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REGISTERED NUMBER: 01273688 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Brocol Engineers Supplies Limited

Brocol Engineers Supplies Limited (Registered number: 01273688)






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


Brocol Engineers Supplies Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Frost
M Frost





REGISTERED OFFICE: 58 Hotchkiss Way
Binley Industrial Estate
Coventry
CV3 2RL





REGISTERED NUMBER: 01273688 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Brocol Engineers Supplies Limited (Registered number: 01273688)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 181 191
Tangible assets 5 73,800 45,668
73,981 45,859

CURRENT ASSETS
Stocks 7,800 16,500
Debtors 6 233,895 178,021
Cash at bank and in hand 83,538 95,323
325,233 289,844
CREDITORS
Amounts falling due within one year 7 114,609 77,488
NET CURRENT ASSETS 210,624 212,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,605

258,215

CREDITORS
Amounts falling due after more than one
year

8

(49,345

)

(51,494

)

PROVISIONS FOR LIABILITIES (18,450 ) (8,677 )
NET ASSETS 216,810 198,044

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 216,760 197,994
216,810 198,044

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.

Brocol Engineers Supplies Limited (Registered number: 01273688)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





J Frost - Director


Brocol Engineers Supplies Limited (Registered number: 01273688)

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

1. STATUTORY INFORMATION

Brocol Engineers Supplies 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised on a 5% reducing balance method over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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.
Short leasehold - Straight line over 3 years
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


Brocol Engineers Supplies Limited (Registered number: 01273688)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,915
AMORTISATION
At 1 January 2023 8,724
Amortisation for year 10
At 31 December 2023 8,734
NET BOOK VALUE
At 31 December 2023 181
At 31 December 2022 191

Brocol Engineers Supplies Limited (Registered number: 01273688)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 1,003 15,893 9,715
Additions - - -
Disposals - - -
At 31 December 2023 1,003 15,893 9,715
DEPRECIATION
At 1 January 2023 1,003 14,652 8,358
Charge for year - 124 136
Eliminated on disposal - - -
At 31 December 2023 1,003 14,776 8,494
NET BOOK VALUE
At 31 December 2023 - 1,117 1,221
At 31 December 2022 - 1,241 1,357

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 73,513 15,800 115,924
Additions 50,707 - 50,707
Disposals (10,578 ) - (10,578 )
At 31 December 2023 113,642 15,800 156,053
DEPRECIATION
At 1 January 2023 32,777 13,466 70,256
Charge for year 17,751 1,217 19,228
Eliminated on disposal (7,231 ) - (7,231 )
At 31 December 2023 43,297 14,683 82,253
NET BOOK VALUE
At 31 December 2023 70,345 1,117 73,800
At 31 December 2022 40,736 2,334 45,668

Brocol Engineers Supplies Limited (Registered number: 01273688)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 61,668
Additions 26,499
Disposals (10,578 )
At 31 December 2023 77,589
DEPRECIATION
At 1 January 2023 21,599
Charge for year 13,045
Eliminated on disposal (7,231 )
At 31 December 2023 27,413
NET BOOK VALUE
At 31 December 2023 50,176
At 31 December 2022 40,069

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 133,518 81,463
Amounts owed by group undertakings 96,384 93,343
Other debtors 3,993 3,215
233,895 178,021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,657 10,404
Hire purchase contracts 14,160 11,312
Trade creditors 50,926 18,525
Taxation and social security 33,636 31,272
Other creditors 5,230 5,975
114,609 77,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,346 24,599
Hire purchase contracts 34,999 26,895
49,345 51,494

Brocol Engineers Supplies Limited (Registered number: 01273688)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount due to the directors of £261 (2022: £261). This amount is interest free and has no set terms of repayment.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Frost by virtue of their 100% shareholding in the parent company JMS Holdings Limited.