Company registration number 10158205 (England and Wales)
ACL SHIPBROKERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ACL SHIPBROKERS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
ACL SHIPBROKERS LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ACL SHIPBROKERS LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ACL Shipbrokers Limited for the year ended 31 March 2026 which comprise, the 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 ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of ACL Shipbrokers Limited, as a body, in accordance with the terms of our engagement letter dated 11 August 2021. Our work has been undertaken solely to prepare for your approval the financial statements of ACL Shipbrokers Limited and state those matters that we have agreed to state to the b oard of d irectors of ACL Shipbrokers Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACL Shipbrokers Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that ACL Shipbrokers 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 profit of ACL Shipbrokers Limited. You consider that ACL Shipbrokers 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 ACL Shipbrokers 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 f inancial statements.

A.J.B. Scholes Ltd
Chartered Accountants
8 Walker Street
Edinburgh
EH3 7LA
1 July 2026
ACL SHIPBROKERS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,689
3,177
Tangible assets
4
3,011
2,901
5,700
6,078
Current assets
Debtors
5
61,086
203,086
Cash at bank and in hand
20,828
24,781
81,914
227,867
Creditors: amounts falling due within one year
6
(40,063)
(117,337)
Net current assets
41,851
110,530
Total assets less current liabilities
47,551
116,608
Provisions for liabilities
7
(1,185)
(1,520)
Net assets
46,366
115,088
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
46,266
114,988
Total equity
46,366
115,088
ACL SHIPBROKERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 3 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
Mr A Laing
Mrs OJ Laing
Director
Director
Company registration number 10158205 (England and Wales)
ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

ACL Shipbrokers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover shown in the profit and loss account represents amounts invoiced in respect of work done during the year, net of discounts and is stated net of VAT. Amounts are invoices for work done once the relevant contracts have been completed.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
10% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification.

1.13
Leases
As lessee
ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 7 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
4
3
3
Intangible fixed assets
Software
£
Cost
At 1 April 2025 and 31 March 2026
4,877
Amortisation and impairment
At 1 April 2025
1,700
Amortisation charged for the year
488
At 31 March 2026
2,188
Carrying amount
At 31 March 2026
2,689
At 31 March 2025
3,177
ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
12,443
Additions
2,602
At 31 March 2026
15,045
Depreciation and impairment
At 1 April 2025
9,542
Depreciation charged in the year
2,492
At 31 March 2026
12,034
Carrying amount
At 31 March 2026
3,011
At 31 March 2025
2,901
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
27,302
2,400
Other debtors
33,784
200,686
61,086
203,086
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
2,507
623
Taxation and social security
36,599
110,815
Other creditors
957
5,899
40,063
117,337
7
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
1,185
1,520
ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
8
Share-based payment transactions

The company operates an enterprise management incentive scheme under which terms employees have been granted options to acquire shares in the company. The options may be exercised only on the occurrence of certain events specified in the option agreement.

Number of share options
Weighted average exercise price
2026
2025
2026
2025
Number
Number
£
£
Outstanding at 1 April 2025
-
0
-
0
-
0
-
0
Granted
3
-
0
6,400.00
-
0
Outstanding at 31 March 2026
3
-
0
6,400.00
-
0
Exercisable at 31 March 2026
3
-
0
6,400.00
-
0

The options outstanding at 31 March 2026 had an exercise price of £6,400, and a remaining contractual life of 4.7 years.

The weighted average fair value of options granted was determined using the Black-Scholes option pricing model. The Black-Scholes model is considered to apply the most appropriate valuation method due to the relatively short contractual lives of the options and the requirement to exercise within a short period after the employee becomes entitled to the shares (the “vesting date”).

The expected life used in the model has been adjusted, based on management’s best estimate, for the effect of non-transferability, exercise restrictions, and behavioural considerations.

Non-vesting conditions and market conditions are taken into account when estimating the fair value of the option at grant date. Service conditions and non-market performance conditions are taken into account by adjusting the number of options expected to vest at each reporting date.

9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
50
50
50
50
B Ordinary shares of £1 each
50
50
50
50
100
100
100
100
10
Directors' transactions

Interest free loans have been granted by the company to its directors as follows:

ACL SHIPBROKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
10
Directors' transactions
(Continued)
- 10 -
Loans
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr A Laing - loan
3.75
129,337
142,018
5,517
(265,030)
11,842
129,337
142,018
5,517
(265,030)
11,842
2026-03-31 2025-04-01 false false false 01 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr A Laing Mrs O J Laing Mrs OJ Laing 10158205 2025-04-01 2026-03-31 10158205 2026-03-31 10158205 2025-03-31 10158205 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 10158205 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 10158205 core:OtherPropertyPlantEquipment 2026-03-31 10158205 core:OtherPropertyPlantEquipment 2025-03-31 10158205 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 10158205 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10158205 core:CurrentFinancialInstruments 2026-03-31 10158205 core:CurrentFinancialInstruments 2025-03-31 10158205 core:ShareCapital 2026-03-31 10158205 core:ShareCapital 2025-03-31 10158205 core:RetainedEarningsAccumulatedLosses 2026-03-31 10158205 core:RetainedEarningsAccumulatedLosses 2025-03-31 10158205 core:ShareCapitalOrdinaryShareClass2 2026-03-31 10158205 core:ShareCapitalOrdinaryShareClass2 2025-03-31 10158205 core:ShareCapitalOrdinaryShareClass3 2026-03-31 10158205 core:ShareCapitalOrdinaryShareClass3 2025-03-31 10158205 core:ShareCapitalOrdinaryShares 2026-03-31 10158205 core:ShareCapitalOrdinaryShares 2025-03-31 10158205 bus:Director1 2025-04-01 2026-03-31 10158205 bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 10158205 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 10158205 core:ComputerSoftware 2025-04-01 2026-03-31 10158205 core:PlantMachinery 2025-04-01 2026-03-31 10158205 2024-04-01 2025-03-31 10158205 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 10158205 core:OtherPropertyPlantEquipment 2025-03-31 10158205 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 10158205 2025-03-31 10158205 2024-03-31 10158205 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 10158205 bus:OrdinaryShareClass3 2025-04-01 2026-03-31 10158205 bus:OrdinaryShareClass2 2026-03-31 10158205 bus:OrdinaryShareClass2 2025-03-31 10158205 bus:OrdinaryShareClass3 2026-03-31 10158205 bus:OrdinaryShareClass3 2025-03-31 10158205 bus:AllOrdinaryShares 2026-03-31 10158205 bus:AllOrdinaryShares 2025-03-31 10158205 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 10158205 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 10158205 bus:FRS102 2025-04-01 2026-03-31 10158205 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 10158205 bus:Director2 2025-04-01 2026-03-31 10158205 bus:CompanySecretary1 2025-04-01 2026-03-31 10158205 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP