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REGISTERED NUMBER: SC270566 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

BRIAN HENDRY INTERIORS LIMITED

BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BRIAN HENDRY INTERIORS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: B Hendry
Mrs S Hendry



SECRETARY: Mrs S Hendry



REGISTERED OFFICE: 3rd Floor
135 Wellington Street
Glasgow
G2 2XD



REGISTERED NUMBER: SC270566 (Scotland)



ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA



BANKERS: The Royal Bank of Scotland
Larkhall Branch
108 Union Street
Larkhall
ML9 1EG

BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,378 18,209

CURRENT ASSETS
Stocks 2,020 1,135
Debtors 6 176,744 55,586
Cash at bank 346,447 492,776
525,211 549,497
CREDITORS
Amounts falling due within one year 7 277,318 269,885
NET CURRENT ASSETS 247,893 279,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,271

297,821

CREDITORS
Amounts falling due after more than one
year

8

(20,964

)

(27,947

)

PROVISIONS FOR LIABILITIES (6,095 ) (3,460 )
NET ASSETS 245,212 266,414

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 244,212 265,414
SHAREHOLDERS' FUNDS 245,212 266,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)

Balance Sheet - continued
31 October 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 March 2024 and were signed on its behalf by:





B Hendry - Director


BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Brian Hendry Interiors Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover & revenue recognition
Turnover is derived from various activities performed by the company as a contractor involved in the installation of ceilings, partitions and other interior works.

Turnover is measured at the fair value of work done and services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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

Expenditure of £2,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

Stocks and long term contracts
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. The amount by which measured turnover exceeds the payments received to date on individual contracts is shown within debtors as amounts recoverable on contracts. Attributable profit is recognised as the difference between recorded turnover and related costs.


BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 97,313
Additions 18,443
Disposals (21,118 )
At 31 October 2023 94,638
DEPRECIATION
At 1 November 2022 79,104
Charge for year 12,274
Eliminated on disposal (21,118 )
At 31 October 2023 70,260
NET BOOK VALUE
At 31 October 2023 24,378
At 31 October 2022 18,209

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 19,550
Additions 18,443
At 31 October 2023 37,993
DEPRECIATION
At 1 November 2022 9,952
Charge for year 8,346
At 31 October 2023 18,298
NET BOOK VALUE
At 31 October 2023 19,695
At 31 October 2022 9,598

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,192 16,067
Amounts recoverable on contracts 137,290 24,814
Other debtors 35,262 14,705
176,744 55,586

BRIAN HENDRY INTERIORS LIMITED (REGISTERED NUMBER: SC270566)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,016 9,818
Hire purchase contracts 4,747 5,487
Trade creditors 176,185 121,825
Taxation and social security 56,792 99,329
Other creditors 29,578 33,426
277,318 269,885

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,543 26,576
Hire purchase contracts 4,421 1,371
20,964 27,947

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 26,559 36,394
Hire purchase contracts 9,168 6,858
35,727 43,252

Hire purchase contracts are secured against the assets to which they relate.

The overdraft facility is secured by a personal guarantee from the directors.

The bank loan is supported by 100% guarantee from the UK Government.

10. RELATED PARTY DISCLOSURES

The directors have advanced funds to the company. At the year end, the balance due to the directors was £204 (2022: £204). This balance is unsecured, interest free and has no fixed repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brian Hendry Interiors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brian Hendry Interiors Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Brian Hendry Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brian Hendry Interiors Limited and state those matters that we have agreed to state to the Board of Directors of Brian Hendry Interiors Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brian Hendry Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brian Hendry Interiors Limited. You consider that Brian Hendry Interiors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brian Hendry Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


13 March 2024