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Registration number: 05951328

Brian Humber Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 October 2021 to 30 June 2022

 

Brian Humber Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Brian Humber Limited

(Registration number: 05951328)
Balance Sheet as at 30 June 2022

Note

2022
£

2021
£

Current assets

 

Stocks

5

-

11,098

Debtors

6

27,448

13,371

Cash at bank and in hand

 

67,202

30,536

 

94,650

55,005

Creditors: Amounts falling due within one year

7

(48,695)

(4,440)

Total assets less current liabilities

 

45,955

50,565

Creditors: Amounts falling due after more than one year

7

-

(36,938)

Net assets

 

45,955

13,627

Capital and reserves

 

Called up share capital

2

2

Retained earnings

45,953

13,625

Shareholders' funds

 

45,955

13,627

For the financial period ending 30 June 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 August 2022 and signed on its behalf by:
 

.........................................
B Humber
Director

 

Brian Humber Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 30 June 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the servicing of industrial lifting manipulators for customers in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Office equipment

25% straight line basis

 

Brian Humber Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 30 June 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for the servicing of industrial lifting manipulators performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2021 - 2).

 

Brian Humber Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 30 June 2022

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2021

1,020

1,020

At 30 June 2022

1,020

1,020

Depreciation

At 1 October 2021

1,020

1,020

At 30 June 2022

1,020

1,020

Carrying amount

At 30 June 2022

-

-

5

Stocks

2022
£

2021
£

Other inventories

-

11,098

6

Debtors

Current

2022
£

2021
£

Trade debtors

21,367

13,371

Other debtors

6,081

-

 

27,448

13,371

 

Brian Humber Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 30 June 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

11,242

4,440

Other creditors

37,453

-

48,695

4,440

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

-

36,938

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Other borrowings

-

36,938

9

Related party transactions

Other transactions with directors

During the year, B Humber (director) had a loan with the company. At the balance sheet date the amount due
to B Humber was £37,126 (2021: £36,938).