Broadseas Management Company Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02583723 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

Broadseas Management Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E L Home

P Round

SECRETARY:

K M Cope

REGISTERED OFFICE:

The Woodlands

4 Hallcourt Crescent

Cannock

Staffordshire

WS11 0AB

REGISTERED NUMBER:

02583723 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

CURRENT ASSETS

Debtors

3

767

866

Cash at bank and in hand

16,076

14,167

16,843

15,033

CREDITORS

Amounts falling due within one year

4

1,163

731

NET CURRENT ASSETS

15,680

14,302

TOTAL ASSETS LESS CURRENT LIABILITIES

15,680

14,302

CAPITAL AND RESERVES

Called up share capital

5

17

13

Retained earnings

15,663

14,289

SHAREHOLDERS' FUNDS

15,680

14,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 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 1 August 2018 and were signed on its behalf by:

E L Home - Director

1.	STATUTORY INFORMATION

Broadseas Management 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.

Turnover

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

value added tax and other sales taxes.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

767

866

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

598

168

Accruals and deferred income

565

563

1,163

731

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.18

28.2.17

value:

£

£

17

Ordinary

£1

17

13

4 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

6.	RELATED PARTY DISCLOSURES

E L Home ( a director) and K M Cope (the company secretary) are directors of Andrew Dixon & Company

Limited, the managing agents. Management charges are made on a normal commercial basis by Andrew Dixon

& Company to the company.