Registered number
01758910
Bryan James & Co Limited
Filleted Accounts
30 June 2023
Bryan James & Co Limited
Registered number: 01758910
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 66,167 96,965
Tangible assets 4 396,005 395,742
462,172 492,707
Current assets
Debtors 5 305,879 371,713
Cash at bank and in hand 221,626 115,776
527,505 487,489
Creditors: amounts falling due within one year 6 (825,781) (747,590)
Net current liabilities (298,276) (260,101)
Total assets less current liabilities 163,896 232,606
Creditors: amounts falling due after more than one year 7 (68,750) (106,250)
Net assets 95,146 126,356
Capital and reserves
Called up share capital 389,157 389,157
Revaluation reserve 8 166,946 166,946
Profit and loss account (460,957) (429,747)
Shareholders' funds 95,146 126,356
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J S Beeston
Director
Approved by the board on 10 August 2023
Bryan James & Co Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings no depreciation is provided
Furniture and equipment 20% reducing balance
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 31 34
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 1,065,500
At 30 June 2023 1,065,500
Amortisation
At 1 July 2022 968,535
Provided during the year 30,798
At 30 June 2023 999,333
Net book value
At 30 June 2023 66,167
At 30 June 2022 96,965
Goodwill is being written off over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Furniture & equipment Total
£ £ £
Cost
At 1 July 2022 375,000 228,874 603,874
Additions - 5,514 5,514
At 30 June 2023 375,000 234,388 609,388
Depreciation
At 1 July 2022 - 208,132 208,132
Charge for the year - 5,251 5,251
At 30 June 2023 - 213,383 213,383
Net book value
At 30 June 2023 375,000 21,005 396,005
At 30 June 2022 375,000 20,742 395,742
Freehold land and buildings: 2023 2022
£ £
Historical cost 208,054 208,054
Cumulative depreciation based on historical cost - -
208,054 208,054
The freehold property was revalued professionally during the year ended 30 June 2016.
5 Debtors 2023 2022
£ £
Trade debtors 238,604 303,700
Other debtors 67,275 68,013
305,879 371,713
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 37,500 37,500
Trade creditors 713,221 631,946
Taxation and social security costs 9,190 9,129
Other creditors 65,870 69,015
825,781 747,590
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 68,750 106,250
8 Revaluation reserve 2023 2022
£ £
At 1 July 2022 166,946 166,946
At 30 June 2023 166,946 166,946
9 Controlling party
The company was under no overall control during the year. All of the company's shares are owned by Mr J S Beeston and members of his family.
10 Other information
Bryan James & Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
312 High Street
Harlington
Hayes
Middlesex
UB3 5BT
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