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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
Page
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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
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BRUNT & FUSSELL LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,452 
Tangible assets
27,023 
44,339 
27,023 
46,791 
Current assets
Debtors
15,483 
16,728 
Cash at bank and in hand
102,388 
140,115 
117,871 
156,843 
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)
Net assets
22,923 
75,474 
Capital and reserves
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
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BRUNT & FUSSELL LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts 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 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.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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 taxation
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.
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BRUNT & FUSSELL LTD Notes to the Accounts for the year ended 31 August 2023
Leased assets
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.
Pension costs
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
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 
£ 
Cost
At 1 September 2022
24,511 
At 31 August 2023
24,511 
Amortisation
At 1 September 2022
22,059 
Charge for the year
2,452 
At 31 August 2023
24,511 
Net book value
At 31 August 2023
- 
At 31 August 2022
2,452 
Goodwill is being written off in equal annual installments over it's estimated economic life of 10 years.
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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 
Depreciation
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 
Net book value
At 31 August 2023
6,540 
18,419 
2,064 
27,023 
At 31 August 2022
7,517 
34,155 
2,667 
44,339 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
18,419 
24,558 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,571 
11,940 
Accrued income and prepayments
5,912 
4,788 
15,483 
16,728 
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 
Accruals
7,583 
3,589 
92,875 
71,741 
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.
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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 
£ 
£ 
Bank loans
23,842 
27,500 
Obligations under finance leases and hire purchase contracts
- 
23,153 
23,842 
50,653 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
5,269 
5,780 
Other deferred taxation
(15)
(14)
5,254 
5,766 
2023 
2022 
£ 
£ 
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 
10
Share capital
2023 
2022 
£ 
£ 
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 
22,680 
8,558 
12
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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