Alansons Shipping Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01874795 (England and Wales)

Alansons Shipping Limited

Unaudited Financial Statements

for the year ended

30 September 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mr N. A. Roberts

Mr N. T. Oakley

Mrs R Roberts

Mrs G Oakley

Registered office:

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

Registered number:

01874795 (England and Wales)

Bankers:

Barclays Bank Plc

9 High Street

Colchester

Essex

CO1 1AQ

Fixed assets

Property, plant and equipment

4

5,565

1,213

Investments

5

2

2

5,567

1,215

Current assets

Debtors

6

243,486

189,121

Cash at bank and in hand

373,419

302,298

616,905

491,419

Creditors

Amounts falling due within one year

7

(3,312

)

(55,771

)

Net current assets

613,593

435,648

Total assets less current liabilities

619,160

436,863

Capital and reserves

Called up share capital

8,000

8,000

Capital redemption reserve

2,000

2,000

Retained earnings

609,160

426,863

Shareholders' funds

619,160

436,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 30 June 2020 and were signed on its behalf by:

Mr N. A. Roberts - Director

1.	Statutory information

Alansons Shipping 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Consolidation

In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. The company has

therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group

accounts.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the

transaction. Exchange differences are taken into account in arriving at the operating profit.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held

separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3.	Employees and directors

The average number of employees during the year was 4 (2018 - 3 ) .

4.	Property, plant and equipment

Fixtures

Office

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

Cost

At 1 October 2018

1,318

-

38,247

39,565

Additions

-

2,977

1,581

4,558

At 30 September 2019

1,318

2,977

39,828

44,123

Depreciation

At 1 October 2018

211

-

38,141

38,352

Charge for year

111

-

95

206

At 30 September 2019

322

-

38,236

38,558

Net book value

At 30 September 2019

996

2,977

1,592

5,565

At 30 September 2018

1,107

-

106

1,213

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 October 2018

and 30 September 2019

2

Net book value

At 30 September 2019

2

At 30 September 2018

2

Shares in group undertakings

The company owns 100% of the issued share capital of H.D. Blyth Limited a company incorporated in England. The

aggregate share capital and reserves of H.D. Blyth Limited as at 31 March 2019 was £2. The company is dormant.

6.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

144,790

106,080

Other debtors

53,219

14,636

Directors' current accounts

941

37,513

Deferred tax asset

33,047

27,340

Prepayments and accrued income

11,489

3,552

243,486

189,121

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

300

564

Amounts owed to group undertakings

73

-

Corporation tax

-

12,192

Accruals and deferred income

2,939

43,015

3,312

55,771