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Company registration number: 6295746
Steve Burke (Rochford) Limited
Filleted financial statements
30 June 2023
Steve Burke (Rochford) Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Steve Burke (Rochford) Limited
Directors and other information
Directors Mr S Burke
Mr D Eisenberger
Company number 6295746
Registered office Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
Business address Barlows Cottage
Ashford Hill
Ashford Hill Road
Thatcham Hampshire
RG19 8BD
Auditor Maynard Heady LLP Chartered Accountants
Matrix House
12 - 16 Lionel Road
Canvey Island
Essex
SS8 9DE
Accountant Andrew Murphy Chartered Accountants
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
Steve Burke (Rochford) Limited
Directors responsibilities statement
Year ended 30 June 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Steve Burke (Rochford) Limited
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 6 36,286 2,083
Cash at bank and in hand 54,367 60,598
_______ _______
90,653 62,681
Creditors: amounts falling due
within one year 7 ( 8,030) ( 7,823)
_______ _______
Net current assets 82,623 54,858
_______ _______
Total assets less current liabilities 82,623 54,858
Provisions for liabilities 8 - 30,548
_______ _______
Net assets 82,623 85,406
_______ _______
Capital and reserves
Called up share capital 375,850 235,000
Profit and loss account ( 293,227) ( 149,594)
_______ _______
Shareholders funds 82,623 85,406
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 October 2023 , and are signed on behalf of the board by:
Mr S Burke
Director
Company registration number: 6295746
Steve Burke (Rochford) Limited
Statement of changes in equity
Year ended 30 June 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 150,000 ( 55,210) 94,790
Loss for the year ( 94,384) ( 94,384)
_______ _______ _______
Total comprehensive income for the year - ( 94,384) ( 94,384)
Issue of shares 85,000 85,000
_______ _______ _______
Total investments by and distributions to owners 85,000 - 85,000
_______ _______ _______
At 30 June 2022 and 1 July 2022 235,000 ( 149,594) 85,406
Loss for the year ( 143,633) ( 143,633)
_______ _______ _______
Total comprehensive income for the year - ( 143,633) ( 143,633)
Issue of shares 140,850 140,850
_______ _______ _______
Total investments by and distributions to owners 140,850 - 140,850
_______ _______ _______
At 30 June 2023 375,850 ( 293,227) 82,623
_______ _______ _______
Steve Burke (Rochford) Limited
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared under going concern basis. Since post year end the company intends cease trading.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tax on loss
Major components of tax expense/income
2023 2022
£ £
Deferred tax:
Origination and reversal of timing differences 30,548 ( 21,872)
_______ _______
Tax on loss 30,548 ( 21,872)
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 7,580 1,262
Other debtors 28,706 821
_______ _______
36,286 2,083
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Social security and other taxes - 1,054
Other creditors 8,030 6,769
_______ _______
8,030 7,823
_______ _______
8. Provisions
Deferred tax (note 9) Total
£ £
At 1 July 2022 ( 30,548) ( 30,548)
Additions 30,548 30,548
_______ _______
At 30 June 2023 - -
_______ _______
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023 2022
£ £
Included in provisions (note 8) - ( 30,548)
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2023 2022
£ £
Unused tax losses - ( 30,548)
_______ _______
10. Summary audit opinion
The auditor's report for the year dated 19 October 2023 was unqualified.
The senior statutory auditor was Stephanie Caten FCA CTA for and on behalf of Maynard Heady LLP Chartered Accountants
11. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr S Burke 411 166 ( 1,732) ( 1,155)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr S Burke - 1,293 ( 1,704) ( 411)
_______ _______ _______ _______
12. Controlling party
The company is wholly owned by the parent company BCRS Global LLC. David Eisenberger is the controlling party of this company. At 30 June 2023 BCRS Global LLC owed the company £24,475.
13. Share Capital
A total of 140,850 ordinary shares were issued. A par value of £1.00 per share. The number of shares issued by date as follows. 29,850 shares were issued on 30 September 2022, a further 35, 000 shares were issued on 31 December 2022. On 31 March 2023 14,000 shares were issued and a further 37,000 shares were issued on 31 May 2023. Finally, on 30 June 2023 25,000 shares were issued.
14. Parent Company
BCRS Global LLC
15. Parent Company Registered Office
3820 Central Avenue Unit #262, Cheyenne, 82001, WY, USA.
16. Post balance sheet
The company intends to cease trading.