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REGISTERED NUMBER: 08392298 (England and Wales)















Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Berkfield Ltd

Berkfield Ltd (Registered number: 08392298)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Berkfield Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R Agravat
S J Agravat





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 08392298 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Berkfield Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Berkfield Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Berkfield Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berkfield Ltd and state those matters that we have agreed to state to the Board of Directors of Berkfield Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berkfield Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Berkfield Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Berkfield Ltd. You consider that Berkfield Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Berkfield Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


31 October 2024

Berkfield Ltd (Registered number: 08392298)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,695 1,166
Investments 5 14,669 7,658
16,364 8,824

CURRENT ASSETS
Stocks - 9,134
Debtors 6 131,507 19,847
Cash at bank 131,822 128,293
263,329 157,274
CREDITORS
Amounts falling due within one year 7 292,206 96,329
NET CURRENT (LIABILITIES)/ASSETS (28,877 ) 60,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,513

)

69,769

CREDITORS
Amounts falling due after more than
one year

8

(14,826

)

(24,956

)

PROVISIONS FOR LIABILITIES (424 ) (292 )
NET (LIABILITIES)/ASSETS (27,763 ) 44,521

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 4,092 -
Retained earnings 10 (31,955 ) 44,421
SHAREHOLDERS' FUNDS (27,763 ) 44,521

Berkfield Ltd (Registered number: 08392298)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





R Agravat - Director


Berkfield Ltd (Registered number: 08392298)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Berkfield Ltd 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services provided and work done ,excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Turnover in relation to furniture sales is included net of value added tax and is recognised in full upon delivery.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated 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 stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Berkfield Ltd (Registered number: 08392298)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 3,444 5,148 8,592
Additions - 1,166 1,166
Disposals (2,580 ) (1,079 ) (3,659 )
At 29 February 2024 864 5,235 6,099
DEPRECIATION
At 1 March 2023 3,018 4,408 7,426
Charge for year 142 495 637
Eliminated on disposal (2,580 ) (1,079 ) (3,659 )
At 29 February 2024 580 3,824 4,404
NET BOOK VALUE
At 29 February 2024 284 1,411 1,695
At 28 February 2023 426 740 1,166

Berkfield Ltd (Registered number: 08392298)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 7,658
Revaluations 7,011
At 29 February 2024 14,669
NET BOOK VALUE
At 29 February 2024 14,669
At 28 February 2023 7,658

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2020 914
Valuation in 2021 1,623
Valuation in 2022 (3,058 )
Valuation in 2023 (2,398 )
Valuation in 2024 7,011
Cost 10,577
14,669

If fixed asset investments had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 10,577 10,577

Fixed asset investments were valued on an open market basis on 29 February 2024 by the directors .

Berkfield Ltd (Registered number: 08392298)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 121,686 1,597
Other trade debtors - 1,500
Other debtors 9,629 13,822
Taxation and social security 192 463
VAT - 1,352
Prepayments - 1,113
131,507 19,847

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,130 9,903
Trade creditors 325 492
Corporation tax 1,311 18,982
VAT 15,694 -
Other creditors 261,753 60,994
Directors' current accounts 2,993 5,958
292,206 96,329

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,422 10,130
Bank loans - 2-5 years 4,404 14,826
14,826 24,956

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1.00 100 100

Berkfield Ltd (Registered number: 08392298)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 44,421 - 44,421
Profit for the year 12,683 12,683
Dividends (84,967 ) (84,967 )
Reserve transfer (4,092 ) 4,092 -
At 29 February 2024 (31,955 ) 4,092 (27,863 )

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments,guarantees and contingencies which are not included in the balance sheet amount to £12,010 (2023 £7,875).

12. ILLEGAL DIVIDENDS

During the year, under Section 830 of the Companies Act 2006 excess dividends were paid inadvertently. The directors do not intend to take any further dividends until reserves are adequate for them to do so.