0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 09866748 2022-04-01 2023-03-31 09866748 2023-03-31 09866748 2022-03-31 09866748 2021-04-01 2022-03-31 09866748 2022-03-31 09866748 2021-03-31 09866748 bus:RegisteredOffice 2022-04-01 2023-03-31 09866748 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 09866748 bus:Director1 2022-04-01 2023-03-31 09866748 core:AfterOneYear 2022-03-31 09866748 core:WithinOneYear 2023-03-31 09866748 core:WithinOneYear 2022-03-31 09866748 core:ShareCapital 2023-03-31 09866748 core:ShareCapital 2022-03-31 09866748 core:RetainedEarningsAccumulatedLosses 2023-03-31 09866748 core:RetainedEarningsAccumulatedLosses 2022-03-31 09866748 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 09866748 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 09866748 core:Non-currentFinancialInstruments 2023-03-31 09866748 bus:SmallEntities 2022-04-01 2023-03-31 09866748 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09866748 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09866748 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09866748 bus:FullAccounts 2022-04-01 2023-03-31 09866748 core:Subsidiary1 2022-04-01 2023-03-31 09866748 1 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 09866748
Broadwing Felixstowe Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2023
Broadwing Felixstowe Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Broadwing Felixstowe Limited
Officers and Professional Advisers
DIRECTOR
Mr I Ezekiel
REGISTERED OFFICE
ECEN Suite 43
Enterprise Centre
Warth Park
Michael Way
Raunds
NN9 6GR
ACCOUNTANTS
Streets
Chartered accountants
Enterprise House
38 Tyndall Court
Commerce Road
Lynch Wood
Peterborough
Cambs
PE2 6LR
Broadwing Felixstowe Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
100
Current assets
Stocks
948,713
Debtors
5
99,525
33,500
Cash at bank and in hand
23,878
38,950
---------
------------
123,403
1,021,163
Creditors: amounts falling due within one year
6
375,836
203,746
---------
------------
Net current (liabilities)/assets
( 252,433)
817,417
---------
---------
Total assets less current liabilities
( 252,333)
817,417
Creditors: amounts falling due after more than one year
7
1,066,000
---------
------------
Net liabilities
( 252,333)
( 248,583)
---------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 253,333)
( 249,583)
---------
---------
Shareholders deficit
( 252,333)
( 248,583)
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Broadwing Felixstowe Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 29 March 2024 , and are signed on behalf of the board by:
Mr I Ezekiel
Director
Company registration number: 09866748
Broadwing Felixstowe Limited
Notes to the Financial Statements
Year ended 31 March 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 ECEN Suite 43, Enterprise Centre, Warth Park, Michael Way, Raunds, NN9 6GR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022
Additions
100
----
At 31 March 2023
100
----
Impairment
At 1 April 2022 and 31 March 2023
----
Carrying amount
At 31 March 2023
100
----
At 31 March 2022
----
5. Debtors
2023
2022
£
£
Other debtors
99,525
33,500
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
375,836
203,746
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,066,000
----
------------
8. Related party transactions
During the year the company transferred the trade and stock to its subsidiary company, Broadwing Felixstowe (Leasehold) Limited. The trade and stock was transferred at cost value of £948,713.
9. Controlling party
The company was controlled by the directors throughout the year.