Berkfield Ltd - Accounts to registrar (filleted) - small 23.2.5
Berkfield Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended |
| 28 February 2023 |
| for |
| Berkfield Ltd |
| Berkfield Ltd (Registered number: 08392298) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2023 |
| 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 28 February 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 28 February 2023 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. |
| Chartered Accountants |
| Charnwood House |
| Harcourt Way |
| Meridian Business Park |
| Leicester |
| Leicestershire |
| LE19 1WP |
| Berkfield Ltd (Registered number: 08392298) |
| Balance Sheet |
| 28 February 2023 |
| 28.2.23 | 28.2.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Berkfield Ltd (Registered number: 08392298) |
| Balance Sheet - continued |
| 28 February 2023 |
| 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. |
| 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 |
| Berkfield Ltd (Registered number: 08392298) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2023 |
| 1. | STATUTORY INFORMATION |
| Berkfield Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 28 February 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2022 |
| and 28 February 2023 |
| DEPRECIATION |
| At 1 March 2022 |
| Charge for year |
| At 28 February 2023 |
| NET BOOK VALUE |
| At 28 February 2023 |
| At 28 February 2022 |
| Berkfield Ltd (Registered number: 08392298) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 March 2022 |
| Revaluations | ( |
) |
| At 28 February 2023 |
| NET BOOK VALUE |
| At 28 February 2023 |
| At 28 February 2022 |
| Cost or valuation at 28 February 2023 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2020 | 914 |
| Valuation in 2021 | 1,623 |
| Valuation in 2022 | (3,058 | ) |
| Valuation in 2023 | (2,398 | ) |
| Cost | 10,577 |
| 7,658 |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Cost | 10,577 | 10,577 |
| Fixed asset investments were valued on an open market basis on 28 February 2023 by the directors . |
| Berkfield Ltd (Registered number: 08392298) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Trade debtors |
| Other trade debtors | 1,500 | 1,500 |
| Other debtors |
| Taxation and social security | 463 | - |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Bank loans and overdrafts |
| Corporation tax |
| Other creditors |
| Directors' current accounts | 5,958 | 564 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.23 | 28.2.22 |
| value: | £ | £ |
| Ordinary | £1.00 | 100 | 100 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| Total financial commitments,guarantees and contingencies which are not included in the balance sheet amount to £7,875 (2022 £21,375). |