The Blackwater Barge Company Limited - Accounts to registrar - small 17.2

The Blackwater Barge Company Limited - Accounts to registrar - small 17.2

THE BLACKWATER BARGE COMPANY LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.0.336 02691215 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure026912152016-03-31026912152017-03-31026912152016-04-012017-03-31026912152015-02-28026912152015-03-012016-03-31026912152016-03-3102691215ns15:EnglandWales2016-04-012017-03-3102691215ns14:PoundSterling2016-04-012017-03-3102691215ns10:Director12016-04-012017-03-3102691215ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3102691215ns10:SmallEntities2016-04-012017-03-3102691215ns10:AuditExemptWithAccountantsReport2016-04-012017-03-3102691215ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3102691215ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3102691215ns10:FullAccounts2016-04-012017-03-3102691215ns10:Director22016-04-012017-03-3102691215ns10:CompanySecretary12016-04-012017-03-3102691215ns10:RegisteredOffice2016-04-012017-03-3102691215ns5:CurrentFinancialInstruments2017-03-3102691215ns5:CurrentFinancialInstruments2016-03-3102691215ns5:Non-currentFinancialInstruments2017-03-3102691215ns5:Non-currentFinancialInstruments2016-03-3102691215ns5:ShareCapital2017-03-3102691215ns5:ShareCapital2016-03-3102691215ns5:RevaluationReserve2017-03-3102691215ns5:RevaluationReserve2016-03-3102691215ns5:RetainedEarningsAccumulatedLosses2017-03-3102691215ns5:RetainedEarningsAccumulatedLosses2016-03-3102691215ns5:PlantMachinery2016-04-012017-03-3102691215ns5:PlantMachinery2016-03-3102691215ns5:PlantMachinery2017-03-3102691215ns5:PlantMachinery2016-03-3102691215ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3102691215ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3102691215ns5:RevaluationReserve2016-03-31


REGISTERED NUMBER: 02691215 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

The Blackwater Barge Company Limited

The Blackwater Barge Company Limited (Registered number: 02691215)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

The Blackwater Barge Company Limited

Company Information
for the Year Ended 31 March 2017







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 Limited
Chartered Certified Accountants
2 High Street
Burnham on Crouch
Essex
CM0 8AA
Page 1
The Blackwater Barge Company Limited (Registered number: 02691215)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,385 106,704

CURRENT ASSETS
Debtors 5 3,626 8,270
Cash at bank 29,690 12,043
33,316 20,313
CREDITORS
Amounts falling due within one year 6 7,720 3,595
NET CURRENT ASSETS 25,596 16,718
TOTAL ASSETS LESS CURRENT
LIABILITIES
121,981
123,422

CREDITORS
Amounts falling due after more than one
year
7
21,500
21,500
NET ASSETS 100,481 101,922

CAPITAL AND RESERVES
Called up share capital 5 5
Revaluation reserve 8 106,497 115,607
Retained earnings (6,021 ) (13,690 )
SHAREHOLDERS' FUNDS 100,481 101,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

Page 2 continued...
The Blackwater Barge Company Limited (Registered number: 02691215)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 August 2017 and were signed on its behalf by:





P A Jeffries - Director


The notes form part of these financial statements

Page 3
The Blackwater Barge Company Limited (Registered number: 02691215)

Notes to the Financial Statements
for the Year Ended 31 March 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with
FRS 102 Section 1A small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting
policies to those used previously. The nature and impact of these changes, if applicable, are set out below.

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 5 .

Page 4 continued...
The Blackwater Barge Company Limited (Registered number: 02691215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2016
and 31 March 2017 259,016
DEPRECIATION
At 1 April 2016 152,312
Charge for year 10,319
At 31 March 2017 162,631
NET BOOK VALUE
At 31 March 2017 96,385
At 31 March 2016 106,704

Cost or valuation at 31 March 2017 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:

31.3.17 31.3.16
£    £   
Cost 64,895 64,895
Aggregate depreciation 64,032 63,582

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
31.3.17 31.3.16
£    £   
Trade debtors - 4,649
Other debtors 3,626 3,621
3,626 8,270

Page 5 continued...
The Blackwater Barge Company Limited (Registered number: 02691215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 1,686 1,561
Taxation and social security 3,871 287
Other creditors 2,163 1,747
7,720 3,595

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Other creditors 21,500 21,500

8. RESERVES
Revaluation
reserve
£   
At 1 April 2016 115,607
Tfr from Revaluation reserve (9,110 )

At 31 March 2017 106,497

9. RELATED PARTY DISCLOSURES

During the course of the year the company purchased goods and services from its following associated
companies:

Topsail Charters Limited - £4,049 (2016 £506)
Blackwater Catering Limited - £14,239 (2016 £14,634)

At the balance sheet date the following amounts were owed by the company to its associated companies:

Topsail Charters Limited - £859 (2016 £280)
Blackwater Catering Limited - £Nil (2016 £544)

During the course of the year the company received charter fees amounting to £142,756 (2016 £133,736) from
its associated company, Topsail Charters Limited. The company was owed £Nil (2016 £4,649) at the balance
sheet date by its associated company, Topsail Charters Limited.

10. ULTIMATE CONTROLLING PARTY

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

11. FINANCIAL IMPACT OF TRANSITION TO FRS 102 SECTION 1A

Following the transition to FRS 102 Section 1A there have been no adjustments made to the prior year
comparatives.

Page 6
Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Blackwater Barge Company Limited

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of The Blackwater Barge Company Limited for the year ended 31 March 2017 which comprise the
Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Blackwater Barge Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Blackwater Barge Company Limited and state those matters that we have agreed to state to the Board of Directors of The Blackwater Barge Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Blackwater Barge Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Blackwater Barge Company Limited. You consider that The Blackwater Barge Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Blackwater Barge Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Harvey Smith & Co Limited
Chartered Certified Accountants
2 High Street
Burnham on Crouch
Essex
CM0 8AA


24 August 2017

This page does not form part of the statutory financial statements

Page 7