Company Registration No. 04676282 (England and Wales)
Brackenber Ltd
Unaudited accounts
for the year ended 28 February 2023
Brackenber Ltd
Unaudited accounts
Contents
Brackenber Ltd
Company Information
for the year ended 28 February 2023
Director
Mr Jonathan Chappell
Secretary
Mrs Irene Chappell
Company Number
04676282 (England and Wales)
Registered Office
BRACKENBER
NEWBIGGIN ON LUNE
KIRKBY STEPHEN
CUMBRIA
CA17 4ND
Accountants
SJS Accountancy
Burnfoot House
Hexham Business Park
Hexham
Northumberland
NE46 3RU
Brackenber Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
22,962
25,665
Cash at bank and in hand
8,684
612
Creditors: amounts falling due within one year
(8,831)
(19,373)
Net current assets/(liabilities)
11,110
(14,285)
Total assets less current liabilities
34,072
11,380
Provisions for liabilities
Deferred tax
(6,348)
(6,862)
Called up share capital
1
1
Profit and loss account
27,723
4,517
Shareholders' funds
27,724
4,518
For the year ending 28 February 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 his 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 27 November 2023 and were signed on its behalf by
Mr Jonathan Chappell
Director
Company Registration No. 04676282
Brackenber Ltd
Notes to the Accounts
for the year ended 28 February 2023
Brackenber Ltd is a private company, limited by shares, registered in England and Wales, registration number 04676282. The registered office is BRACKENBER, NEWBIGGIN ON LUNE, KIRKBY STEPHEN, CUMBRIA, CA17 4ND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Brackenber Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
73,637
16,485
90,122
At 28 February 2023
81,522
16,485
98,007
At 1 March 2022
50,907
13,550
64,457
Charge for the year
7,653
732
8,385
On disposals
-
2,203
2,203
At 28 February 2023
58,560
16,485
75,045
At 28 February 2023
22,962
-
22,962
At 28 February 2022
22,730
2,935
25,665
Amounts falling due within one year
Accrued income and prepayments
-
480
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
520
-
Loans from directors
958
18,852
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
2023
(18,852)
-
(17,894)
(958)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).