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REGISTERED NUMBER: SC257822 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Berwicks Limited

Berwicks Limited (Registered number: SC257822)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Berwicks Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Lt Col G D B Keelan OBE
Mrs S K Keelan
Mr J C Murray
Mr R Youngs





SECRETARY: Mr J C Murray





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC257822 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Berwicks Limited (Registered number: SC257822)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 12,000 15,000
Tangible assets 5 7,322 9,476
Investments 6 100,000 100,000
119,322 124,476

CURRENT ASSETS
Debtors 7 382,194 328,956
Cash at bank - 119,336
382,194 448,292
CREDITORS
Amounts falling due within one year 8 641,867 492,646
NET CURRENT LIABILITIES (259,673 ) (44,354 )
TOTAL ASSETS LESS CURRENT LIABILITIES (140,351 ) 80,122

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings (141,351 ) 79,122
SHAREHOLDERS' FUNDS (140,351 ) 80,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr J C Murray - Director


Berwicks Limited (Registered number: SC257822)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Berwicks Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the continuing support of the creditors.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided based on the stage of completion of the contract activity at the balance sheet date.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Computer equipment - 25% on reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Berwicks Limited (Registered number: SC257822)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 November 2022
and 31 October 2023 30,000
AMORTISATION
At 1 November 2022 15,000
Amortisation for year 3,000
At 31 October 2023 18,000
NET BOOK VALUE
At 31 October 2023 12,000
At 31 October 2022 15,000

Berwicks Limited (Registered number: SC257822)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 November 2022 945 37,298 38,243
Additions - 286 286
At 31 October 2023 945 37,584 38,529
DEPRECIATION
At 1 November 2022 413 28,354 28,767
Charge for year 133 2,307 2,440
At 31 October 2023 546 30,661 31,207
NET BOOK VALUE
At 31 October 2023 399 6,923 7,322
At 31 October 2022 532 8,944 9,476

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 November 2022
and 31 October 2023 100,000
NET BOOK VALUE
At 31 October 2023 100,000
At 31 October 2022 100,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Martello Risk Limited
Registered office:
Nature of business: Business services
%
Class of shares: holding
Ordinary 51.00
31.10.23 31.10.22
£ £
Aggregate capital and reserves (163,885 ) (125,013 )
(Loss)/profit for the year (38,872 ) 101,032

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Trade debtors 256,552 239,758
Other debtors 125,642 89,198
382,194 328,956

Berwicks Limited (Registered number: SC257822)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Bank loans and overdrafts 46,265 -
Trade creditors 540,449 471,566
Taxation and social security 18,583 10,320
Other creditors 36,570 10,760
641,867 492,646

9. DEFERRED TAX
£
Balance at 1 November 2022 (34,939 )
Provided during year (41,445 )
Balance at 31 October 2023 (76,384 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £ £
1,000 Ordinary £1 1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the 31 October 2023 the directors owed the company nil (2022: the company owed directors £1,844).

12. RELATED PARTY DISCLOSURES





Related Party




Transaction type




Transaction in the period ended
Balance
receivable/
(payable)
related party
at31.10.23
Balance
receivable/
(payable)
related party
at31.10.22
£ £ £

(1) Company A Investment nil 100,000 100,000
Loan nil (2022: nil) 27,981 27,981
Interest 2,514 (2022:2,514) 15,481 12,968

(2) Company B Consultancy fees 413,663 (2022:403,918) (382,132) (307,145)
Sales nil (2022:7,508 ) 521 521

(1) Berwicks Limited is the parent of Company B.
(2) A company under common control.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J C Murray.