Brothers Builders Limited |
Registered Number:06101057 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Brothers Builders Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Brothers Builders Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
20,066
25,560
2
20,066
25,560
17,295
5,275
3
Trade and other receivables |
38,433
62,851
4
188,745
Cash and cash equivalents |
50,501
118,627
244,473
Trade and other payables: amounts falling due within one |
year |
(74,262)
(13,471)
5
170,211
105,156
Net current assets
Total assets less current liabilities |
125,222
195,771
125,222
Net assets
195,771
100
100
125,122
195,671
125,222
195,771
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Buta Singh Nijjar Director |
These financial statements were approved and authorised for issue by the Board on 10 December 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Brothers Builders Limited
Notes to the Financial Statements
Statutory Information
Brothers Builders Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06101057. |
18 Abercorn Gardens
Romford
Essex
RM6 4SX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 28 February 2023
Brothers Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
55,501
3,009
29,667
22,825
22,825
29,667
3,009
55,501
Provision for depreciation and impairment |
29,941
1,848
13,067
15,026
Charge for year
5,494
174
4,150
1,170
35,435
2,022
17,217
16,196
6,629
12,450
987
20,066
7,799
16,600
1,161
25,560
2022
2023
5,275
17,295
4. Trade and other receivables |
2022
2023
35,713
7,500
27,138
30,933
38,433
62,851
5. Trade and other payables: amounts falling due within one year |
2022
2023
2,296
44,715
Taxation and social security |
-
8,046
11,175
21,501
13,471
74,262
6. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 6)
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