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REGISTERED NUMBER: 03211889 (England and Wales)















Financial Statements

for the Year Ended 30 June 2023

for

Brava Building Services Limited

Brava Building Services Limited (Registered number: 03211889)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brava Building Services Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J K Frith
M J Midgley
S A Owens





REGISTERED OFFICE: 34 Shirley Road
Bradford
West Yorkshire
BD4 9PX





REGISTERED NUMBER: 03211889 (England and Wales)





AUDITORS: Stirk Lambert & Co
Chartered Accountants
Statutory Auditors
Russell Chambers
61a North Street
Keighley
BD21 3DS

Brava Building Services Limited (Registered number: 03211889)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 203,601 170,459

CURRENT ASSETS
Stocks 157,222 165,813
Debtors 6 1,407,496 903,890
Cash at bank and in hand 537,381 25,256
2,102,099 1,094,959
CREDITORS
Amounts falling due within one year 7 1,401,760 675,715
NET CURRENT ASSETS 700,339 419,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,940

589,703

CREDITORS
Amounts falling due after more than one
year

8

(117,558

)

(83,590

)

PROVISIONS FOR LIABILITIES (28,430 ) -
NET ASSETS 757,952 506,113

CAPITAL AND RESERVES
Called up share capital 11 956 956
Capital redemption reserve 44 44
Retained earnings 756,952 505,113
SHAREHOLDERS' FUNDS 757,952 506,113

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

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

Brava Building Services Limited (Registered number: 03211889)

Statement of Financial Position - continued
30 June 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





S A Owens - Director


Brava Building Services Limited (Registered number: 03211889)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Brava Building Services Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT. The company recognises turnover in accordance with long-term contracts as defined in Financial Reporting Standard 102. Contracts are included in turnover on the basis of the sales value of work performed during the year by reference to the total sales value and stage of completion of these contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
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.

Long-term work in progress balances comprise costs incurred on long-term contracts, net of amounts transferred to cost of sales, after deducting foreseeable losses and related payments on account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Brava Building Services Limited (Registered number: 03211889)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 27 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 20,105 21,706 26,485
Additions - - -
Disposals - - -
At 30 June 2023 20,105 21,706 26,485
DEPRECIATION
At 1 July 2022 20,105 21,706 26,485
Charge for year - - -
Eliminated on disposal - - -
At 30 June 2023 20,105 21,706 26,485
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - - -

Brava Building Services Limited (Registered number: 03211889)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 357,617 128,651 554,564
Additions 107,644 - 107,644
Disposals (48,205 ) - (48,205 )
At 30 June 2023 417,056 128,651 614,003
DEPRECIATION
At 1 July 2022 187,158 128,651 384,105
Charge for year 64,203 - 64,203
Eliminated on disposal (37,906 ) - (37,906 )
At 30 June 2023 213,455 128,651 410,402
NET BOOK VALUE
At 30 June 2023 203,601 - 203,601
At 30 June 2022 170,459 - 170,459

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 142,163
Additions 107,644
At 30 June 2023 249,807
DEPRECIATION
At 1 July 2022 13,501
Charge for year 56,328
At 30 June 2023 69,829
NET BOOK VALUE
At 30 June 2023 179,978
At 30 June 2022 128,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 608,118 389,214
Other debtors 1,683 1,683
Amounts recoverable on contracts 739,083 405,847
Tax - 11,475
VAT 39,676 74,245
Prepayments 18,936 21,426
1,407,496 903,890

Brava Building Services Limited (Registered number: 03211889)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts (see note 9) 48,345 22,365
Trade creditors 1,259,981 578,563
Tax 12,275 -
Social security and other taxes 43,933 40,587
Other creditors 9,239 6,470
Directors' current accounts 1,775 1,775
Accrued expenses 26,212 25,955
1,401,760 675,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts (see note 9) 117,558 83,590

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.23 30.6.22
£    £   
Gross obligations repayable:
Within one year 53,254 26,368
Between one and five years 122,376 90,546
175,630 116,914

Finance charges repayable:
Within one year 4,909 4,003
Between one and five years 4,818 6,956
9,727 10,959

Net obligations repayable:
Within one year 48,345 22,365
Between one and five years 117,558 83,590
165,903 105,955

Non-cancellable operating leases
30.6.23 30.6.22
£    £   
Within one year 32,897 32,897
Between one and five years 25,512 43,409
58,409 76,306

Brava Building Services Limited (Registered number: 03211889)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 165,903 105,955

The bank overdraft facility is secured by way of a debenture dated 16 August 2007 over the company's fixed and current assets.

Hire Purchase creditors are secured on the assets to which the agreement relates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
955,556 Ordinary. 0.1p 956 956

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Hudson FCA (Senior Statutory Auditor)
for and on behalf of Stirk Lambert & Co

13. CAPITAL COMMITMENTS
30.6.23 30.6.22
£    £   
Contracted but not provided for in the
financial statements 37,055 37,055

14. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholdings.