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

REGISTERED NUMBER: 05748769 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BROADLAND MARINE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G S Travis

Mr W S Farnell FCCA

REGISTERED OFFICE:

Evolution House

Iceni Court

Delft Way

Norwich

Norfolk

NR6 6BB

REGISTERED NUMBER:

05748769 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

CALLED UP SHARE CAPITAL NOT PAID

500

500

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

471

-

471

-

CURRENT ASSETS

Debtors

6

2,345

829

Cash at bank

9,218

6,196

11,563

7,025

CREDITORS

Amounts falling due within one year

7

11,944

7,024

NET CURRENT (LIABILITIES)/ASSETS

(381

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

590

501

PROVISIONS FOR LIABILITIES

90

-

NET ASSETS

500

501

CAPITAL AND RESERVES

Called up share capital

8

500

500

Retained earnings

-

1

SHAREHOLDERS' FUNDS

500

501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 21 June 2022 and were signed on its behalf by:

Mr W S Farnell FCCA - Director

1.	STATUTORY INFORMATION

Broadland 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

Revenue 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.

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2020 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2021

and 31 December 2021

18,500

AMORTISATION

At 1 January 2021

and 31 December 2021

18,500

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 January 2021

168

Additions

499

At 31 December 2021

667

DEPRECIATION

At 1 January 2021

168

Charge for year

28

At 31 December 2021

196

NET BOOK VALUE

At 31 December 2021

471

At 31 December 2020

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Directors' current accounts

1,836

709

Tax

367

-

Prepayments

142

120

2,345

829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

11

179

Client accounts

2,050

2,701

Corporation tax

3,233

2,120

Social security and other taxes

223

109

VAT

6,427

1,915

11,944

7,024

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2021

2020

value:

£

£

500

Share capital 1

£1

500

500

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021

2020

£

£

Mr G S Travis

Balance outstanding at start of year

709

2,681

Amounts advanced

18,133

16,547

Amounts repaid

(17,006

)

(18,519

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,836

709

The loan to Mr G Travis was repaid on 16 January 2022 in full.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,140 (2020 - £8,763) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G S Travis.