Company Registration No. 12151725 (England and Wales)
MITCHELL BRENTNALL DESIGN LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
MITCHELL BRENTNALL DESIGN LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MITCHELL BRENTNALL DESIGN LTD
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,495
6,152
Current assets
Debtors
4
3,825
336
Cash at bank and in hand
32,160
14,254
35,985
14,590
Creditors: amounts falling due within one year
5
(10,400)
(4,138)
Net current assets
25,585
10,452
Total assets less current liabilities
34,080
16,604
Provisions for liabilities
(1,614)
(1,169)
Net assets
32,466
15,435
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
32,465
15,434
Total equity
32,466
15,435

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 24 February 2024
Mr M J W Brentnall
Director
Company Registration No. 12151725
MITCHELL BRENTNALL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information

Mitchell Brentnall Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Badgers Holt, Hunger Hill, Stonedge, Ashover, Derbyshire, S45 0LP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts and settlement discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Computers
33.3% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MITCHELL BRENTNALL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

 

Directors's loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

 

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MITCHELL BRENTNALL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 September 2022
493
9,591
10,084
Additions
-
0
5,298
5,298
At 31 August 2023
493
14,889
15,382
Depreciation and impairment
At 1 September 2022
193
3,739
3,932
Depreciation charged in the year
45
2,910
2,955
At 31 August 2023
238
6,649
6,887
Carrying amount
At 31 August 2023
255
8,240
8,495
At 31 August 2022
300
5,852
6,152
MITCHELL BRENTNALL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,139
-
0
Other debtors
686
336
3,825
336
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
7,621
2,121
Other creditors
2,779
2,017
10,400
4,138
2023-08-312022-09-01false24 February 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr M J W Brentnall121517252022-09-012023-08-31121517252023-08-31121517252022-08-3112151725core:FurnitureFittings2023-08-3112151725core:ComputerEquipment2023-08-3112151725core:FurnitureFittings2022-08-3112151725core:ComputerEquipment2022-08-3112151725core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3112151725core:CurrentFinancialInstrumentscore:WithinOneYear2022-08-3112151725core:CurrentFinancialInstruments2023-08-3112151725core:CurrentFinancialInstruments2022-08-3112151725core:ShareCapital2023-08-3112151725core:ShareCapital2022-08-3112151725core:RetainedEarningsAccumulatedLosses2023-08-3112151725core:RetainedEarningsAccumulatedLosses2022-08-3112151725bus:Director12022-09-012023-08-3112151725core:FurnitureFittings2022-09-012023-08-3112151725core:ComputerEquipment2022-09-012023-08-31121517252021-09-012022-08-3112151725core:FurnitureFittings2022-08-3112151725core:ComputerEquipment2022-08-31121517252022-08-3112151725core:WithinOneYear2023-08-3112151725core:WithinOneYear2022-08-3112151725bus:PrivateLimitedCompanyLtd2022-09-012023-08-3112151725bus:SmallCompaniesRegimeForAccounts2022-09-012023-08-3112151725bus:FRS1022022-09-012023-08-3112151725bus:AuditExemptWithAccountantsReport2022-09-012023-08-3112151725bus:FullAccounts2022-09-012023-08-31xbrli:purexbrli:sharesiso4217:GBP