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REGISTERED NUMBER: 04495529 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BROOKESON MATERIAL HANDLING LIMITED

BROOKESON MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04495529)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BROOKESON MATERIAL HANDLING LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: I D Brookes





SECRETARY: Mrs J K Brookes





REGISTERED OFFICE: 129 Sydenham Road
Sparkbrook
BIRMINGHAM
B11 1DP





REGISTERED NUMBER: 04495529 (England and Wales)





AUDITORS: Flint & Thompson
Statutory Auditors
2 Manor Square
Solihull
West Midlands
B91 3PX

BROOKESON MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04495529)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,287 66,914

CURRENT ASSETS
Stocks 103,837 163,844
Debtors 5 321,112 422,738
Cash at bank 175,469 91,789
600,418 678,371
CREDITORS
Amounts falling due within one year 6 271,264 339,981
NET CURRENT ASSETS 329,154 338,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,441

405,304

CREDITORS
Amounts falling due after more than one
year

7

(20,000

)

(30,000

)

PROVISIONS FOR LIABILITIES (6,852 ) (8,492 )
NET ASSETS 356,589 366,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 356,489 366,712
SHAREHOLDERS' FUNDS 356,589 366,812

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 director and authorised for issue on 15 March 2024 and were signed by:





I D Brookes - Director


BROOKESON MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04495529)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Brookeson Material Handling 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
Tangible fixed assets are recognised initially at cost.

Depreciation is provided at the following annual rates in order to write off 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-20% per annum of net book value
Fixture and fittings-15% per annum of net book value
Motor vehicles-25% per annum of net book value
Computer equipment- 50% per annum of cost

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.

BROOKESON MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04495529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 419,258 24,677 32,595 72,464 548,994
Additions 6,257 1,742 - - 7,999
Disposals - - (18,000 ) - (18,000 )
At 30 June 2023 425,515 26,419 14,595 72,464 538,993
DEPRECIATION
At 1 July 2022 368,752 17,229 30,411 65,688 482,080
Charge for year 11,053 1,237 377 6,776 19,443
Eliminated on disposal - - (16,817 ) - (16,817 )
At 30 June 2023 379,805 18,466 13,971 72,464 484,706
NET BOOK VALUE
At 30 June 2023 45,710 7,953 624 - 54,287
At 30 June 2022 50,506 7,448 2,184 6,776 66,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 258,496 307,523
Other debtors 62,616 115,215
321,112 422,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 124,092 179,497
Taxation and social security 63,595 94,277
Other creditors 73,577 56,207
271,264 339,981

BROOKESON MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04495529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 30,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Georgiades (Senior Statutory Auditor)
for and on behalf of Flint & Thompson

9. RELATED PARTY DISCLOSURES

At the year end the company owed £6,414 (2022 - £7,200) to Clockland Limited, a company which is controlled by DW Brookes, the father of the director ID Brookes:

At the year end the company was owed £18,022 (2022 - £17,330) from Static Investments, a partnership in which the director ID Brookes is a partner.

10. CONTROLLING PARTY

There is no overall controlling party.