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Company Registration No. 06580776 (England and Wales)
Brazier & Co Ltd Unaudited accounts for the period from 1 April 2022 to 6 April 2023
Brazier & Co Ltd Unaudited accounts Contents
Page
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Brazier & Co Ltd Company Information for the period from 1 April 2022 to 6 April 2023
Directors
M J Brazier K V F Brazier
Company Number
06580776 (England and Wales)
Registered Office
Rendlesham, Commons Lane Ringmore Shaldon Devon TQ14 0HN
Accountants
Yannons Chartered Accountants The Gallery New Quay Street Teignmouth Devon TQ14 8DA
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Brazier & Co Ltd Statement of financial position as at 6 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
88,459 
7,492 
Current assets
Inventories
30,971 
8,308 
Debtors
151,355 
209,434 
Cash at bank and in hand
127,403 
8,451 
309,729 
226,193 
Creditors: amounts falling due within one year
(224,371)
(211,228)
Net current assets
85,358 
14,965 
Total assets less current liabilities
173,817 
22,457 
Creditors: amounts falling due after more than one year
(49,915)
- 
Provisions for liabilities
Deferred tax
(16,807)
(1,424)
Net assets
107,095 
21,033 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
107,093 
21,031 
Shareholders' funds
107,095 
21,033 
For the period ending 6 April 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 directors acknowledge their 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 of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
M J Brazier Director Company Registration No. 06580776
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Brazier & Co Ltd Notes to the Accounts for the period from 1 April 2022 to 6 April 2023
1
Statutory information
Brazier & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 06580776. The registered office is Rendlesham, Commons Lane, Ringmore, Shaldon, Devon, TQ14 0HN.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net invoiced sales of goods delivered during the period excluding Value Added Tax.
Goodwill
Goodwill, represents the amount paid in connection with the acquisition of a business in 2008. Amortisation is provided so as to write off the cost, less any estimated residual value, over the expected useful economic life of 10 years.
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 % On cost
Motor vehicles
25% Reducing balance
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving items.
Deferred taxation
Deferred tax is recognised, without discounting, in respect of all timing differences that have originated but not reversed at the balance sheet date.
Research and development
Expenditure on research and development is charged to the profit and loss in the year in which it is incurred.
Foreign exchange
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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Brazier & Co Ltd Notes to the Accounts for the period from 1 April 2022 to 6 April 2023
Pension costs
The company makes contributions to employee pension schemes. Contributions payable are recognised in the profit and loss account when they become due in accordance with contractual arrangements.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Comparative period
The comparative period was for the year to 31 March 2022. The accounting period end has been extended to 6 April 2023 so this period is not directly comparable with the previous 12 month period.
Ordinary share conversion
On 22 December 2022 the company converted its 2 £1 Ordinary shares in to 200 £0.01 Ordinary shares.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
25,000 
At 6 April 2023
25,000 
Amortisation
At 1 April 2022
25,000 
At 6 April 2023
25,000 
Net book value
At 6 April 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
11,711 
12,087 
23,798 
Additions
2,530 
80,829 
83,359 
Disposals
(4,506)
- 
(4,506)
At 6 April 2023
9,735 
92,916 
102,651 
Depreciation
At 1 April 2022
11,018 
5,288 
16,306 
Charge for the period
692 
1,700 
2,392 
On disposals
(4,506)
- 
(4,506)
At 6 April 2023
7,204 
6,988 
14,192 
Net book value
At 6 April 2023
2,531 
85,928 
88,459 
At 31 March 2022
693 
6,799 
7,492 
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Brazier & Co Ltd Notes to the Accounts for the period from 1 April 2022 to 6 April 2023
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
80,829 
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
114,111 
174,852 
Accrued income and prepayments
30,924 
27,941 
Other debtors
6,320 
6,641 
151,355 
209,434 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
21,349 
- 
Trade creditors
9,971 
12,856 
Taxes and social security
59,665 
61,007 
Other creditors
1,189 
942 
Loans from directors
72,534 
82,426 
Accruals
3,087 
9,384 
Deferred income
56,576 
44,613 
224,371 
211,228 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
49,915 
- 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £0.01 each
2.00 
2.00 
1 Ordinary A of £0.01 each
0.01 
- 
1 Ordinary B of £0.01 each
0.01 
- 
1 Ordinary C of £0.01 each
0.01 
- 
1 Ordinary D of £0.01 each
0.01 
- 
2.04 
2.00 
Shares issued during the period:
1 Ordinary A of £0.01 each
0.01 
1 Ordinary B of £0.01 each
0.01 
1 Ordinary C of £0.01 each
0.01 
1 Ordinary D of £0.01 each
0.01 
0.04 
- 7 -
Brazier & Co Ltd Notes to the Accounts for the period from 1 April 2022 to 6 April 2023
10
Average number of employees
During the period the average number of employees was 4 (2022: 4).
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