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REGISTERED NUMBER: 00466874 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2023

for

J & L K Braybrooks Limited

J & L K Braybrooks Limited (Registered number: 00466874)

Contents of the Financial Statements
for the Year Ended 5 April 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


J & L K Braybrooks Limited

Company Information
for the Year Ended 5 April 2023







Directors: J B Drury
Mrs M Drury





Secretary: Mrs M Drury





Registered office: The Poplars
11 Drain Bank South
Cowbit
Spalding
Lincolnshire
PE12 6FR





Registered number: 00466874 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J & L K Braybrooks Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J & L K Braybrooks Limited for the year ended 5 April 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J & L K Braybrooks Limited, as a body, in accordance with the terms of our engagement letter dated 15 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of J & L K Braybrooks Limited and state those matters that we have agreed to state to the Board of Directors of J & L K Braybrooks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J & L K Braybrooks Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J & L K Braybrooks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J & L K Braybrooks Limited. You consider that J & L K Braybrooks Limited 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 financial statements of J & L K Braybrooks Limited. 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 financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


23 November 2023

J & L K Braybrooks Limited (Registered number: 00466874)

Statement of Financial Position
5 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 355,749 359,724
Investments 6 1 1
355,750 359,725

Current assets
Stocks 34,905 33,790
Debtors 7 70,934 72,354
Cash at bank 78,113 116,584
183,952 222,728
Creditors
Amounts falling due within one year 8 39,518 75,923
Net current assets 144,434 146,805
Total assets less current liabilities 500,184 506,530

Provisions for liabilities 4,264 5,019
Net assets 495,920 501,511

Capital and reserves
Called up share capital 9 8,000 8,000
Retained earnings 487,920 493,511
Shareholders' funds 495,920 501,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J & L K Braybrooks Limited (Registered number: 00466874)

Statement of Financial Position - continued
5 April 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:




Mrs M Drury - Director



J B Drury - Director


J & L K Braybrooks Limited (Registered number: 00466874)

Notes to the Financial Statements
for the Year Ended 5 April 2023


1. Statutory information

J & L K Braybrooks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Freehold property - 2% on a straight line basis
Plant and machinery - 15% on reducing balance
Equipment - 25% on a straight line basis and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

J & L K Braybrooks Limited (Registered number: 00466874)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023


4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

5. Tangible fixed assets
Freehold Plant and
property machinery Equipment Totals
£    £    £    £   
Cost
At 6 April 2022
and 5 April 2023 333,313 206,753 962 541,028
Depreciation
At 6 April 2022 - 180,734 570 181,304
Charge for year - 3,906 69 3,975
At 5 April 2023 - 184,640 639 185,279
Net book value
At 5 April 2023 333,313 22,113 323 355,749
At 5 April 2022 333,313 26,019 392 359,724

6. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 1 1

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 1,876
Other debtors 64,811 67,722
VAT 3,398 -
Prepayments and accrued income 2,725 2,756
70,934 72,354

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 70 91
Tax 6,598 21,352
VAT - 1,680
Directors' loan accounts 30,000 50,000
Accruals and deferred income 2,850 2,800
39,518 75,923

J & L K Braybrooks Limited (Registered number: 00466874)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8,000 Ordinary shares £1 8,000 8,000