REGISTERED NUMBER: 04286329 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Immingham Tankwash Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S E Giles

L K Giles

REGISTERED OFFICE:

Middleplatt Road

Immingham

North Lincolnshire

DN40 1AH

REGISTERED NUMBER:

04286329 (England and Wales)

FIXED ASSETS

Tangible assets

4

217,418

173,372

CURRENT ASSETS

Debtors

5

217,513

204,517

Cash at bank

128,028

117,458

345,541

321,975

CREDITORS

Amounts falling due within one year

6

123,208

121,795

NET CURRENT ASSETS

222,333

200,180

TOTAL ASSETS LESS CURRENT LIABILITIES

439,751

373,552

CREDITORS

Amounts falling due after more than one year

7

(107,665

)

(102,592

)

PROVISIONS FOR LIABILITIES

(30,919

)

(26,671

)

NET ASSETS

301,167

244,289

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

301,067

244,189

SHAREHOLDERS' FUNDS

301,167

244,289

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 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.

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 18 August 2025 and were signed on its behalf by:

S E Giles - Director

1.	STATUTORY INFORMATION

Immingham Tankwash 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on cost

Plant and machinery

-

15% on reducing balance and 10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2023

4,855

191,705

4,384

Additions

-

84,669

-

At 30 September 2024

4,855

276,374

4,384

DEPRECIATION

At 1 October 2023

4,855

138,235

3,724

Charge for year

-

11,047

99

At 30 September 2024

4,855

149,282

3,823

NET BOOK VALUE

At 30 September 2024

-

127,092

561

At 30 September 2023

-

53,470

660

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

175,292

3,915

380,151

Additions

-

228

84,897

At 30 September 2024

175,292

4,143

465,048

DEPRECIATION

At 1 October 2023

56,359

3,606

206,779

Charge for year

29,633

72

40,851

At 30 September 2024

85,992

3,678

247,630

NET BOOK VALUE

At 30 September 2024

89,300

465

217,418

At 30 September 2023

118,933

309

173,372

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

130,146

Additions

45,000

At 30 September 2024

175,146

DEPRECIATION

At 1 October 2023

19,624

Charge for year

29,881

At 30 September 2024

49,505

NET BOOK VALUE

At 30 September 2024

125,641

At 30 September 2023

110,522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

34,948

47,975

Other debtors

182,565

156,542

217,513

204,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

27,677

20,319

Trade creditors

23,303

9,079

Taxation and social security

56,217

33,485

Other creditors

6,011

48,912

123,208

121,795

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

7,500

17,500

Hire purchase contracts

100,165

85,092

107,665

102,592

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

S E Giles

Balance outstanding at start of year

111,537

84,328

Amounts advanced

36,938

53,477

Amounts repaid

(50,177

)

(26,268

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

98,298

111,537

9.	RELATED PARTY DISCLOSURES

The controlling party is S E Giles.