Company Registration No. 08623896 (England and Wales)
BRUNT & FUSSELL LTD
Unaudited accounts
for the year ended 31 August 2023
BRUNT & FUSSELL LTD
Unaudited accounts
Contents
BRUNT & FUSSELL LTD
Company Information
for the year ended 31 August 2023
Directors
J M Fussell
L Fussell
Company Number
08623896 (England and Wales)
Registered Office
141 HIGH STREET
STAPLE HILL
BRISTOL
BS16 5HQ
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
BRUNT & FUSSELL LTD
Statement of financial position
as at 31 August 2023
Tangible assets
27,023
44,339
Cash at bank and in hand
102,388
140,115
Creditors: amounts falling due within one year
(92,875)
(71,741)
Net current assets
24,996
85,102
Total assets less current liabilities
52,019
131,893
Creditors: amounts falling due after more than one year
(23,842)
(50,653)
Provisions for liabilities
Deferred tax
(5,254)
(5,766)
Called up share capital
10
10
Profit and loss account
22,913
75,464
Shareholders' funds
22,923
75,474
For the year ending 31 August 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 29 February 2024 and were signed on its behalf by
J M Fussell
Director
Company Registration No. 08623896
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2023
BRUNT & FUSSELL LTD is a private company, limited by shares, registered in England and Wales, registration number 08623896. The registered office is 141 HIGH STREET, STAPLE HILL, BRISTOL, BS16 5HQ.
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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation.
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% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Government grants in relation to covid assistance are credited to profit and loss using the accruals model and are recognised in Other operating income.
4
Intangible fixed assets
Goodwill
At 1 September 2022
24,511
At 1 September 2022
22,059
Goodwill is being written off in equal annual installments over it's estimated economic life of 10 years.
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
24,112
49,917
12,576
86,605
Additions
1,083
-
993
2,076
Disposals
-
(15,749)
-
(15,749)
At 31 August 2023
25,195
34,168
13,569
72,932
At 1 September 2022
16,595
15,762
9,909
42,266
Charge for the year
2,060
6,139
1,596
9,795
On disposals
-
(6,152)
-
(6,152)
At 31 August 2023
18,655
15,749
11,505
45,909
At 31 August 2023
6,540
18,419
2,064
27,023
At 31 August 2022
7,517
34,155
2,667
44,339
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
18,419
24,558
Amounts falling due within one year
Trade debtors
9,571
11,940
Accrued income and prepayments
5,912
4,788
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,146
10,000
Obligations under finance leases and hire purchase contracts
23,153
3,126
Trade creditors
5,058
3,707
Taxes and social security
35,710
40,314
Other creditors
6,802
4,615
Loans from directors
10,423
6,390
Included in other creditors and cash at bank and in hand is a balance of £6,627 (2022: £4,441) which relates to monies held on behalf of clients.
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
23,153
9
Deferred taxation
2023
2022
Accelerated capital allowances
5,269
5,780
Other deferred taxation
(15)
(14)
Provision at start of year
5,766
8,719
Credited to the profit and loss account
(512)
(2,953)
Provision at end of year
5,254
5,766
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
11
Operating lease commitments
2023
2022
At 31 August 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,936
3,401
Later than one year and not later than five years
14,744
5,157
12
Average number of employees
During the year the average number of employees was 5 (2022: 5).