Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01falseNo description of principal activity33truetrue 03128649 2021-01-01 2021-12-31 03128649 2020-01-01 2020-12-31 03128649 2021-12-31 03128649 2020-12-31 03128649 c:Director1 2021-01-01 2021-12-31 03128649 d:PlantMachinery 2021-01-01 2021-12-31 03128649 d:PlantMachinery 2021-12-31 03128649 d:PlantMachinery 2020-12-31 03128649 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03128649 d:CurrentFinancialInstruments 2021-12-31 03128649 d:CurrentFinancialInstruments 2020-12-31 03128649 d:Non-currentFinancialInstruments 2021-12-31 03128649 d:Non-currentFinancialInstruments 2020-12-31 03128649 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03128649 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 03128649 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 03128649 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 03128649 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 03128649 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 03128649 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 03128649 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-12-31 03128649 d:ShareCapital 2021-12-31 03128649 d:ShareCapital 2020-12-31 03128649 d:RetainedEarningsAccumulatedLosses 2021-12-31 03128649 d:RetainedEarningsAccumulatedLosses 2020-12-31 03128649 c:FRS102 2021-01-01 2021-12-31 03128649 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 03128649 c:FullAccounts 2021-01-01 2021-12-31 03128649 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03128649 d:WithinOneYear 2021-12-31 03128649 d:WithinOneYear 2020-12-31 03128649 d:BetweenOneFiveYears 2021-12-31 03128649 d:BetweenOneFiveYears 2020-12-31 03128649 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 03128649










ANGLIAN BRICKWORK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
ANGLIAN BRICKWORK LIMITED
REGISTERED NUMBER: 03128649

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,247
2,723

  
3,247
2,723

Current assets
  

Stocks
  
144,410
114,591

Debtors: amounts falling due within one year
 5 
579,907
449,557

Cash at bank and in hand
 6 
-
218,117

  
724,317
782,265

Creditors: amounts falling due within one year
 7 
(313,157)
(282,278)

Net current assets
  
 
 
411,160
 
 
499,987

Total assets less current liabilities
  
414,407
502,710

Creditors: amounts falling due after more than one year
 8 
(197,039)
(229,280)

  

Net assets
  
217,368
273,430


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
217,366
273,428

  
217,368
273,430


Page 1

 
ANGLIAN BRICKWORK LIMITED
REGISTERED NUMBER: 03128649

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2022.




I S Wilson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Anglian Brickwork Limited is a limited company incorporated in England and Wales.
The company's registered office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance, 10% & 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

Page 5

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2021
86,261


Additions
1,113



At 31 December 2021

87,374



Depreciation


At 1 January 2021
83,538


Charge for the year on owned assets
589



At 31 December 2021

84,127



Net book value



At 31 December 2021
3,247



At 31 December 2020
2,723


5.


Debtors

2021
2020
£
£


Trade debtors
486,048
390,785

Other debtors
86,863
51,299

Prepayments and accrued income
6,996
7,473

579,907
449,557



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
-
218,117

Less: bank overdrafts
(11,483)
-

(11,483)
218,117


Page 6

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
11,483
-

Bank loans
32,221
22,098

Trade creditors
239,973
70,382

Corporation tax
8,797
6,362

Other taxation and social security
19,564
182,329

Other creditors
943
931

Accruals and deferred income
176
176

313,157
282,278


The following liabilities were secured:

2021
2020
£
£



Bank loans
32,221
22,098

32,221
22,098

Details of security provided:

The Natwest bank loan drawn down on 29/07/16 is secured by way of debenture in the form of a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery which has been satisfied in year.

Page 7

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
197,039
229,280

197,039
229,280


The following liabilities were secured:

2021
2020
£
£



Bank loans
197,039
229,280

197,039
229,280

Details of security provided:

The Natwest bank loan drawn down on 29/07/16 is secured by way of debenture in the form of a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery which has been satisfied in year.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2021
2020
£
£


Repayable by instalments
74,253
97,444

74,253
97,444

The bank loan is repayable by monthly instalments over 5 years. Interest on the loans is charge at 4% above Natwest base rate.
The bank loan is repayable by monthly installments over 7 years. Interest on the loans is charged at 3.62% above Natwest base rate.
The CBIL has a 6 year duration, but is repayable over 5 years, with no repayments due in the first 12 months. Interest on the loan is charged at 2.81% above base rate, with the first 12 months of interest being paid by the government.

Page 8

 
ANGLIAN BRICKWORK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
32,221
22,098


Amounts falling due 2-5 years

Bank loans
122,786
131,837

Amounts falling due after more than 5 years

Bank loans
74,253
97,444

229,260
251,379



10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £1,634 (2020: £1,545). Contributions totalling £368 (2020: £354) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
9,650
9,650

Later than 1 year and not later than 5 years
11,258
20,908

20,908
30,558


Page 9