Registered number
10655463
Ashley Bryant Brickworks Limited
Unaudited Filleted Accounts
31 March 2023
Ashley Bryant Brickworks Limited
Registered number: 10655463
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 4,708 5,650
Tangible assets 4 6,381 13,143
11,089 18,793
Current assets
Debtors 5 26,514 29,380
Cash at bank and in hand 1,170 947
27,684 30,327
Creditors: amounts falling due within one year 6 (11,494) (11,972)
Net current assets 16,190 18,355
Total assets less current liabilities 27,279 37,148
Creditors: amounts falling due after more than one year 7 (12,000) (15,600)
Net assets 15,279 21,548
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,278 21,547
Shareholders' funds 15,279 21,548
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 members have 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.
Mr A Bryant
Director
Approved by the board on 13 November 2023
Ashley Bryant Brickworks 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 (as applied to small entities by section 1A of the standard).
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.
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 2 -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 11,300
At 31 March 2023 11,300
Amortisation
At 1 April 2022 5,650
Provided during the year 942
At 31 March 2023 6,592
Net book value
At 31 March 2023 4,708
At 31 March 2022 5,650
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 - 23,365 23,365
Additions 499 - 499
Disposals - (3,850) (3,850)
At 31 March 2023 499 19,515 20,014
Depreciation
At 1 April 2022 - 10,222 10,222
Charge for the year 125 3,286 3,411
At 31 March 2023 125 13,508 13,633
Net book value
At 31 March 2023 374 6,007 6,381
At 31 March 2022 - 13,143 13,143
5 Debtors 2023 2022
£ £
Directors loan account - 8,171
VAT 4,648 -
Other debtors 21,866 21,209
26,514 29,380
6 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loan account 5 -
Taxation and social security costs 10,439 10,922
Other creditors 1,050 1,050
11,494 11,972
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,000 15,600
8 Other information
Ashley Bryant Brickworks Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Maytree Avenue
Headley Park
Bristol
BS13 7PF
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