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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
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British Marine Federation South West |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
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FOR |
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British Marine Federation South West |
British Marine Federation South West (Registered number: 05203436) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2022 |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 5 |
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British Marine Federation South West |
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COMPANY INFORMATION |
for the year ended 30 June 2022 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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129 North Hill |
Plymouth |
Devon |
PL4 8JY |
British Marine Federation South West (Registered number: 05203436) |
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BALANCE SHEET |
30 June 2022 |
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2022 | 2021 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Reserves |
Retained earnings |
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British Marine Federation South West (Registered number: 05203436) |
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BALANCE SHEET - continued |
30 June 2022 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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British Marine Federation South West (Registered number: 05203436) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2022 |
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1. | STATUTORY INFORMATION |
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British Marine Federation South West is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
This represents contributions due for the year from the British Marine Federation towards administrative expenses. These subsidies are paid in advance on a six monthly basis, based on the National Federation year end of 30th June. Subsidies are recognised in the accounting period they are intended to fund, which is not necessarily the same period in which they are received. Also included in income are any monies towards sponsorship of the annual general meeting costs. Sponsorship monies are recognised upon receipt. |
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Tangible fixed assets |
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Exhibition trailer | - |
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Nautical routes project expenses |
This is a co-funded Coastal Community Fund project. The initial work was gathering base data from marinas / harbours, which incurred no direct financial outlay at that point. In the year to 30/06/2022 the Board commenced the delivery phase, which began to incur costs but the project was put on hold due to the pandemic. In order to help deliver this project effectively, expenditure in the year to 30/06/22 was kept to a minimum thereby increasing reserves to ensure that adequate financial resources were available in the future once COVID-19 restrictions were lifted. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
British Marine Federation South West (Registered number: 05203436) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2022 |
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4. | TANGIBLE FIXED ASSETS |
Exhibition |
trailer |
£ |
Cost |
At 1 July 2021 |
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Disposals | ( |
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At 30 June 2022 |
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Depreciation |
At 1 July 2021 |
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Eliminated on disposal | ( |
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At 30 June 2022 |
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Net book value |
At 30 June 2022 |
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At 30 June 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company was owed the following amounts from related parties: |
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British Marine Federation Limited Loan £6,848 |