Registered number
09408518
Berry Gifford Limited
Report and Accounts
31 March 2023
Berry Gifford Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Berry Gifford Limited
Company Information
Directors
Misheck Hakulandaba
Ernest Bhebhe
Accountants
Clarkes
981A Tyburn Road
Erdington
Birmingham
B24 0TJ
Bankers
HSBC
Registered office
Unit 2
2 Mercury Park
Amber Close
Tamworth
B77 4RP
B18 6BA
Registered number
09408518
Berry Gifford Limited
Registered number: 09408518
Directors' Report
The directors present their report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be provision of youth social care
Directors
The following persons served as directors during the year:
Misheck Hakulandaba
Ernest Bhebhe
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 October 2023 and signed on its behalf.
Misheck Hakulandaba
Director
Berry Gifford Limited
Accountants' Report
Accountants' report to the directors of
Berry Gifford Limited
You consider that the company is exempt from an audit for the year ended 31 March 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Clarkes
Certified Chartered
981A Tyburn Road
Erdington
Birmingham
B24 0TJ
24 October 2023
Berry Gifford Limited
Profit and Loss Account
for the year ended 31 March 2023
Notes 2023 2022
£ £
Turnover 1,250,984 1,352,048
Administrative expenses (958,081) (1,197,592)
Operating profit 283,521 154,456
Profit on ordinary activities before taxation 283,521 154,456
Tax on profit on ordinary activities (53,869) (29,347)
Profit for the financial year 229,652 125,109
Berry Gifford Limited
Registered number: 09408518
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 686,339 576,490
Cash at bank and in hand 8,276 20,506
694,615 596,996
Creditors: amounts falling due within one year 4 (226,384) (170,602)
Net current assets 468,231 426,394
Total assets less current liabilities 468,231 426,394
Creditors: amounts falling due after more than one year 5 (22,689) (113,291)
Net assets 445,542 313,103
Capital and reserves
Called up share capital 100 100
Profit and loss account 445,442 313,003
Shareholder's funds 445,542 313,103
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
-
Misheck Hakulandaba
Director
Approved by the board on 24 October 2023
Berry Gifford Limited
Statement of Changes in Equity
for the year ended 31 March 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2021 100 - - 363,232 363,332
Profit for the financial year 125,109 125,109
At 31 March 2022 100 - - 313,003 313,103
At 1 April 2022 100 - - 313,033 313,133
Profit for the financial year 229,652 229,652
Dividends (97,243) (97,243)
At 31 March 2023 100 - - 445,442 445,542
Berry Gifford Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 17
3 Debtors 2023 2022
£ £
Trade debtors 141,963 32,114
Amounts owed by group undertakings and undertakings in which the company has a participating interest 510,376 510,376
Other debtors 34,000 34,000
686,339 576,490
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 90,602 90,602
Trade creditors 39,553 24,583
Corporation tax 77,670 50,734
Other taxes and social security costs 18,559 4,683
226,384 170,602
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,689 113,291
Obligations under finance lease and hire purchase contracts - -
22,689 113,291
6 Other information
Berry Gifford Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
2 Mercury Park
Amber Close
Tamworth
B77 4RP
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