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REGISTERED NUMBER: 00530769 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WM. M. BRIERS & SON
(TAMWORTH) LIMITED

WM. M. BRIERS & SON
(TAMWORTH) LIMITED (REGISTERED NUMBER: 00530769)

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


WM. M. BRIERS & SON
(TAMWORTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: E W Briers
J Rooke





SECRETARY: J Rooke





REGISTERED OFFICE: Anchor Sidings
Glascote Road
Tamworth
Staffordshire
B77 2AN





REGISTERED NUMBER: 00530769 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

WM. M. BRIERS & SON
(TAMWORTH) LIMITED (REGISTERED NUMBER: 00530769)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,774,172 2,103,535

CURRENT ASSETS
Stocks 23,136 22,497
Debtors 5 535,708 537,545
Cash at bank and in hand 4,589,681 3,399,036
5,148,525 3,959,078
CREDITORS
Amounts falling due within one year 6 912,114 642,052
NET CURRENT ASSETS 4,236,411 3,317,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,010,583

5,420,561

PROVISIONS FOR LIABILITIES 354,523 317,167
NET ASSETS 5,656,060 5,103,394

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 5,654,060 5,101,394
SHAREHOLDERS' FUNDS 5,656,060 5,103,394

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.

WM. M. BRIERS & SON
(TAMWORTH) LIMITED (REGISTERED NUMBER: 00530769)

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 8 March 2024 and were signed on its behalf by:





E W Briers - Director


WM. M. BRIERS & SON
(TAMWORTH) LIMITED (REGISTERED NUMBER: 00530769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Wm. M. Briers & Son (Tamworth) Limited is a private company, limited by shares , registered in England and Wales. 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements 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, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 10 years
Fixtures and fittings - Straight line over 10 years
Motor vehicles - Straight line over 10 years
Office equipment - Straight line over 20 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

WM. M. BRIERS & SON
(TAMWORTH) LIMITED (REGISTERED NUMBER: 00530769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 4,953,090 84,674 1,260,991 134,960 6,433,715
Additions 264,514 - - 7,124 271,638
Disposals (83,323 ) (16,194 ) (337,165 ) (32,450 ) (469,132 )
At 31 October 2023 5,134,281 68,480 923,826 109,634 6,236,221
DEPRECIATION
At 1 November 2022 3,305,393 77,445 855,259 92,083 4,330,180
Charge for year 447,501 4,209 64,659 18,421 534,790
Eliminated on disposal (83,323 ) (16,194 ) (271,300 ) (32,104 ) (402,921 )
At 31 October 2023 3,669,571 65,460 648,618 78,400 4,462,049
NET BOOK VALUE
At 31 October 2023 1,464,710 3,020 275,208 31,234 1,774,172
At 31 October 2022 1,647,697 7,229 405,732 42,877 2,103,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 447,377 444,366
Other debtors 88,331 93,179
535,708 537,545

WM. M. BRIERS & SON
(TAMWORTH) LIMITED (REGISTERED NUMBER: 00530769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 166,491 140,993
Taxation and social security 417,318 203,644
Other creditors 328,305 297,415
912,114 642,052

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 195,000 209,483
Between one and five years 146,250 341,250
341,250 550,733