Brelades Limited 06008721 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is Veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true true 06008721 2022-02-01 2023-01-31 06008721 2023-01-31 06008721 core:CapitalRedemptionReserve 2023-01-31 06008721 core:RetainedEarningsAccumulatedLosses 2023-01-31 06008721 core:ShareCapital 2023-01-31 06008721 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 06008721 bus:SmallEntities 2022-02-01 2023-01-31 06008721 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 06008721 bus:FullAccounts 2022-02-01 2023-01-31 06008721 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 06008721 bus:RegisteredOffice 2022-02-01 2023-01-31 06008721 bus:Director2 2022-02-01 2023-01-31 06008721 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06008721 core:Goodwill 2022-02-01 2023-01-31 06008721 core:LeaseholdImprovements 2022-02-01 2023-01-31 06008721 core:MotorVehicles 2022-02-01 2023-01-31 06008721 core:PlantMachinery 2022-02-01 2023-01-31 06008721 countries:England 2022-02-01 2023-01-31 06008721 2022-01-31 06008721 2021-02-01 2022-01-31 06008721 2022-01-31 06008721 core:CapitalRedemptionReserve 2022-01-31 06008721 core:RetainedEarningsAccumulatedLosses 2022-01-31 06008721 core:ShareCapital 2022-01-31 06008721 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 06008721

Brelades Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2023

 

Brelades Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Brelades Limited

(Registration number: 06008721)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
As restated
£

Fixed assets

 

Tangible assets

5

256,272

232,645

Current assets

 

Stocks

45,694

68,159

Debtors

67,399

78,883

Cash at bank and in hand

 

245,763

86,236

 

358,856

233,278

Creditors: Amounts falling due within one year

(364,922)

(319,349)

Net current liabilities

 

(6,066)

(86,071)

Total assets less current liabilities

 

250,206

146,574

Provisions for liabilities

(26,480)

(43,855)

Net assets

 

223,726

102,719

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

1

1

Profit and loss account

223,625

102,618

Total equity

 

223,726

102,719

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

Mr M C James

Director

 

Brelades Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20 Knoll Road
Dorking
Surrey
RH4 3EP

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Prior period errors

VAT was previously underdeclared on discounts and rebates and Pet Health Plan income in the years ended 2020, 2021 & 2022. The full correction has been included in the accounts for the year ended 31 January 2022.

 

Relating to the current period disclosed in these financial statements
£

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Taxation and social security

111,754

14,627

97,127

Profit and loss reserve

(111,754)

(14,627)

(97,127)

    

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services
to customers during the year.

 

Brelades Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

5% Straight line

Equipment, fixtures and fittings

25% Reducing balance

Motor vehicles

20% Straight line

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% Straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2022 - 34).

 

Brelades Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 February 2022

400,000

At 31 January 2023

400,000

Amortisation

At 1 February 2022

400,000

At 31 January 2023

400,000

Carrying amount

At 31 January 2023

-

5

Tangible assets

Total
£

Cost or valuation

At 1 February 2022

442,636

Additions

68,329

At 31 January 2023

510,965

Depreciation

At 1 February 2022

209,991

Charge for the year

44,702

At 31 January 2023

254,693

Carrying amount

At 31 January 2023

256,272

At 31 January 2022

232,645