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REGISTERED NUMBER: 09864034 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ADDED BRASS LIMITED

ADDED BRASS LIMITED (REGISTERED NUMBER: 09864034)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADDED BRASS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: B Yates
Mrs S Yates





REGISTERED OFFICE: 11 Penryn Way
Meadowfield
Co. Durham
DH7 8UU





REGISTERED NUMBER: 09864034 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

ADDED BRASS LIMITED (REGISTERED NUMBER: 09864034)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,135 1,590

CURRENT ASSETS
Stocks 36,724 44,938
Debtors 5 2,650 9,714
Cash at bank and in hand 8,493 5,309
47,867 59,961
CREDITORS
Amounts falling due within one year 6 31,387 34,709
NET CURRENT ASSETS 16,480 25,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,615

26,842

CREDITORS
Amounts falling due after more than one
year

7

6,767

9,567
NET ASSETS 11,848 17,275

CAPITAL AND RESERVES
Called up share capital 42,200 42,200
Retained earnings (30,352 ) (24,925 )
11,848 17,275

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

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

ADDED BRASS LIMITED (REGISTERED NUMBER: 09864034)

Balance Sheet - continued
31 December 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 4 March 2024 and were signed on its behalf by:




B Yates - Director



Mrs S Yates - Director


ADDED BRASS LIMITED (REGISTERED NUMBER: 09864034)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Added Brass 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

ADDED BRASS LIMITED (REGISTERED NUMBER: 09864034)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 929 946 1,627 3,502
Additions - 1,125 - 1,125
At 31 December 2023 929 2,071 1,627 4,627
DEPRECIATION
At 1 January 2023 578 558 776 1,912
Charge for year 53 222 305 580
At 31 December 2023 631 780 1,081 2,492
NET BOOK VALUE
At 31 December 2023 298 1,291 546 2,135
At 31 December 2022 351 388 851 1,590

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,723 8,731
Other debtors 927 983
2,650 9,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,300 6,008
Taxation and social security 349 2,464
Other creditors 28,738 26,237
31,387 34,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 6,767 9,567