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COMPANY REGISTRATION NUMBER: 03931632
Brassknocker Enterprises Limited
Filleted Unaudited Financial Statements
31 March 2022
Brassknocker Enterprises Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
£
Fixed assets
Tangible assets
5
4,603
1,919
Current assets
Debtors
6
32,245
31,878
Cash at bank and in hand
95,303
172,216
---------
---------
127,548
204,094
Creditors: amounts falling due within one year
7
11,950
18,638
---------
---------
Net current assets
115,598
185,456
---------
---------
Total assets less current liabilities
120,201
187,375
---------
---------
Net assets
120,201
187,375
---------
---------
Brassknocker Enterprises Limited
Statement of Financial Position (continued)
31 March 2022
2022
2021
Note
£
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
120,199
187,373
---------
---------
Shareholders funds
120,201
187,375
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 July 2022 , and are signed on behalf of the board by:
Mr N J Hutton
Director
Company registration number: 03931632
Brassknocker Enterprises Limited
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Primrose Hill Farm, Mowthorpe Lane, Terrington, York, YO60 6QF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2021: 4 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2021
9,305
9,305
Additions
4,217
4,217
--------
--------
At 31 March 2022
13,522
13,522
--------
--------
Depreciation
At 1 April 2021
7,386
7,386
Charge for the year
1,533
1,533
--------
--------
At 31 March 2022
8,919
8,919
--------
--------
Carrying amount
At 31 March 2022
4,603
4,603
--------
--------
At 31 March 2021
1,919
1,919
--------
--------
6. Debtors
2022
2021
£
£
Trade debtors
16,500
19,335
Other debtors
15,745
12,543
--------
--------
32,245
31,878
--------
--------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Social security and other taxes
2,590
13,766
Other creditors
9,360
4,872
--------
--------
11,950
18,638
--------
--------