Sussex Hand Made Brick Limited 05754773 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the manufacture of bricks, tiles and construction products, in baked clay Digita Accounts Production Advanced 6.30.9574.0 true true 05754773 2022-04-01 2023-03-31 05754773 2023-03-31 05754773 bus:OrdinaryShareClass1 2023-03-31 05754773 core:CurrentFinancialInstruments 2023-03-31 05754773 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05754773 core:FurnitureFittings 2023-03-31 05754773 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05754773 core:MotorVehicles 2023-03-31 05754773 core:PlantMachinery 2023-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-31 05754773 bus:SmallEntities 2022-04-01 2023-03-31 05754773 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05754773 bus:FullAccounts 2022-04-01 2023-03-31 05754773 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05754773 bus:RegisteredOffice 2022-04-01 2023-03-31 05754773 bus:CompanySecretary1 2022-04-01 2023-03-31 05754773 bus:Director1 2022-04-01 2023-03-31 05754773 bus:Director2 2022-04-01 2023-03-31 05754773 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05754773 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05754773 core:FurnitureFittings 2022-04-01 2023-03-31 05754773 core:LandBuildings 2022-04-01 2023-03-31 05754773 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05754773 core:MotorVehicles 2022-04-01 2023-03-31 05754773 core:PlantMachinery 2022-04-01 2023-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2022-04-01 2023-03-31 05754773 countries:AllCountries 2022-04-01 2023-03-31 05754773 2022-03-31 05754773 core:FurnitureFittings 2022-03-31 05754773 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 05754773 core:MotorVehicles 2022-03-31 05754773 core:PlantMachinery 2022-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 05754773 2021-04-01 2022-03-31 05754773 2022-03-31 05754773 bus:OrdinaryShareClass1 2022-03-31 05754773 core:CurrentFinancialInstruments 2022-03-31 05754773 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 05754773 core:FurnitureFittings 2022-03-31 05754773 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 05754773 core:MotorVehicles 2022-03-31 05754773 core:PlantMachinery 2022-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-04-01 2022-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2021-04-01 2022-03-31 05754773 2021-03-31 05754773 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05754773

Sussex Hand Made Brick Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Sussex Hand Made Brick Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Sussex Hand Made Brick Limited

Company Information

Directors

Mr Gordon Thomas Harrison

Mr Harry Thomas Harrison

Company secretary

Ms Claire Louise Clarke

Registered office

Monckton Manor
Chevet Lane
Notton
Wakefield
West Yorkshire
WF4 2PD

Accountants

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Sussex Hand Made Brick Limited

(Registration number: 05754773)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

781,054

803,514

Current assets

 

Stocks

5

35,776

17,125

Debtors

6

139,254

216,134

Cash at bank and in hand

 

3,360,059

3,072,862

 

3,535,089

3,306,121

Creditors: Amounts falling due within one year

7

(241,511)

(222,768)

Net current assets

 

3,293,578

3,083,353

Total assets less current liabilities

 

4,074,632

3,886,867

Provisions for liabilities

(11,735)

(11,735)

Net assets

 

4,062,897

3,875,132

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

4,062,896

3,875,131

Shareholders' funds

 

4,062,897

3,875,132

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2023 and signed on its behalf by:
 

 

Sussex Hand Made Brick Limited

(Registration number: 05754773)
Balance Sheet as at 31 March 2023

.........................................
Mr Gordon Thomas Harrison
Director

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Monckton Manor
Chevet Lane
Notton
Wakefield
West Yorkshire
WF4 2PD

These financial statements were authorised for issue by the Board on 26 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Over 50 years

Plant & Machinery

20% straight line

Fixtures & fittings

50% straight line

Motor vehicles

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2022 - 14).

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

687,410

6,816

247,718

57,637

999,581

Additions

-

538

14,155

3,270

17,963

At 31 March 2023

687,410

7,354

261,873

60,907

1,017,544

Depreciation

At 1 April 2022

3,415

5,082

186,609

961

196,067

Charge for the year

542

1,655

26,045

12,181

40,423

At 31 March 2023

3,957

6,737

212,654

13,142

236,490

Carrying amount

At 31 March 2023

683,453

617

49,219

47,765

781,054

At 31 March 2022

683,995

1,734

61,109

56,676

803,514

Included within the net book value of land and buildings above is £683,453 (2022 - £683,995) in respect of freehold land and buildings.
 

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Stocks

2023
£

2022
£

Other inventories

35,776

17,125

6

Debtors

2023
£

2022
£

Trade debtors

131,209

214,326

Other debtors

36

-

Prepayments

8,009

1,808

139,254

216,134

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

69,905

28,893

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

57

57

Taxation and social security

 

93,377

128,485

Accruals and deferred income

 

75,168

63,566

Other creditors

 

3,004

1,767

 

241,511

222,768

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

9

Dividends

10

Related party transactions

Income and receivables from related parties

2023

Entities with joint control or significant influence
£

Sale of goods

430

 

Sussex Hand Made Brick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2022

Entities with joint control or significant influence
£

Sale of goods

4,594

Expenditure with and payables to related parties

2023

Entities with joint control or significant influence
£

Purchase of goods

100,000

2022

Entities with joint control or significant influence
£

Purchase of goods

125,000

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

57

57

At end of period

57

57

2022

Entities with joint control or significant influence
£

Total
£

At start of period

14,634

14,634

Repaid

(14,577)

(14,577)

At end of period

57

57