Registered number
01443860
Bureau Maritime Limited
Unaudited Filleted Accounts
31 August 2024
Bureau Maritime Limited
Registered number: 01443860
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 125 375
Current assets
Debtors 4 112,572 107,638
Cash at bank and in hand 52,387 35,626
164,959 143,264
Creditors: amounts falling due within one year 5 (47,084) (25,639)
Net current assets 117,875 117,625
Net assets 118,000 118,000
Capital and reserves
Called up share capital 100 100
Profit and loss account 117,900 117,900
Shareholders' funds 118,000 118,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Farthing
Director
Approved by the board on 29 April 2025
Bureau Maritime Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
IT Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc IT Equipment Total
£ £ £
Cost
At 1 September 2023 5,520 3,988 9,508
At 31 August 2024 5,520 3,988 9,508
Depreciation
At 1 September 2023 5,520 3,613 9,133
Charge for the year - 250 250
At 31 August 2024 5,520 3,863 9,383
Net book value
At 31 August 2024 - 125 125
At 31 August 2023 - 375 375
4 Debtors 2024 2023
£ £
Trade debtors 92,488 82,311
Amounts owed by group undertakings and undertakings in which the company has a participating interest 19,304 24,547
Other debtors 780 780
112,572 107,638
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,043 8,430
Taxation and social security costs 34,984 17,152
Other creditors 57 57
47,084 25,639
6 Other information
Bureau Maritime Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Newby Stables
Newby Hall
Ripon
North Yorkshire
HG4 5AE
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