BUZZARD SHIPPING LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05973041 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

BUZZARD SHIPPING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Burley

SECRETARY:

R J Burley

REGISTERED OFFICE:

St Mary’S Court

The Broadway

Old Amersham

Buckinghamshire

HP7 0UT

REGISTERED NUMBER:

05973041 (England and Wales)

ACCOUNTANTS:

Cansdales Business Advisers Limited

St Marys Court

The Broadway

Old Amersham

Buckinghamshire

HP7 0UT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,097

6,756

3,097

6,756

CURRENT ASSETS

Debtors

6

335,204

214,545

Cash at bank and in hand

212,522

294,007

547,726

508,552

CREDITORS

Amounts falling due within one year

7

(53,319

)

(67,482

)

NET CURRENT ASSETS

494,407

441,070

TOTAL ASSETS LESS CURRENT LIABILITIES

497,504

447,826

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

497,404

447,726

SHAREHOLDERS' FUNDS

497,504

447,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 December 2023 and were signed by:

C Burley - Director

1.	STATUTORY INFORMATION

BUZZARD 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.

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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

20,000

AMORTISATION

At 1 April 2022

and 31 March 2023

20,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

4,174

25,494

29,668

Additions

-

1,160

1,160

At 31 March 2023

4,174

26,654

30,828

DEPRECIATION

At 1 April 2022

3,820

19,092

22,912

Charge for year

89

4,730

4,819

At 31 March 2023

3,909

23,822

27,731

NET BOOK VALUE

At 31 March 2023

265

2,832

3,097

At 31 March 2022

354

6,402

6,756

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

334,374

213,922

Pension

-

33

VAT

663

590

Prepayments

167

-

335,204

214,545

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

8,893

20,657

Corporation tax

36,668

28,062

Social security and other tax

514

358

Other creditors

128

653

Directors' current accounts

1,806

14,502

Accrued expenses

5,310

3,250

53,319

67,482