Company Registration No. 05113723 (England and Wales)
BRIMSTRY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
BRIMSTRY LIMITED
COMPANY INFORMATION
Directors
Mr B T Bird
Mrs C E Bird
Secretary
Mrs C E Bird
Company number
05113723
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
1 St Phillips Place
Birmingham
West Midlands
B3 2PP
BRIMSTRY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
BRIMSTRY LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRIMSTRY LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brimstry Limited for the year ended 28 February 2023 which comprise, the balance sheet and the related notes 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/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brimstry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brimstry Limited and state those matters that we have agreed to state to the Board of Directors of Brimstry Limited, 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 Brimstry Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Brimstry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brimstry Limited. You consider that Brimstry Limited 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 financial statements of Brimstry Limited. 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 financial statements.

Ormerod Rutter Limited
28 September 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BRIMSTRY LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
148,079
125,127
Debtors
3
4,264
3,185
Cash at bank and in hand
157
5,440
152,500
133,752
Creditors: amounts falling due within one year
4
(167,429)
(143,891)
Net current liabilities
(14,929)
(10,139)
Capital and reserves
Called up share capital
5
250
250
Profit and loss reserves
(15,179)
(10,389)
Total equity
(14,929)
(10,139)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 September 2023 and are signed on its behalf by:
Mr B T Bird
Director
Company Registration No. 05113723
BRIMSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Brimstry Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BRIMSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 2 (2021 - 2).

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
272
283
Deferred tax asset
3,992
2,902
4,264
3,185
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
16,820
15,810
Other creditors
150,609
128,081
167,429
143,891
BRIMSTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary A of £1 each
100
100
100 Ordinary B of £1 each
100
100
100 Ordinary C of 50p each
50
50
250
250
6
Ultimate controlling party

There is no ultimate controlling party.

2023-02-28 2022-03-01 false 28 September 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Mr B T Bird Mrs C E Bird Mrs C E Bird 05113723 2022-03-01 2023-02-28 05113723 bus:Director1 2022-03-01 2023-02-28 05113723 bus:CompanySecretaryDirector1 2022-03-01 2023-02-28 05113723 bus:CompanySecretary1 2022-03-01 2023-02-28 05113723 bus:Director2 2022-03-01 2023-02-28 05113723 bus:RegisteredOffice 2022-03-01 2023-02-28 05113723 bus:Agent1 2022-03-01 2023-02-28 05113723 2023-02-28 05113723 2022-02-28 05113723 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 05113723 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 05113723 core:CurrentFinancialInstruments 2023-02-28 05113723 core:CurrentFinancialInstruments 2022-02-28 05113723 core:ShareCapital 2023-02-28 05113723 core:ShareCapital 2022-02-28 05113723 core:RetainedEarningsAccumulatedLosses 2023-02-28 05113723 core:RetainedEarningsAccumulatedLosses 2022-02-28 05113723 core:ShareCapitalOrdinaryShares 2023-02-28 05113723 core:ShareCapitalOrdinaryShares 2022-02-28 05113723 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 05113723 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 05113723 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 05113723 bus:OrdinaryShareClass1 2023-02-28 05113723 bus:OrdinaryShareClass2 2023-02-28 05113723 bus:OrdinaryShareClass3 2023-02-28 05113723 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05113723 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 05113723 bus:FRS102 2022-03-01 2023-02-28 05113723 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05113723 bus:FullAccounts 2022-03-01 2023-02-28 xbrli:pure xbrli:shares iso4217:GBP