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REGISTERED NUMBER: 00729498 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2024

for

Shipway Bros. (Caterers) Limited

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Contents of the Financial Statements

for the Year Ended 30 December 2024

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

Shipway Bros. (Caterers) Limited

Company Information

for the Year Ended 30 December 2024

| DIRECTORS: | N J Tumelty

| J P Tumelty

| SECRETARY: | J P Tumelty

| REGISTERED OFFICE: | The Lodge

| 45 Wellington Road

| Dudley

| West Midlands

| DY1 1RD

| REGISTERED NUMBER: | 00729498 (England and Wales)

| ACCOUNTANTS: | Wilkes Tranter & Co Limited

| Brook House

| Moss Grove

| Kingswinford

| West Midlands

| DY6 9HS

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Shipway Bros. (Caterers) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shipway Bros. (Caterers) Limited for the year ended 30 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shipway Bros. (Caterers) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shipway Bros. (Caterers) Limited and state those matters that we have agreed to state to the Board of Directors of Shipway Bros. (Caterers) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shipway Bros. (Caterers) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shipway Bros. (Caterers) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shipway Bros. (Caterers) Limited. You consider that Shipway Bros. (Caterers) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shipway Bros. (Caterers) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

3 October 2025

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Balance Sheet

30 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 12,330 |  | 14,418 |  |

CURRENT ASSETS

Stocks | 17,200 |  | 18,152 |  |

Debtors | 5 | 561 |  | 6,968 |  |

Cash at bank and in hand | 29,765 |  | 36,244 |  |

47,526 |  | 61,364 |  |

CREDITORS

Amounts falling due within one year | 6 | (61,946 | ) | (60,208 | ) |

NET CURRENT (LIABILITIES)/ASSETS | (14,420 | ) | 1,156 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,090 | ) | 15,574 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (28,874 | ) | (34,891 | ) |

NET LIABILITIES | (30,964 | ) | (19,317 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (31,064 | ) | (19,417 | ) |

(30,964 | ) | (19,317 | ) |

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Balance Sheet - continued

30 December 2024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

J P Tumelty - Director

N J Tumelty - Director

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Notes to the Financial Statements

for the Year Ended 30 December 2024

1. | STATUTORY INFORMATION

| Shipway Bros. (Caterers) 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 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.

| Improvements to property | - | 15% on reducing balance and straight line over 6 years

| Plant and machinery | - | 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 Profit and Loss Account, 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

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

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Notes to the Financial Statements - continued

for the Year Ended 30 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| At 30 December 2024 there was a deficiency of assets of £30,964 (2023 - £19,317). The company is dependant upon the continued financial support of creditors, it is understood that this support will continue. On this basis the director's considers it appropriate to prepare financial statements on a going concern basis. These financial statements do not include any adjustments which would arise if the accounts had not been prepared on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2023 - 11 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 31 December 2023 | 116,407 |  | 37,163 |  | 153,570 |  |

| Additions | - |  | 446 |  | 446 |  |

| At 30 December 2024 | 116,407 |  | 37,609 |  | 154,016 |  |

| DEPRECIATION

| At 31 December 2023 | 107,251 |  | 31,901 |  | 139,152 |  |

| Charge for year | 1,459 |  | 1,075 |  | 2,534 |  |

| At 30 December 2024 | 108,710 |  | 32,976 |  | 141,686 |  |

| NET BOOK VALUE

| At 30 December 2024 | 7,697 |  | 4,633 |  | 12,330 |  |

| At 30 December 2023 | 9,156 |  | 5,262 |  | 14,418 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | (324 | ) | 5,015 |  |

| Other debtors | 885 |  | 1,953 |  |

561 |  | 6,968 |  |

Shipway Bros. (Caterers) Limited (Registered number: 00729498)

Notes to the Financial Statements - continued

for the Year Ended 30 December 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 18,876 |  | 18,279 |  |

| Trade creditors | 2,485 |  | 4,442 |  |

| Taxation and social security | 33,460 |  | 32,648 |  |

| Other creditors | 7,125 |  | 4,839 |  |

61,946 |  | 60,208 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 28,874 |  | 34,891 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 4,138 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank overdrafts | 11,886 |  | 11,289 |  |