Company Registration No. 14245576 (England and Wales)
Beatson Marine Ltd
Unaudited accounts
for the period from 20 July 2022 to 31 July 2023
Beatson Marine Ltd
Unaudited accounts
Contents
Beatson Marine Ltd
Company Information
for the period from 20 July 2022 to 31 July 2023
Company Number
14245576 (England and Wales)
Registered Office
School Master's House
39 College Street
Petersfield
GU31 4AG
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Beatson Marine Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
254,223
Creditors: amounts falling due within one year
(97,059)
Net current assets
157,495
Profit and loss account
157,644
Shareholders' funds
157,645
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2023 and were signed on its behalf by
T Clark
Director
Company Registration No. 14245576
Beatson Marine Ltd
Notes to the Accounts
for the period from 20 July 2022 to 31 July 2023
Beatson Marine Ltd is a private company, limited by shares, registered in England and Wales, registration number 14245576. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Beatson Marine Ltd
Notes to the Accounts
for the period from 20 July 2022 to 31 July 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
97,059
7
Average number of employees
During the period the average number of employees was 0.