447,173

41,235,811
36,893,082


Page 18

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Fees payable to the company's auditor for the audit of the company's financial statements
31,500
30,000

Depreciation of owned tangible fixed assets
666,414
719,582

Depreciation of tangible fixed assets held under finance leases
488,489
150,342

(Profit) on disposal of tangible fixed assets
(53,478)
(50,907)

Operating lease charges
1,264,503
1,043,986


4.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
10,062,636
8,746,958

Social security costs
1,013,759
895,433

Cost of defined contribution scheme
464,799
433,678

11,541,194
10,076,069


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Operations
146
141



Administration
99
87

245
228

Page 19

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
1,025,340
980,673

Company contributions to defined contribution pension schemes
187,894
182,839

1,213,234
1,163,512


During the year retirement benefits were accruing to 4 directors (2023 - 4) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £240,493 (2023 - £200,150).


6.


Interest payable and similar expenses

2024
2023
£
£


Interest on bank overdrafts and loans
70,343
50,737

Interest on finance leases and hire purchase contracts
84,500
43,843

154,843
94,580


7.


Taxation


2024
2023
£
£

Corporation tax


Adjustments in respect of previous periods
(11,963)
-


Group taxation relief
70,461
(38,180)


58,498
(38,180)


Total current tax
58,498
(38,180)

Deferred tax


Origination and reversal of timing differences
311,211
208,399

Total deferred tax
311,211
208,399


Tax on profit
369,709
170,219
Page 20

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
7.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 23.52%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
1,284,425
445,419


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.52%)
321,106
104,765

Effects of:


Tax effect of expenses that are not deductible in determining taxable profit
19,719
5,661

Depreciation on assets not qualifying for tax allowances
23,369
54,908

Other tax adjustments, reliefs and transfers
-
30,732

Remeasure deferred tax due to the change in rate
-
12,333

Adjustments to tax charge in respect of prior periods
5,515
-

Group relief
-
(38,180)

Total tax charge for the year
369,709
170,219


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


8.


Dividends

2024
2023
£
£


Ordinary dividends paid
-
100,000

-
100,000
Page 21

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Tangible fixed assets





Freehold property
Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2024
190,000
1,544,949
2,075,030
2,254,757
328,997
6,393,733


Additions
-
47,691
451,881
1,286,856
61,322
1,847,750


Disposals
-
-
(162,721)
(214,872)
(69,504)
(447,097)



At 31 December 2024

190,000
1,592,640
2,364,190
3,326,741
320,815
7,794,386



Depreciation


At 1 January 2024
-
200,930
284,557
505,640
166,590
1,157,717


Charge for the year on owned assets
-
127,559
325,200
646,212
55,932
1,154,903


Disposals
-
-
(109,728)
(164,271)
(45,277)
(319,276)



At 31 December 2024

-
328,489
500,029
987,581
177,245
1,993,344



Net book value



At 31 December 2024
190,000
1,264,151
1,864,161
2,339,160
143,570
5,801,042



At 31 December 2023
190,000
1,344,019
1,790,473
1,749,117
162,407
5,236,016

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Certain items of plant & machinery and motor vehicles
1,954,001
1,441,141

1,954,001
1,441,141

Included in freehold property is a property with carrying value of £190,000 (2023: £190,000) which has not been depreciated. The non-depreciation of the buildings element of property is not in accordance with FRS 102 but in the directors' opinion, the effect of this departure is not considered material.
Page 22

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Debtors

2024
2023
£
£


Trade debtors
6,353,764
6,318,676

Amounts owed by group undertakings
1,404,659
947,680

Other debtors
79,866
35,486

Prepayments and accrued income
954,380
987,281

8,792,669
8,289,123



11.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,355,094
68,402

Less: bank overdrafts
-
(26,092)

1,355,094
42,310



12.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
26,092

Other loans
453,336
-

Trade creditors
3,557,907
3,381,237

Amounts owed to group undertakings
541,681
545,602

Other taxation and social security
981,917
867,376

Obligations under finance lease and hire purchase contracts
845,819
608,431

Other creditors
221,420
497,594

Accruals and deferred income
889,774
135,649

7,491,854
6,061,981




Page 23

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
13,608

Obligations under finance leases
796,278
697,344

Amounts owed to group undertakings
2,581,495
-

Amounts owed to associates
-
2,960,890

3,377,773
3,671,842



14.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
453,336
-

Amounts falling due 1-2 years

Other loans
-
13,608



453,336
13,608



15.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
749,006
523,187

Between 1-5 years
893,090
782,588

1,642,096
1,305,775

Finance lease payments represent rentals payable by the company for certain items of plant and machinery and motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
Net obligations under hire purchase are secured by fixed charges on the asset concerned.

Page 24

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

16.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,355,094
68,402




Financial assets measured at fair value through profit or loss comprises cash at bank and in hand.


17.


Deferred taxation




2024


£






At beginning of year
671,260


Charged to profit or loss
311,211



At end of year
982,471

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,049,677
899,909

Tax losses carried forward
-
(175,071)

Short term timing differences
(67,206)
(53,578)

982,471
671,260


18.


Provisions




Dilapidation provision
Other provisions
Total

£
£
£





At 1 January 2024
161,000
128,467
289,467


Charged to profit or loss
72,000
(78,467)
(6,467)



At 31 December 2024
233,000
50,000
283,000

Page 25

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

19.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary shares shares of £1.00 each
100,000
100,000



20.


Financial commitments, guarantees and contingent liabilities

The company's bankers hold cross corporate guarantees between Streamline Shipping Group Limited, Streamline Shipping Agencies Limited, Northern Isles Freightways Limited, and Prasinus Holdings Limited, together with a bond and floating charge over all of the assets of the group.
The bankers also hold a letter of offset on account of the aforementioned companies for all sums. The letter is secured against all sums which are now or which may at any time hereafter be at the credit of the company.
The bank also sums which are now or which may at the time hereafter be at the credit of the company.
The bank also holds security over the company's property.
At the year end, a total of £190,000 (2023 - £199,584) was secured across the group.


21.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,078,079
864,000

Later than 1 year and not later than 5 years
1,602,933
2,025,273

Later than 5 years
1,724,762
1,953,167

4,405,774
4,842,440

Page 26

 
STREAMLINE SHIPPING AGENCIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

22.


Related party transactions

During the year the company entered into the following transactions with related parties:
During the year the company made sales of £38,595 (2023: £12,000) to group companies that were not wholly owned, and the balance due from such group companies at the balance sheet date was £1,404,659 (2023: £909,500). The company made purchases of £12,160 (2023: £2,000) from such group companies during the year and the balance owed to such group companies at the balance sheet date was £22,635 (2023: £1,200).
During the year the company rented properties for £173,656 (2023: £165,000) from a pension fund in which some of the directors are trustees. There was no balance due to the pension fund at the year end (2023: £NIL).
During the year the company made sales of £883 (2023 - £NIL) to a company with a common director. The balance due at the balance sheet date was £NIL (2023 - £NIL). 
The company has taken advantage of the exemption available in accordance with section 33 of FRS 102
'Related party disclosures' not to disclose transactions entered into between two or more members of the
group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.
During the year, directors advanced £499,280 (2023 - £402,126) and were repaid £500,000 (2023 - £14,924). At 31 December 2024, the balance due from directors was £NIL (2023 - £720).


23.


Controlling party

The immediate and ultimate parent company is Streamline Shipping Group Limited, a company incorporated in the United Kingdom whose registered office is the same as that of the company.
Streamline Shipping Group Limited prepares consolidated financial statements and copies can be 
obtained from Companies House, 4th Floor, Edinburgh Quay 2, 139 Fountainbridge, Edinburgh, EH3 9FF.
Mr E S T Roberts controls Streamline Shipping Group Limited.
Page 27