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Registration number: 11286129

Brutons of Nailsworth Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Brutons of Nailsworth Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

Brutons of Nailsworth Ltd

Company Information

Directors

Mrs C Burdett

Mr R Burdett

Registered office

Greenways
Cleeve Hill
Cheltenham
Gloucestershire
GL52 3PR

Accountants

Holberton and Co Ltd
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

 

Brutons of Nailsworth Ltd

Directors' Report for the Year Ended 31 March 2023

The directors present their report and the abridged financial statements for the year ended 31 March 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs C Burdett

Mr R Burdett

Principal activity

The principal activity of the company is Rental of property

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 6 November 2023 and signed on its behalf by:
 

.........................................
Mr R Burdett
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Brutons of Nailsworth Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brutons of Nailsworth Ltd for the year ended 31 March 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Brutons of Nailsworth Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Brutons of Nailsworth Ltd and state those matters that we have agreed to state to the Board of Directors of Brutons of Nailsworth Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brutons of Nailsworth Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Brutons of Nailsworth Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Brutons of Nailsworth Ltd. You consider that Brutons of Nailsworth Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Brutons of Nailsworth Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Holberton and Co Ltd
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

6 November 2023

 

Brutons of Nailsworth Ltd

Abridged Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Gross profit

 

4,520

3,010

Administrative expenses

 

(4,724)

(5,387)

Loss before tax

4

(204)

(2,377)

Tax on loss

 

-

407

Loss for the financial year

 

(204)

(1,970)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Brutons of Nailsworth Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2023

2023
£

2022
£

Loss for the year

(204)

(1,970)

Total comprehensive income for the year

(204)

(1,970)

 

Brutons of Nailsworth Ltd

(Registration number: 11286129)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,121

1,319

Current assets

 

Debtors

6

657

657

Cash at bank and in hand

 

605

580

 

1,262

1,237

Creditors: Amounts falling due within one year

(1)

-

Net current assets

 

1,261

1,237

Total assets less current liabilities

 

2,382

2,556

Accruals and deferred income

 

(424)

(394)

Net assets

 

1,958

2,162

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

1,956

2,160

Shareholders' funds

 

1,958

2,162

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 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.

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 6 November 2023 and signed on its behalf by:
 

.........................................
Mr R Burdett
Director

 

Brutons of Nailsworth Ltd

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

2

2,160

2,162

Loss for the year

-

(204)

(204)

At 31 March 2023

2

1,956

1,958

Share capital
£

Retained earnings
£

Total
£

At 1 April 2021

2

4,130

4,132

Loss for the year

-

(1,970)

(1,970)

At 31 March 2022

2

2,160

2,162

 

Brutons of Nailsworth Ltd

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

1

General information

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

The address of its registered office is:
Greenways
Cleeve Hill
Cheltenham
Gloucestershire
GL52 3PR

These financial statements were authorised for issue by the Board on 6 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 abridged 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 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.

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.

Tax

The tax expense for the period comprises 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.

 

Brutons of Nailsworth Ltd

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

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

Fixtures and fittings

15% Reducing balance

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

 

Brutons of Nailsworth Ltd

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

2023
£

2022
£

Depreciation expense

198

233

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

1,825

1,825

At 31 March 2023

1,825

1,825

Depreciation

At 1 April 2022

506

506

Charge for the year

198

198

At 31 March 2023

704

704

Carrying amount

At 31 March 2023

1,121

1,121

At 31 March 2022

1,319

1,319

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2