The Blackwater Barge Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02691215 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

The Blackwater Barge Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Jeffries

S J Valentine

SECRETARY:

S J Valentine

REGISTERED OFFICE:

22 Church Street

Maldon

Essex

CM9 5HP

REGISTERED NUMBER:

02691215 (England and Wales)

ACCOUNTANTS:

Harvey Smith & Co DVQ Limited

Chartered Certified Accountants

2 High Street

Burnham on Crouch

Essex

CM0 8AA

FIXED ASSETS

Tangible assets

4

66,432

76,271

CURRENT ASSETS

Debtors

5

671

10,628

Cash at bank

5,207

18,846

5,878

29,474

CREDITORS

Amounts falling due within one year

6

4,570

2,489

NET CURRENT ASSETS

1,308

26,985

TOTAL ASSETS LESS CURRENT LIABILITIES

67,740

103,256

CREDITORS

Amounts falling due after more than one year

7

18,000

18,000

NET ASSETS

49,740

85,256

CAPITAL AND RESERVES

Called up share capital

5

5

Revaluation reserve

8

79,167

88,277

Retained earnings

(29,432

)

(3,026

)

SHAREHOLDERS' FUNDS

49,740

85,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 19 June 2020 and were signed on its behalf by:

P A Jeffries - Director

1.	STATUTORY INFORMATION

The Blackwater Barge Company 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.

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 as modified by the revaluation of certain assets.

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 and 5% on 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2019

and 31 March 2020

259,016

DEPRECIATION

At 1 April 2019

182,745

Charge for year

9,839

At 31 March 2020

192,584

NET BOOK VALUE

At 31 March 2020

66,432

At 31 March 2019

76,271

Cost or valuation at 31 March 2020 is represented by:

Plant and

machinery

etc

£

Valuation in 1996

45,051

Valuation in 2009

137,149

Cost

76,816

259,016

If the barge had not been revalued it would have been included at the following historical cost:

31.3.20

31.3.19

£

£

Cost

64,895

64,895

Aggregate depreciation

64,893

64,482

The barge was valued on an open market basis on 28 February 2009 by the company directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

6,278

Other debtors

671

4,350

671

10,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

262

527

Taxation and social security

2,380

-

Other creditors

1,928

1,962

4,570

2,489

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

18,000

18,000

8.

RESERVES

Revaluation

reserve

£

At 1 April 2019

88,277

Tfr from Revaluation reserve

(9,110

)

At 31 March 2020

79,167

9.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of S J Valentine and P Jeffries by virtue of their shareholdings and

directorships.