5 February 2022 false Taxfiler 2023.10 13896236business:PrivateLimitedCompanyLtd2022-02-052023-03-31 138962362022-02-04 138962362022-02-052023-03-31 13896236business:AuditExemptWithAccountantsReport2022-02-052023-03-31 13896236business:FilletedAccounts2022-02-052023-03-31 138962362023-03-31 13896236business:Director12022-02-052023-03-31 13896236business:RegisteredOffice2022-02-052023-03-31 13896236core:WithinOneYear2023-03-31 13896236core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13896236core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13896236core:PreviouslyStatedAmount2023-03-31 13896236business:SmallEntities2022-02-052023-03-31 13896236countries:EnglandWales2022-02-052023-03-31 13896236core:PlantMachinery2022-02-052023-03-31 13896236core:MotorVehicles2022-02-052023-03-31 13896236core:PlantMachinery2022-02-04 13896236core:MotorVehicles2022-02-04 13896236core:PlantMachinery2023-03-31 13896236core:MotorVehicles2023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13896236 (England and Wales)
Brazier Group Ltd Unaudited accounts for the period from 5 February 2022 to 31 March 2023
Brazier Group Ltd Unaudited accounts Contents
Page
- 2 -
Brazier Group Ltd Company Information for the period from 5 February 2022 to 31 March 2023
Director
Mrs Chelsea Brazier
Company Number
13896236 (England and Wales)
Registered Office
77A Richmond Road Twickenham Middlesex TW1 3AW England
Accountants
P10 Accountancy Ltd 77A Richmond Road Twickenham TW1 3AW
- 3 -
Brazier Group Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
26,515 
Current assets
Cash at bank and in hand
6,924 
Creditors: amounts falling due within one year
(37,477)
Net current liabilities
(30,553)
Net liabilities
(4,038)
Capital and reserves
Called up share capital
1 
Profit and loss account
(4,039)
Shareholders' funds
(4,038)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2023 and were signed on its behalf by
Mrs Chelsea Brazier Director Company Registration No. 13896236
- 4 -
Brazier Group Ltd Notes to the Accounts for the period from 5 February 2022 to 31 March 2023
1
Statutory information
Brazier Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13896236. The registered office is 77A Richmond Road, Twickenham, Middlesex, TW1 3AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Cash & cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Brazier Group Ltd Notes to the Accounts for the period from 5 February 2022 to 31 March 2023
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 5 February 2022
- 
- 
- 
Additions
19,854 
15,500 
35,354 
At 31 March 2023
19,854 
15,500 
35,354 
Depreciation
Charge for the period
4,964 
3,875 
8,839 
At 31 March 2023
4,964 
3,875 
8,839 
Net book value
At 31 March 2023
14,890 
11,625 
26,515 
5
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
36,445 
Accruals
1,032 
37,477 
6
Average number of employees
During the period the average number of employees was 1.
- 6 -