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Registration number: 08893413

Andrew Brind Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2022

 

Andrew Brind Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 10

 

Andrew Brind Ltd

Company Information

Directors

Andrew Brind

Mrs Lorraine Brind

Company secretary

Andrew Brind

Registered office

60 Gladstone Street
Acomb
York
North Yorkshire
YO24 4NG

Accountants

Minford Chartered Accountants
Moyola House
31 Hawthorne Grove
York
North Yorkshire
YO31 7YA

 

Andrew Brind Ltd

Directors' Report for the Year Ended 28 February 2022

The directors present their report and the financial statements for the year ended 28 February 2022.

Directors of the company

The directors who held office during the year were as follows:

Andrew Brind - Company secretary and director

Mrs Lorraine Brind

Principal activity

The principal activity of the company is manufacture of metal structures and parts of structures.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 14 September 2022 and signed on its behalf by:
 

.........................................
Andrew Brind
Company secretary and director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Andrew Brind Ltd
for the Year Ended 28 February 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Andrew Brind Ltd for the year ended 28 February 2022 as set out on pages 4 to 10 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Andrew Brind Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Andrew Brind Ltd and state those matters that we have agreed to state to the Board of Directors of Andrew Brind Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andrew Brind Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Andrew Brind Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Andrew Brind Ltd. You consider that Andrew Brind 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 accounts of Andrew Brind 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 accounts.

......................................

Minford Chartered Accountants
Moyola House
31 Hawthorne Grove
York
North Yorkshire
YO31 7YA

14 September 2022

 

Andrew Brind Ltd

(Registration number: 08893413)
Balance Sheet as at 28 February 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

25,224

32,983

Current assets

 

Stocks

5

24,022

10,000

Debtors

6

19,865

2,360

Cash at bank and in hand

 

5,687

11,629

 

49,574

23,989

Creditors: Amounts falling due within one year

7

(34,007)

(15,894)

Net current assets

 

15,567

8,095

Total assets less current liabilities

 

40,791

41,078

Creditors: Amounts falling due after more than one year

7

(37,390)

(40,000)

Net assets

 

3,401

1,078

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

3,301

978

Shareholders' funds

 

3,401

1,078

For the financial year ending 28 February 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 year 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 14 September 2022 and signed on its behalf by:
 

.........................................
Andrew Brind
Company secretary and director

 

Andrew Brind Ltd

Statement of Changes in Equity for the Year Ended 28 February 2022

Share capital
£

Retained earnings
£

Total
£

At 1 March 2021

100

978

1,078

Profit for the year

-

6,323

6,323

Dividends

-

(4,000)

(4,000)

At 28 February 2022

100

3,301

3,401

Share capital
£

Retained earnings
£

Total
£

At 1 March 2020

100

2,903

3,003

Loss for the year

-

(1,925)

(1,925)

At 28 February 2021

100

978

1,078

 

Andrew Brind Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

1

General information

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

The address of its registered office is:
60 Gladstone Street
Acomb
York
North Yorkshire
YO24 4NG

These financial statements were authorised for issue by the Board on 14 September 2022.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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.

 

Andrew Brind Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

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

20% straight line

Motor vehicles

25% straight line

Fixtures and fittings

20% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Andrew Brind Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2021 - 4).

 

Andrew Brind Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2021

3,093

9,940

29,045

42,078

Additions

1,079

-

1,200

2,279

At 28 February 2022

4,172

9,940

30,245

44,357

Depreciation

At 1 March 2021

1,533

3,458

4,104

9,095

Charge for the year

628

1,849

7,561

10,038

At 28 February 2022

2,161

5,307

11,665

19,133

Carrying amount

At 28 February 2022

2,011

4,633

18,580

25,224

At 28 February 2021

1,560

6,482

24,941

32,983

5

Stocks

2022
£

2021
£

Work in progress

9,022

-

Other inventories

15,000

10,000

24,022

10,000

6

Debtors

Current

2022
£

2021
£

Trade debtors

18,692

2,360

Other debtors

1,173

-

 

19,865

2,360

 

Andrew Brind Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

9,192

-

Taxation and social security

19,266

9,094

Accruals and deferred income

2,184

1,820

Other creditors

3,365

4,980

34,007

15,894

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

9

37,390

40,000

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Share capital of £1 each

100

100

100

100

         

9

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Other borrowings

37,390

40,000