REGISTERED NUMBER: 01622887

TYSON'S (SHIPS RIGGERS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr M Tyson

Mr J Tyson

Mr C Tyson

Mrs D J Tyson

SECRETARY:

Mrs D J Tyson

REGISTERED OFFICE:

Clark Hearsey

Fairfield Enterprise Centre

Lincoln Way

Louth

Lincolnshire

LN11 0LS

REGISTERED NUMBER:

01622887

ACCOUNTANTS:

Clark Hearsey

Chartered Certified Accountants

Fairfield Enterprise Centre

Lincoln Way

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0LS

FIXED ASSETS

Tangible assets

4

54,602

62,330

Investment property

5

1,092,266

604,256

1,146,868

666,586

CURRENT ASSETS

Stocks

533,863

697,558

Debtors

6

251,097

375,042

Cash at bank

369,652

165,849

1,154,612

1,238,449

CREDITORS

Amounts falling due within one year

7

569,872

647,467

NET CURRENT ASSETS

584,740

590,982

TOTAL ASSETS LESS CURRENT LIABILITIES

1,731,608

1,257,568

CREDITORS

Amounts falling due after more than one year

8

(549,670

)

(185,846

)

PROVISIONS FOR LIABILITIES

(11,500

)

(11,500

)

NET ASSETS

1,170,438

1,060,222

CAPITAL AND RESERVES

Called up share capital

6,200

6,200

Capital redemption reserve

3,800

3,800

Retained earnings

1,160,438

1,050,222

SHAREHOLDERS' FUNDS

1,170,438

1,060,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 16th June 2026 and were signed on its behalf by:

Mr M Tyson - Director

1.	STATUTORY INFORMATION

Tyson's (Ships Riggers) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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 11 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

283,520

Additions

3,641

At 31st March 2026

287,161

DEPRECIATION

At 1st April 2025

221,190

Charge for year

11,369

At 31st March 2026

232,559

NET BOOK VALUE

At 31st March 2026

54,602

At 31st March 2025

62,330

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

604,256

Additions

488,010

At 31st March 2026

1,092,266

NET BOOK VALUE

At 31st March 2026

1,092,266

At 31st March 2025

604,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

169,556

321,513

Other debtors

81,541

53,529

251,097

375,042

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

42,758

64,848

Trade creditors

355,600

480,808

Taxation and social security

165,290

96,471

Other creditors

6,224

5,340

569,872

647,467

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

549,670

185,846

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

390,418

88,757

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

Mr M Tyson

Balance outstanding at start of year

6,706

(9,898

)

Amounts advanced

88,722

16,604

Amounts repaid

(74,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,428

6,706

Mr C Tyson

Balance outstanding at start of year

16,859

13,854

Amounts advanced

3,225

3,005

Amounts repaid

(9,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,084

16,859

Mr J Tyson

Balance outstanding at start of year

6,000

6,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,000

6,000

Mrs D J Tyson

Balance outstanding at start of year

1,000

-

Amounts advanced

10,000

1,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,000

1,000

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr M Tyson, a director throughout this and the previous year.