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REGISTERED NUMBER: 11383054 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Brackenbury Home Ltd

Brackenbury Home Ltd (Registered number: 11383054)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brackenbury Home Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J Young
M O Trott





REGISTERED OFFICE: Beacon Farm Buildings
Oxenwood
Marlborough
Wiltshire
SN8 3NQ





REGISTERED NUMBER: 11383054 (England and Wales)

Brackenbury Home Ltd (Registered number: 11383054)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,497 16,705

CURRENT ASSETS
Stocks 126,820 287,365
Debtors 5 406,655 194,962
Cash at bank and in hand 469,749 588,336
1,003,224 1,070,663
CREDITORS
Amounts falling due within one year 6 449,347 314,962
NET CURRENT ASSETS 553,877 755,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

618,374

772,406

PROVISIONS FOR LIABILITIES 8,170 2,352
NET ASSETS 610,204 770,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 610,104 769,954
610,204 770,054

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

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

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 29 January 2024 and were signed on its behalf by:




J Young - Director



M O Trott - Director


Brackenbury Home Ltd (Registered number: 11383054)

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

1. STATUTORY INFORMATION

Brackenbury Home Ltd 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 consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes. Turnover include revenue earned from the sale of goods and services.

Revenue from the sales of goods and services is recognised when all of the following conditions are satisfied:

- The company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- The company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over goods sold;
- The amount of revenue can be measured reliably and
- It is probable that the economic benefits associated with the transaction can be measured reliably.

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 - 25% on straight line basis
Fixtures and fittings - 25% on straight line basis
Motor vehicles - 25% on straight line basis
Computer equipment - 25% on straight line basis

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Brackenbury Home Ltd (Registered number: 11383054)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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
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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 22,213 2,567 16,746 5,069 46,595
Additions 749 3,279 68,357 2,241 74,626
Disposals - - (9,400 ) - (9,400 )
At 31 May 2023 22,962 5,846 75,703 7,310 111,821
DEPRECIATION
At 1 June 2022 10,730 2,567 12,609 3,984 29,890
Charge for year 5,741 820 18,926 1,347 26,834
Eliminated on disposal - - (9,400 ) - (9,400 )
At 31 May 2023 16,471 3,387 22,135 5,331 47,324
NET BOOK VALUE
At 31 May 2023 6,491 2,459 53,568 1,979 64,497
At 31 May 2022 11,483 - 4,137 1,085 16,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,553 1,518
Other debtors 112,199 32,998
Directors' current accounts 67,000 -
Prepayments and accrued income 171,903 160,446
406,655 194,962

Brackenbury Home Ltd (Registered number: 11383054)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 34,533 52,942
Tax 10,423 134,381
Social security and other taxes 4,497 3,625
VAT 60,086 9,099
Other creditors 5,777 3,296
Accruals and deferred income 334,031 111,619
449,347 314,962

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,334 22,334
Between one and five years 15,134 29,006
37,468 51,340

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
M O Trott
Balance outstanding at start of year - -
Amounts advanced 67,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,000 -

9. RELATED PARTY DISCLOSURES

During the year, advances of £79,714 (2022: £20,500) were made by Brackenbury Home Ltd to companies under common control. At the year end, the loan outstanding to the Company was £100,214 (2022: £20,500) These loans are interest free and repayable on demand.