Company Registration No. 05372841 (England and Wales)
Holmwood International Shipping Limited
Unaudited accounts
for the year ended 31 December 2021
Holmwood International Shipping Limited
Unaudited accounts
Contents
Holmwood International Shipping Limited
Company Information
for the year ended 31 December 2021
Directors
Mr M Holmwood
Mrs A Holmwood
Company Number
05372841 (England and Wales)
Registered Office
THE PADDOCK OAK LANE
MINSTER ON SEA
SHEERNESS
ME12 3QR
ENGLAND
Holmwood International Shipping Limited
Statement of financial position
as at 31 December 2021
Tangible assets
60,322
28,824
Cash at bank and in hand
190,034
308,292
Creditors: amounts falling due within one year
(16,983)
(36,179)
Net current assets
196,649
295,741
Total assets less current liabilities
256,996
324,590
Creditors: amounts falling due after more than one year
(7,495)
-
Provisions for liabilities
Deferred tax
(1,733)
(2,411)
Net assets
247,768
322,179
Called up share capital
62
61
Profit and loss account
247,706
322,118
Shareholders' funds
247,768
322,179
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2022 and were signed on its behalf by
Mr M Holmwood
Director
Company Registration No. 05372841
Holmwood International Shipping Limited
Notes to the Accounts
for the year ended 31 December 2021
Holmwood International Shipping Limited is a private company, limited by shares, registered in England and Wales, registration number 05372841. The registered office is THE PADDOCK OAK LANE, MINSTER ON SEA, SHEERNESS, ME12 3QR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Motor vehicles
33% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
33% Straight Line
Investments in shares are included at fair value.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Holmwood International Shipping Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
-
-
55,655
2,104
57,759
Additions
2,604
42,224
-
299
45,127
At 31 December 2021
2,604
42,224
55,655
2,403
102,886
At 1 January 2021
-
-
26,969
1,966
28,935
Charge for the year
568
8,291
4,566
204
13,629
At 31 December 2021
568
8,291
31,535
2,170
42,564
At 31 December 2021
2,036
33,933
24,120
233
60,322
At 31 December 2020
-
-
28,686
138
28,824
Carrying values included above held under finance leases and hire purchase contracts:
£
£
5
Investments
Subsidiary undertakings
Valuation at 1 January 2021
25
Valuation at 31 December 2021
25
6
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
4,544
-
Accrued income and prepayments
146
-
Other debtors
18,908
23,628
7
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
5,003
-
Taxes and social security
4,058
27,703
Holmwood International Shipping Limited
Notes to the Accounts
for the year ended 31 December 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
7,495
-
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
10 A Ordinary shares of £1 each
10
10
2 B Ordinary shares of £1 each
2
1
Shares issued during the period:
1 B Ordinary shares of £1 each
1
10
Average number of employees
During the year the average number of employees was 2 (2020: 2).
