IRIS Accounts Production v23.2.0.158 12492108 director 1.4.21 31.3.22 31.3.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124921082021-03-31124921082022-03-31124921082021-04-012022-03-31124921082020-03-01124921082020-03-022021-03-31124921082021-03-3112492108ns10:Originalns15:EnglandWales2021-04-012022-03-3112492108ns14:PoundSterlingns10:Original2021-04-012022-03-3112492108ns10:Originalns10:Director12021-04-012022-03-3112492108ns10:Original2021-04-012022-03-3112492108ns10:Original2022-03-3112492108ns10:Originalns10:PrivateLimitedCompanyLtd2021-04-012022-03-3112492108ns10:Originalns10:SmallEntities2021-04-012022-03-3112492108ns10:Originalns10:AuditExempt-NoAccountantsReport2021-04-012022-03-3112492108ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3112492108ns10:SmallCompaniesRegimeForAccountsns10:Original2021-04-012022-03-3112492108ns10:Originalns10:FullAccounts2021-04-012022-03-3112492108ns10:Originalns10:OrdinaryShareClass12021-04-012022-03-3112492108ns10:Originalns10:RegisteredOffice2021-04-012022-03-3112492108ns10:Original2021-03-3112492108ns10:Originalns5:CurrentFinancialInstruments2022-03-3112492108ns10:Originalns5:CurrentFinancialInstruments2021-03-3112492108ns5:ShareCapitalns10:Original2022-03-3112492108ns5:ShareCapitalns10:Original2021-03-3112492108ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112492108ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-03-3112492108ns10:Originalns5:PlantMachinery2021-04-012022-03-3112492108ns10:Originalns5:ComputerEquipment2021-04-012022-03-3112492108ns10:Original2020-03-022021-03-3112492108ns10:Originalns5:PlantMachinery2021-03-3112492108ns10:Originalns5:ComputerEquipment2021-03-3112492108ns10:Original2021-03-3112492108ns10:Originalns5:PlantMachinery2022-03-3112492108ns10:Originalns5:ComputerEquipment2022-03-3112492108ns10:Originalns5:PlantMachinery2021-03-3112492108ns10:Originalns5:ComputerEquipment2021-03-3112492108ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3112492108ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-03-3112492108ns10:Originalns5:DeferredTaxation2021-03-3112492108ns10:Originalns5:DeferredTaxation2021-04-012022-03-3112492108ns10:Originalns5:DeferredTaxation2022-03-3112492108ns10:Originalns10:OrdinaryShareClass12022-03-31
REGISTERED NUMBER: 12492108 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

BRODWOLF LTD

BRODWOLF LTD (REGISTERED NUMBER: 12492108)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRODWOLF LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: F Lauro





REGISTERED OFFICE: 106A Western Road
Hove
East Sussex
BN3 1FA





REGISTERED NUMBER: 12492108 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

BRODWOLF LTD (REGISTERED NUMBER: 12492108)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,177 12,713

CURRENT ASSETS
Stocks 1,620 1,620
Debtors 5 109,406 42,017
Cash at bank and in hand 20,549 42,503
131,575 86,140
CREDITORS
Amounts falling due within one year 6 83,285 65,587
NET CURRENT ASSETS 48,290 20,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,467

33,266

PROVISIONS FOR LIABILITIES 7 7,064 2,415
NET ASSETS 78,403 30,851

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 78,303 30,751
SHAREHOLDERS' FUNDS 78,403 30,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





F Lauro - Director


BRODWOLF LTD (REGISTERED NUMBER: 12492108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Brodwolf Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for customer refunds.

Revenue from food and drink outlets is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
Government grants in the form of Covid-19 Small Business Support are recognised as revenue grants in accordance with the accrual model under Financial Reporting Standard 102 as follows.

Grants received from the local authority in respect of small business rates relief where the local authority has established the entities eligibility to the grant are recognised immediately in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

BRODWOLF LTD (REGISTERED NUMBER: 12492108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2021 14,556 - 14,556
Additions 31,080 1,119 32,199
At 31 March 2022 45,636 1,119 46,755
DEPRECIATION
At 1 April 2021 1,843 - 1,843
Charge for year 7,426 309 7,735
At 31 March 2022 9,269 309 9,578
NET BOOK VALUE
At 31 March 2022 36,367 810 37,177
At 31 March 2021 12,713 - 12,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,023 -
Amounts owed by connected companies 93,955 41,511
Other debtors 14,428 506
109,406 42,017

BRODWOLF LTD (REGISTERED NUMBER: 12492108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,480 1,480
Amounts owed to connected companies 39,218 36,200
Taxation and social security 36,087 24,907
Other creditors 6,500 3,000
83,285 65,587

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 7,064 2,415

Deferred
tax
£   
Balance at 1 April 2021 2,415
Charge to Income Statement during year 4,649
Balance at 31 March 2022 7,064

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100