Registered number
10191266
Brodrick and Company Limited
Filleted Accounts
31 March 2023
Brodrick and Company Limited
Registered number: 10191266
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 638 673
Current assets
Debtors 4 29,631 2,212
Cash at bank and in hand 14,964 18,474
44,595 20,686
Creditors: amounts falling due within one year 5 (8,593) (4,604)
Net current assets 36,002 16,082
Total assets less current liabilities 36,640 16,755
Provisions for liabilities (84) (128)
Net assets 36,556 16,627
Capital and reserves
Called up share capital 3 3
Profit and loss account 36,553 16,624
Shareholders' funds 36,556 16,627
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss Joanne Brodrick
Director
Approved by the board on 14 August 2023
Brodrick and Company Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services, .which 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Furniture & fixtures over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Computer equipment Furniture and fittings Total
£ £ £
Cost
At 1 April 2022 1,298 198 1,496
Additions 86 - 86
At 31 March 2023 1,384 198 1,582
Depreciation
At 1 April 2022 736 87 823
Charge for the year 86 35 121
At 31 March 2023 822 122 944
Net book value
At 31 March 2023 562 76 638
At 31 March 2022 562 111 673
4 Debtors 2023 2022
£ £
Trade debtors 20,345 2,100
Prepayments 39 112
Directors loan account 9,247 -
29,631 2,212
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 7,968 3,701
Accruals 625 600
Directors loan account - 303
8,593 4,604
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Miss Joanne Brodrick
Directors loan account (303) 35,175 (25,625) 9,247
(303) 35,175 (25,625) 9,247
7 Related party transactions
During the year the company made rent payments to the director in respect of use of office space amounting to £6,000 (2022: £4,081), the full amount was credited to her directors loan account.
8 Controlling party
The director does not consider that there is any overall controlling party.
9 Other information
Brodrick and Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Hurlingham Road
Market Harborough
Leicestershire
LE16 9GB
Brodrick and Company Limited 10191266 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Miss Joanne Brodrick No description of principal activity 10191266 2021-04-01 2022-03-31 10191266 core:WithinOneYear 2022-03-31 10191266 core:ShareCapital 2022-03-31 10191266 core:RetainedEarningsAccumulatedLosses 2022-03-31 10191266 2022-04-01 2023-03-31 10191266 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10191266 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10191266 bus:Director40 2022-04-01 2023-03-31 10191266 1 2022-04-01 2023-03-31 10191266 2 2022-04-01 2023-03-31 10191266 core:PlantMachinery 2022-04-01 2023-03-31 10191266 core:Vehicles 2022-04-01 2023-03-31 10191266 bus:Director1 2022-04-01 2023-03-31 10191266 bus:Director1 1 2022-04-01 2023-03-31 10191266 countries:England 2022-04-01 2023-03-31 10191266 bus:FRS102 2022-04-01 2023-03-31 10191266 bus:FullAccounts 2022-04-01 2023-03-31 10191266 2023-03-31 10191266 core:WithinOneYear 2023-03-31 10191266 core:ShareCapital 2023-03-31 10191266 core:RetainedEarningsAccumulatedLosses 2023-03-31 10191266 core:PlantMachinery 2023-03-31 10191266 core:Vehicles 2023-03-31 10191266 bus:Director1 1 2023-03-31 10191266 2022-03-31 10191266 core:PlantMachinery 2022-03-31 10191266 core:Vehicles 2022-03-31 10191266 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure