IRIS Accounts Production v25.1.3.33 06750914 director 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067509142024-01-31067509142025-01-31067509142024-02-012025-01-31067509142023-01-31067509142023-02-012024-01-31067509142024-01-3106750914ns15:EnglandWales2024-02-012025-01-3106750914ns14:PoundSterling2024-02-012025-01-3106750914ns10:Director12024-02-012025-01-3106750914ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3106750914ns10:SmallEntities2024-02-012025-01-3106750914ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3106750914ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3106750914ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3106750914ns10:FullAccounts2024-02-012025-01-3106750914ns10:RegisteredOffice2024-02-012025-01-3106750914ns5:CurrentFinancialInstruments2025-01-3106750914ns5:CurrentFinancialInstruments2024-01-3106750914ns5:Non-currentFinancialInstruments2025-01-3106750914ns5:Non-currentFinancialInstruments2024-01-3106750914ns5:ShareCapital2025-01-3106750914ns5:ShareCapital2024-01-3106750914ns5:RetainedEarningsAccumulatedLosses2025-01-3106750914ns5:RetainedEarningsAccumulatedLosses2024-01-3106750914ns5:PlantMachinery2024-02-012025-01-3106750914ns5:MotorVehicles2024-02-012025-01-3106750914ns5:PlantMachinery2024-01-3106750914ns5:MotorVehicles2024-01-3106750914ns5:PlantMachinery2025-01-3106750914ns5:MotorVehicles2025-01-3106750914ns5:PlantMachinery2024-01-3106750914ns5:MotorVehicles2024-01-3106750914ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3106750914ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-012025-01-3106750914ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-01-3106750914ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3106750914ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3106750914ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3106750914ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-01-3106750914ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-01-3106750914ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-01-3106750914ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-01-3106750914ns5:HirePurchaseContracts2025-01-3106750914ns5:HirePurchaseContracts2024-01-3106750914ns5:WithinOneYear2025-01-3106750914ns5:WithinOneYear2024-01-3106750914ns5:BetweenOneFiveYears2025-01-3106750914ns5:BetweenOneFiveYears2024-01-3106750914ns5:AllPeriods2025-01-3106750914ns5:AllPeriods2024-01-3106750914ns5:DeferredTaxation2024-01-3106750914ns5:DeferredTaxation2024-02-012025-01-3106750914ns5:DeferredTaxation2025-01-31
REGISTERED NUMBER: 06750914 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ESSEX TANKERS LIMITED

ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESSEX TANKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: N McGregor





REGISTERED OFFICE: Meads Corner
A1306 Arterial Road
Purfleet
Essex
RM19 1TS





REGISTERED NUMBER: 06750914 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,244,366 1,083,177

CURRENT ASSETS
Stocks 15,012 13,831
Debtors 5 302,009 442,966
Cash at bank 52,313 128,392
369,334 585,189
CREDITORS
Amounts falling due within one year 6 653,893 573,876
NET CURRENT (LIABILITIES)/ASSETS (284,559 ) 11,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

959,807

1,094,490

CREDITORS
Amounts falling due after more than one
year

7

(199,046

)

(316,046

)

PROVISIONS FOR LIABILITIES 10 (346,410 ) (253,085 )
NET ASSETS 414,351 525,359

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 414,345 525,353
SHAREHOLDERS' FUNDS 414,351 525,359

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

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

ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 13 August 2025 and were signed by:





N McGregor - Director


ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Essex Tankers 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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.
Office equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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
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.

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.

ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 February 2024 63,912 1,817,229 1,881,141
Additions 18,250 811,345 829,595
Disposals - (591,550 ) (591,550 )
At 31 January 2025 82,162 2,037,024 2,119,186
DEPRECIATION
At 1 February 2024 45,316 752,648 797,964
Charge for year 7,369 303,722 311,091
Eliminated on disposal - (234,235 ) (234,235 )
At 31 January 2025 52,685 822,135 874,820
NET BOOK VALUE
At 31 January 2025 29,477 1,214,889 1,244,366
At 31 January 2024 18,596 1,064,581 1,083,177

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 906,755
Additions 137,295
At 31 January 2025 1,044,050
DEPRECIATION
At 1 February 2024 249,150
Charge for year 158,980
At 31 January 2025 408,130
NET BOOK VALUE
At 31 January 2025 635,920
At 31 January 2024 657,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 291,382 439,747
Prepayments 10,627 3,219
302,009 442,966

ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 14,167 24,167
Hire purchase contracts (see note 8) 233,628 246,698
Trade creditors 187,236 182,682
Tax 8,163 -
Social security and other taxes 21,530 20,267
VAT 76,668 7,005
Other creditors 7,936 6,884
Directors' current accounts 67,475 81,323
Accrued expenses 37,090 4,850
653,893 573,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 199,046 316,046

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 233,628 246,698
Between one and five years 199,046 316,046
432,674 562,744

Non-cancellable operating leases
2025 2024
£    £   
Within one year 6,995 -
Between one and five years 8,744 -
15,739 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 432,674 562,744

The hire purchase creditor is secured against the company motor vehicles to which it relates.

ESSEX TANKERS LIMITED (REGISTERED NUMBER: 06750914)

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

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 346,410 253,085

Deferred
tax
£   
Balance at 1 February 2024 253,085
Provided during year 93,325
Balance at 31 January 2025 346,410