2022-04-012023-03-312023-03-31false07749126ROBERT BRUCE ASSOCIATES 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ROBERT BRUCE ASSOCIATES LIMITED

Registered Number
07749126
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ROBERT BRUCE ASSOCIATES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

JANMAN, Bruce

Registered Address

73 St. Leonards Road
Northampton
NN4 8DN

Registered Number

07749126 (England and Wales)
ROBERT BRUCE ASSOCIATES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets612,59918,247
12,59918,247
Current assets
Debtors735,12323,824
Cash at bank and on hand182,304168,519
217,427192,343
Creditors amounts falling due within one year8(75,208)(39,497)
Net current assets (liabilities)142,219152,846
Total assets less current liabilities154,818171,093
Creditors amounts falling due after one year9(34,915)(45,563)
Provisions for liabilities10(377)(644)
Net assets119,526124,886
Capital and reserves
Called up share capital1,0001,000
Profit and loss account118,526123,886
Shareholders' funds119,526124,886
The financial statements were approved and authorised for issue by the Director on 27 June 2023, and are signed on its behalf by:
JANMAN, Bruce
Director
Registered Company No. 07749126
ROBERT BRUCE ASSOCIATES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is an independent financial advisor.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery25-
Office Equipment-5
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.
Deferred tax policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year55
6.Property, plant and equipment

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2242,4394,0721,65520,41168,577
At 31 March 2342,4394,0721,65520,41168,577
Depreciation and impairment
At 01 April 2227,5803,40131319,03650,330
Charge for year4,2441671071,1305,648
At 31 March 2331,8243,56842020,16655,978
Net book value
At 31 March 2310,6155041,23524512,599
At 31 March 2214,8596711,3421,37518,247
7.Debtors

2023

2022

££
Prepayments and accrued income35,12323,824
Total35,12323,824
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables-840
Taxation and social security-556
Other creditors75,20838,101
Total75,20839,497
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.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts34,91545,563
Total34,91545,563
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)377644
Total377644