Brantham Limited 12152773 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is Recruitment services Digita Accounts Production Advanced 6.30.9574.0 true 12152773 2022-01-01 2022-12-31 12152773 2022-12-31 12152773 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-12-31 12152773 bus:Revised 2022-12-31 12152773 core:CurrentFinancialInstruments 2022-12-31 12152773 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12152773 core:Non-currentFinancialInstruments 2022-12-31 12152773 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12152773 core:Goodwill 2022-12-31 12152773 core:MoreThanFiveYears 2022-12-31 12152773 core:FurnitureFittingsToolsEquipment 2022-12-31 12152773 core:LandBuildings 2022-12-31 12152773 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 12152773 bus:SmallEntities 2022-01-01 2022-12-31 12152773 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12152773 bus:FullAccounts 2022-01-01 2022-12-31 12152773 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12152773 bus:RegisteredOffice 2022-01-01 2022-12-31 12152773 bus:Director1 2022-01-01 2022-12-31 12152773 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-01-01 2022-12-31 12152773 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12152773 core:Goodwill 2022-01-01 2022-12-31 12152773 core:ComputerEquipment 2022-01-01 2022-12-31 12152773 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 12152773 core:LandBuildings 2022-01-01 2022-12-31 12152773 core:MotorCars 2022-01-01 2022-12-31 12152773 core:OfficeEquipment 2022-01-01 2022-12-31 12152773 core:KeyManagementPersonnel 2022-01-01 2022-12-31 12152773 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-01 2022-12-31 12152773 countries:AllCountries 2022-01-01 2022-12-31 12152773 2021-12-31 12152773 core:Goodwill 2021-12-31 12152773 core:FurnitureFittingsToolsEquipment 2021-12-31 12152773 core:LandBuildings 2021-12-31 12152773 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-31 12152773 2021-01-01 2021-12-31 12152773 2021-12-31 12152773 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2021-12-31 12152773 core:CurrentFinancialInstruments 2021-12-31 12152773 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 12152773 core:Non-currentFinancialInstruments 2021-12-31 12152773 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 12152773 core:Goodwill 2021-12-31 12152773 core:MoreThanFiveYears 2021-12-31 12152773 core:FurnitureFittingsToolsEquipment 2021-12-31 12152773 core:LandBuildings 2021-12-31 12152773 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-31 12152773 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-01-01 2021-12-31 12152773 2020-12-31 12152773 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12152773

Brantham Limited

trading as D&D Recruit

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Brantham Limited

trading as D&D Recruit

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Brantham Limited

trading as D&D Recruit

Company Information

Director

Mr Neil Edward O'Brien

Registered office

Building 1
Evolution Park
Runcorn
Cheshire
WA7 1HR

Accountants

Accentis
Parallel House
32 London Road
Guildford
GU1 2AB

 

Brantham Limited

trading as D&D Recruit

(Registration number: 12152773)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

216,186

247,069

Tangible assets

5

86,216

30,584

 

302,402

277,653

Current assets

 

Debtors

6

586,234

1,473,350

Cash at bank and in hand

 

40,181

7,465

 

626,415

1,480,815

Creditors: Amounts falling due within one year

7

(621,364)

(1,529,960)

Net current assets/(liabilities)

 

5,051

(49,145)

Total assets less current liabilities

 

307,453

228,508

Creditors: Amounts falling due after more than one year

7

(314,912)

(136,752)

Net (liabilities)/assets

 

(7,459)

91,756

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(7,559)

91,656

Shareholders' (deficit)/funds

 

(7,459)

91,756

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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 director acknowledges his 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.

Approved and authorised by the director on 7 November 2023
 

 

Brantham Limited

trading as D&D Recruit

(Registration number: 12152773)
Balance Sheet as at 31 December 2022

.........................................
Mr Neil Edward O'Brien
Director

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

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

The address of its registered office is:
Building 1
Evolution Park
Runcorn
Cheshire
WA7 1HR
United Kingdom

These financial statements were authorised for issue by the director on 7 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Tax

The tax expense for the period comprises current 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 income 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Trucks and vans

25% reducing balance

Computer equipment

3 years straight line

Office furniture

4 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 26 (2021 - 18).

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2022

309,736

309,736

Disposals

(900)

(900)

At 31 December 2022

308,836

308,836

Amortisation

At 1 January 2022

62,667

62,667

Amortisation charge

30,883

30,883

Amortisation eliminated on disposals

(900)

(900)

At 31 December 2022

92,650

92,650

Carrying amount

At 31 December 2022

216,186

216,186

At 31 December 2021

247,069

247,069

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2022

-

40,499

40,499

Additions

55,908

13,688

69,596

Disposals

-

(2,046)

(2,046)

At 31 December 2022

55,908

52,141

108,049

Depreciation

At 1 January 2022

-

9,915

9,915

Charge for the year

-

13,700

13,700

Eliminated on disposal

-

(1,782)

(1,782)

At 31 December 2022

-

21,833

21,833

Carrying amount

At 31 December 2022

55,908

30,308

86,216

At 31 December 2021

-

30,584

30,584

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Included within the net book value of land and buildings above is £55,908 (2021 - £Nil) in respect of short leasehold land and buildings.
 

6

Debtors

Current

2022
£

2021
£

Trade debtors

504,659

1,296,238

Prepayments

57,702

87,188

Other debtors

23,873

89,924

 

586,234

1,473,350

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

9

278,620

1,051,205

Trade creditors

 

89,744

19,008

Taxation and social security

 

65,507

91,040

Accruals and deferred income

 

124,125

82,440

Other creditors

 

63,368

286,267

 

621,364

1,529,960

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £268,847 (2021 - £1,041,588).

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

9

314,912

136,752

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

25,797

35,670

Other borrowings

289,115

101,082

314,912

136,752

2022
£

2021
£

Current loans and borrowings

Bank borrowings

9,772

9,617

Other borrowings

268,848

1,041,588

278,620

1,051,205

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2022
£

2021
£

Later than five years

109,370

-

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

The amount of non-cancellable operating lease payments recognised as an expense during the year was £32,808 (2021 - £Nil).

11

Related party transactions

 

Brantham Limited

trading as D&D Recruit

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Director's remuneration

The director's remuneration for the year was as follows:

2022
£

2021
£

Remuneration

24,000

98,966

Contributions paid to money purchase schemes

-

631

24,000

99,597

Loans from related parties

2022

Key management
£

Total
£

At start of period

373,779

373,779

Advanced

28,961

28,961

Repaid

(113,626)

(113,626)

At end of period

289,114

289,114

2021

Key management
£

Total
£

At start of period

276,413

276,413

Advanced

163,013

163,013

Repaid

(81,858)

(81,858)

Interest transactions

16,211

16,211

At end of period

373,779

373,779

Terms of loans from related parties

Neil O'Brien has provided three loans to the business on the following terms:
£9,068 commencing in 2024 in equal intstallments over two years. This loan is unsecured and carries an interest rate of 13.75% per annum.
£81,239 commencing in 2024 in equal intstallments over two years This loan is unsecured and carries an interest rate of 15% per annum.
£198,806 repayable upon demand at any time after 2025. This loan is unsecrured and is interest free.