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
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
Brazier & Co Ltd
Statement of financial position
as at 6 April 2023
Tangible assets
88,459
7,492
Cash at bank and in hand
127,403
8,451
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)
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
Brazier & Co Ltd
Notes to the Accounts
for the period from 1 April 2022 to 6 April 2023
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods delivered during the period excluding Value Added Tax.
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 tax is recognised, without discounting, in respect of all timing differences that have originated but not reversed at the balance sheet date.
Expenditure on research and development is charged to the profit and loss in the year in which it is incurred.
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.
Brazier & Co Ltd
Notes to the Accounts
for the period from 1 April 2022 to 6 April 2023
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.
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.
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
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
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
At 6 April 2023
2,531
85,928
88,459
At 31 March 2022
693
6,799
7,492
Brazier & Co Ltd
Notes to the Accounts
for the period from 1 April 2022 to 6 April 2023
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
114,111
174,852
Accrued income and prepayments
30,924
27,941
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
Loans from directors
72,534
82,426
Deferred income
56,576
44,613
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
49,915
-
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
-
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
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).