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REGISTERED NUMBER: 09617348 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Minors & Brady Limited

Minors & Brady Limited (Registered number: 09617348)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Minors & Brady Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Brady
J Pedrosa Minors





SECRETARY:





REGISTERED OFFICE: Minors & Brady Limited
Church Road
Hoveton
Norfolk
NR12 8UG





REGISTERED NUMBER: 09617348 (England and Wales)






Minors & Brady Limited (Registered number: 09617348)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,791 152,750

CURRENT ASSETS
Debtors 5 369,681 248,464
Cash at bank and in hand 1,833,619 1,314,727
2,203,300 1,563,191
CREDITORS
Amounts falling due within one year 6 576,131 522,753
NET CURRENT ASSETS 1,627,169 1,040,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,960

1,193,188

CREDITORS
Amounts falling due after more than
one year

7

(58,593

)

(64,378

)

PROVISIONS FOR LIABILITIES (7,539 ) (2,742 )
NET ASSETS 1,717,828 1,126,068

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,717,826 1,126,066
SHAREHOLDERS' FUNDS 1,717,828 1,126,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Minors & Brady Limited (Registered number: 09617348)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:




J Pedrosa Minors - Director



A Brady - Director


Minors & Brady Limited (Registered number: 09617348)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Minors & Brady 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 25% on cost
Fixtures and Fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Minors & Brady Limited (Registered number: 09617348)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 68 (2022 - 64 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 126,633 80,270 206,903
Additions - 14,231 14,231
At 30 June 2023 126,633 94,501 221,134
DEPRECIATION
At 1 July 2022 - 54,153 54,153
Charge for year - 10,190 10,190
At 30 June 2023 - 64,343 64,343
NET BOOK VALUE
At 30 June 2023 126,633 30,158 156,791
At 30 June 2022 126,633 26,117 152,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 265,996 173,683
Other debtors 103,685 74,781
369,681 248,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,156 11,652
Taxation and social security 508,265 438,650
Other creditors 58,710 72,451
576,131 522,753

Minors & Brady Limited (Registered number: 09617348)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 58,593 64,378