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REGISTERED NUMBER: 05327141 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Brian Binfield Limited

Brian Binfield Limited (Registered number: 05327141)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brian Binfield Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B Binfield





REGISTERED OFFICE: 15 Guildford Road
Farnham
GU9 9PU





REGISTERED NUMBER: 05327141 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Brian Binfield Limited (Registered number: 05327141)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,102 -

CURRENT ASSETS
Debtors 5 6,912 18,623
Cash at bank 131 9,580
7,043 28,203
CREDITORS
Amounts falling due within one year 6 (13,776 ) (13,338 )
NET CURRENT (LIABILITIES)/ASSETS (6,733 ) 14,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,369

14,865

CREDITORS
Amounts falling due after more than one year 7 - (10,647 )

PROVISIONS FOR LIABILITIES - (3,614 )
NET ASSETS 3,369 604

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,369 (396 )
SHAREHOLDERS' FUNDS 3,369 604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Brian Binfield Limited (Registered number: 05327141)

Balance Sheet - continued
31 March 2023


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 22 September 2023 and were signed by:





B Binfield - Director


Brian Binfield Limited (Registered number: 05327141)

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

1. STATUTORY INFORMATION

Brian Binfield Limited 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost

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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Brian Binfield Limited (Registered number: 05327141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 26,441
Additions 13,470
Disposals (25,360 )
At 31 March 2023 14,551
DEPRECIATION
At 1 April 2022 26,441
Charge for year 3,368
Eliminated on disposal (25,360 )
At 31 March 2023 4,449
NET BOOK VALUE
At 31 March 2023 10,102

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 25,360
Disposals (25,360 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 25,360
Eliminated on disposal (25,360 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Brian Binfield Limited (Registered number: 05327141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
S455 tax recievable 6,912 6,912
Directors' current accounts - 11,711
6,912 18,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,569
Trade creditors 1,645 -
Tax 6,925 8,290
PAYE/NI liability 1,606 458
Directors' current accounts 3,528 -
Accruals and deferred income 72 1,021
13,776 13,338

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 10,647

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Binfield.