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REGISTERED NUMBER: 06503774 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2023

for

Bramleys Greengrocers Limited

Bramleys Greengrocers Limited (Registered number: 06503774)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Bramleys Greengrocers Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R J Butt
Mrs J M Butt
J R Butt





SECRETARY: Mrs J M Butt





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 06503774 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Bramleys Greengrocers Limited

Report of the Accountants to the Directors of
Bramleys Greengrocers 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 Balance Sheet. 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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


21 August 2023

Bramleys Greengrocers Limited (Registered number: 06503774)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 349,928 248,555
349,928 248,555

CURRENT ASSETS
Stocks 355,259 223,065
Debtors 6 1,021,951 836,899
Cash at bank and in hand 111,905 75,174
1,489,115 1,135,138
CREDITORS
Amounts falling due within one year 7 936,309 685,819
NET CURRENT ASSETS 552,806 449,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,734

697,874

CREDITORS
Amounts falling due after more than
one year

8

(327,066

)

(309,046

)

PROVISIONS FOR LIABILITIES (85,300 ) (46,508 )
NET ASSETS 490,368 342,320

Bramleys Greengrocers Limited (Registered number: 06503774)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 489,368 341,320
SHAREHOLDERS' FUNDS 490,368 342,320

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 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.

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 21 August 2023 and were signed on its behalf by:




R J Butt - Director Mrs J M Butt - Director




J R Butt - Director


Bramleys Greengrocers Limited (Registered number: 06503774)

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


1. STATUTORY INFORMATION

Bramleys Greengrocers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of ten years. Goodwill is now fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance and 10% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
The company has taken advantage of the government's CBLIS Loan Facility. The grant element relates to interest costs being covered for the first 12 months of the loan term. The income has been recognised on a systematic basis over periods in which the entity recognises the related costs for which the grant is intended to compensate.

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


Bramleys Greengrocers Limited (Registered number: 06503774)

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


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 150,000
AMORTISATION
At 1 April 2022
and 31 March 2023 150,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Bramleys Greengrocers Limited (Registered number: 06503774)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 371,657
Additions 198,521
Disposals (6,688 )
At 31 March 2023 563,490
DEPRECIATION
At 1 April 2022 123,102
Charge for year 92,906
Eliminated on disposal (2,446 )
At 31 March 2023 213,562
NET BOOK VALUE
At 31 March 2023 349,928
At 31 March 2022 248,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 540,075 383,433
Other debtors 481,876 453,466
1,021,951 836,899

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 74,278 72,937
Hire purchase contracts (see note 9) 66,073 33,975
Trade creditors 665,562 466,684
Taxation and social security 97,171 53,206
Other creditors 33,225 59,017
936,309 685,819

Bramleys Greengrocers Limited (Registered number: 06503774)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 146,152 223,219
Hire purchase contracts (see note 9) 180,914 85,827
327,066 309,046

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 1 yr 146,152 223,219

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 66,073 33,975
Between one and five years 180,914 85,827
246,987 119,802

Non-cancellable operating leases
2023 2022
£    £   
Within one year 32,000 32,000
Between one and five years 49,079 81,078
81,079 113,078

Bramleys Greengrocers Limited (Registered number: 06503774)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
R J Butt and Mrs J M Butt
Balance outstanding at start of year 285,795 261,326
Amounts advanced 8,130 24,469
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 293,925 285,795

J R Butt
Balance outstanding at start of year 27,629 12,337
Amounts advanced - 15,292
Amounts repaid (2,117 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,512 27,629

During the year interest was charged at HMRC's official rate of 2% (2022 - 2 %).