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Company Registration No. 8364878 (England and Wales)
Brigella Mills Carpets & Furniture Limited Unaudited accounts for the year ended 31 January 2023
Brigella Mills Carpets & Furniture Limited Unaudited accounts Contents
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Brigella Mills Carpets & Furniture Limited Company Information for the year ended 31 January 2023
Director
Mohammed Imran Bashir
Company Number
8364878 (England and Wales)
Registered Office
Brigella Mills Little Horton Lane Bradford BD5 0QA
Accountants
B Ram & Co Accountants Ltd 7 Idle Road Bradford BD2 4QA
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Brigella Mills Carpets & Furniture Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,118 
2,292 
Current assets
Inventories
4,054 
450 
Debtors
6,895 
16,665 
Cash at bank and in hand
14,019 
57,100 
24,968 
74,215 
Creditors: amounts falling due within one year
(8,831)
(13,488)
Net current assets
16,137 
60,727 
Total assets less current liabilities
24,255 
63,019 
Creditors: amounts falling due after more than one year
(22,607)
(43,452)
Provisions for liabilities
Deferred tax
- 
(436)
Net assets
1,648 
19,131 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,646 
19,129 
Shareholders' funds
1,648 
19,131 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 July 2023 and were signed on its behalf by
Mohammed Imran Bashir Director Company Registration No. 8364878
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Brigella Mills Carpets & Furniture Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Brigella Mills Carpets & Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 8364878. The registered office is Brigella Mills, Little Horton Lane, Bradford, BD5 0QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Brigella Mills Carpets & Furniture Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
6,500 
1,658 
8,158 
Additions
- 
7,500 
7,500 
At 31 January 2023
6,500 
9,158 
15,658 
Depreciation
At 1 February 2022
4,443 
1,423 
5,866 
Charge for the year
514 
1,160 
1,674 
At 31 January 2023
4,957 
2,583 
7,540 
Net book value
At 31 January 2023
1,543 
6,575 
8,118 
At 31 January 2022
2,057 
235 
2,292 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,672 
Other debtors
3,223 
16,665 
6,895 
16,665 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
46 
2,378 
Taxes and social security
5,014 
2,871 
Other creditors
2,821 
7,121 
Loans from directors
- 
268 
Accruals
950 
850 
8,831 
13,488 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,607 
43,452 
8
Average number of employees
During the year the average number of employees was 5 (2022: 3).
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