COMPANY REGISTRATION NUMBER:
02153647
|
WORLD TRANSHIPMENT SERVICES LIMITED |
|
|
FILLETED FINANCIAL STATEMENTS |
|
|
WORLD TRANSHIPMENT SERVICES LIMITED |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
Current assets
|
Debtors |
4 |
99,356 |
|
– |
|
Cash at bank and in hand |
28 |
|
13,880 |
|
--------- |
|
--------- |
|
99,384 |
|
13,880 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
107,186 |
|
9 |
|
---------- |
|
--------- |
|
Net current (liabilities)/assets |
|
(
7,802) |
13,871 |
|
|
------- |
--------- |
|
Total assets less current liabilities |
|
(
7,802) |
13,871 |
|
|
------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
15,000 |
15,000 |
|
Profit and loss account |
|
(
22,802) |
(
1,129) |
|
|
--------- |
--------- |
|
Shareholders (deficit)/funds |
|
(
7,802) |
13,871 |
|
|
--------- |
--------- |
|
|
|
|
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2025
, and are signed on behalf of the board by:
Company registration number:
02153647
|
WORLD TRANSHIPMENT SERVICES LIMITED |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 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 Unit A3 Windsor Place, Faraday Road, Crawley, RH10 9TF, England.
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.
Going concern
As noted in the Directors' Report, the company has ceased activity, with the directors intending to strike off the company and accordingly, the financial statements have been prepared on a basis other than going concern. The directors consider there to be no difference between the valuation on a going concern basis and valuation on liquidation.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
99,356 |
– |
|
--------- |
---- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
101 |
9 |
|
Trade creditors |
107,085 |
– |
|
---------- |
---- |
|
107,186 |
9 |
|
---------- |
---- |
|
|
|
6.
Summary audit opinion
The auditor's report dated
23 December 2025
was
unqualified
, however, the auditor drew attention to the following by way of emphasis.
We draw your attention to the Going concern accounting policy in note 3 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.
The senior statutory auditor was
David Guest FCA
, for and on behalf of
UHY Hacker Young (S.E.) Limited
.
7.
Related party transactions
The company is exempt from disclosing related party transactions with other companies that are wholly owned within the group.
8.
Controlling party
The Company regards Kingscote Rojay Limited, incorporated in England and Wales as its ultimate parent undertaking. The registered office of Kingscote Rojay Limited is Unit A3, Windsor Place, Faraday Road, Crawley, West Sussex, RH10 9TF. The Company is included within the group accounts of Kingscote Rojay Limited.