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REGISTERED NUMBER: 09500284 (England and Wales)















THE BRATE GROUP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






THE BRATE GROUP LTD (REGISTERED NUMBER: 09500284)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE BRATE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr B M Browne
Mrs K S Browne





REGISTERED OFFICE: Whistle Stop Hollow
St Giles On The Heath
Launceston
Cornwall
PL15 9SQ





REGISTERED NUMBER: 09500284 (England and Wales)





ACCOUNTANTS: My Business Centre Limited
Jacob's Pool House
11 West Street
Okehampton
Devon
EX20 1HQ

THE BRATE GROUP LTD (REGISTERED NUMBER: 09500284)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 613 520
613 520

CURRENT ASSETS
Stocks 5,423 3,003
Debtors 1,132 -
Cash at bank and in hand 7,645 17,983
14,200 20,986
CREDITORS
Amounts falling due within one year 7,019 5,106
NET CURRENT ASSETS 7,181 15,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,794

16,400

PROVISIONS FOR LIABILITIES 116 99
NET ASSETS 7,678 16,301

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,676 16,299
SHAREHOLDERS' FUNDS 7,678 16,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE BRATE GROUP LTD (REGISTERED NUMBER: 09500284)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Mr B M Browne - Director


THE BRATE GROUP LTD (REGISTERED NUMBER: 09500284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Brate Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arising from the purchase of the business in 2015 is now fully written down.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

THE BRATE GROUP LTD (REGISTERED NUMBER: 09500284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 4,677
Additions 429
At 31 March 2023 5,106
DEPRECIATION
At 1 April 2022 4,157
Charge for year 336
At 31 March 2023 4,493
NET BOOK VALUE
At 31 March 2023 613
At 31 March 2022 520