Birchwood Marine Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11326409 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

BIRCHWOOD MARINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E C Vick

P F Wagstaff FCA

SECRETARY:

P F Wagstaff FCA

REGISTERED OFFICE:

4 Enterprise Court

Downmill Road

Bracknell

Berkshire

RG12 1QS

REGISTERED NUMBER:

11326409 (England and Wales)

ACCOUNTANTS:

Hamlyns LLP

Chartered Accountants

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU

FIXED ASSETS

Intangible assets

4

1,500,000

1,500,000

CURRENT ASSETS

Debtors

5

150

150

Cash at bank

71

1

221

151

CREDITORS

Amounts falling due within one year

6

400

150

NET CURRENT (LIABILITIES)/ASSETS

(179

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1,499,821

1,500,001

CAPITAL AND RESERVES

Called up share capital

150,200

150,200

Revaluation reserve

7

1,350,000

1,350,000

Retained earnings

(379

)

(199

)

SHAREHOLDERS' FUNDS

1,499,821

1,500,001

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 20 November 2020 and were signed on its behalf by:

P F Wagstaff FCA - Director

1.	STATUTORY INFORMATION

Birchwood Marine 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 April 2019

and 31 March 2020

1,500,000

NET BOOK VALUE

At 31 March 2020

1,500,000

At 31 March 2019

1,500,000

Cost or valuation at 31 March 2020 is represented by:

Other

intangible

assets

£

Valuation in 2019

1,350,000

Cost

150,000

1,500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

150

150

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other creditors

400

150

7.

RESERVES

Revaluation

reserve

£

At 1 April 2019

and 31 March 2020

1,350,000