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COMPANY REGISTRATION NUMBER: 3190702

A.P. Shipping Limited

Filleted Unaudited Financial Statements

30 April 2025

A.P. Shipping Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 627,837 |  | 645,592

Current assets

Debtors | 7 | 507,277 |  | 567,957 |
Cash at bank and in hand | 312,713 |  | 221,110 |
| --------- |  | --------- |
| 819,990 |  | 789,067 |

Creditors: amounts falling due within one year | 8 | 466,940 |  | 503,469 |
| --------- |  | --------- |
Net current assets |  | 353,050 |  | 285,598
|  | --------- |  | ---------
Total assets less current liabilities |  | 980,887 |  | 931,190

Creditors: amounts falling due after more than one year | 9 |  | 194,369 |  | 220,310

Provisions

Taxation including deferred tax |  | 4,102 |  | 3,831
|  | --------- |  | ---------
Net assets |  | 782,416 |  | 707,049
|  | --------- |  | ---------

Capital and reserves

Called up share capital | 10 |  | 1,102 |  | 1,101
Revaluation reserve |  | 292,857 |  | 292,857
Profit and loss account |  | 488,457 |  | 413,091
|  | --------- |  | ---------
Shareholders funds |  | 782,416 |  | 707,049
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

A.P. Shipping Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 4 August 2025 , and are signed on behalf of the board by:

Mr A R Pelham |
Director |

Company registration number: 3190702

A.P. Shipping Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Britannic House, 279 Chanterlands Avenue, Hull, East Yorkshire, HU5 4DS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 2% straight line
| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance

4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2024: 13 ).
5. Tax on profit
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 64,130 | 42,524

Deferred tax:

Origination and reversal of timing differences | 271 | ( 1,632)
| -------- | --------
Tax on profit | 64,401 | 40,892
| -------- | --------

6. Tangible assets

| Freehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 May 2024 and 30 April 2025 | 700,000 | 11,500 | 40,872 | 12,999 | 765,371
| --------- | -------- | -------- | -------- | ---------
Depreciation |  |  |  |  |
At 1 May 2024 | 74,572 | 3,191 | 36,329 | 5,687 | 119,779
Charge for the year | 14,000 | 1,246 | 681 | 1,828 | 17,755
| --------- | -------- | -------- | -------- | ---------
At 30 April 2025 | 88,572 | 4,437 | 37,010 | 7,515 | 137,534
| --------- | -------- | -------- | -------- | ---------
Carrying amount |  |  |  |  |
At 30 April 2025 | 611,428 | 7,063 | 3,862 | 5,484 | 627,837
| --------- | -------- | -------- | -------- | ---------
At 30 April 2024 | 625,428 | 8,309 | 4,543 | 7,312 | 645,592
| --------- | -------- | -------- | -------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 275,186 | 233,931
Prepayments and accrued income | 13,150 | 13,150
Amounts owed by associated companies | 204,500 | 305,000
Other debtors | 14,441 | 15,876
| --------- | ---------
| 507,277 | 567,957
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 26,789 | 25,779
Trade creditors | 366,373 | 424,892
Accruals and deferred income | 5,482 | 5,847
Corporation tax | 64,130 | 42,524
Social security and other taxes | 3,408 | 3,888
Director loan accounts | 758 | 539
| --------- | ---------
| 466,940 | 503,469
| --------- | ---------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 194,369 | 220,310
| --------- | ---------

Included within creditors: amounts falling due after more than one year is an amount of £118,202 (2024: £132,364) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loans are secured on the freehold property of the company.
10. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1,000 | 1,000 | 1,000 | 1,000
'A' Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
'B' Ordinary shares of £ 1 each | 1 | 1 | 1 | 1
'C' Ordinary shares of £ 1 each | 1 | 1 | – | –
| ------- | ------- | ------- | -------
| 1,102 | 1,102 | 1,101 | 1,101
| ------- | ------- | ------- | -------

11. Director's advances, credits and guarantees
During the year there were no director's advances, credits and guarantees.
12. Related party transactions
During the year the company entered into the following transactions with related parties:

| Transaction value | Balance owed by/(owed to)
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
A.P. Property Services (Hull) Limited | 4,500 | – | 204,500 | 305,000
| ------- | ---- | --------- | ---------