Registered number
07683734
Braerathy Limited
Filleted Accounts
31 May 2023
Braerathy Limited
Registered number: 07683734
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 176,069 168,416
Current assets
Debtors 4 6,357 -
Cash at bank and in hand 206,656 362,355
213,013 362,355
Creditors: amounts falling due within one year 5 (71,882) (165,485)
Net current assets 141,131 196,870
Net assets 317,200 365,286
Capital and reserves
Called up share capital 1 1
Profit and loss account 317,199 365,285
Shareholder's funds 317,200 365,286
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 member has 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.
…………………………………………..
M Kelly
Director
Approved by the board on 21 February 2024
Braerathy Limited
Notes to the Accounts
for the year ended 31 May 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.
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.
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:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2022 165,388 4,756 15,120 185,264
Additions - 11,213 - 11,213
At 31 May 2023 165,388 15,969 15,120 196,477
Depreciation
At 1 June 2022 - 3,858 12,990 16,848
Charge for the year - 3,028 532 3,560
At 31 May 2023 - 6,886 13,522 20,408
Net book value
At 31 May 2023 165,388 9,083 1,598 176,069
At 31 May 2022 165,388 898 2,130 168,416
4 Debtors 2023 2022
£ £
Corporation tax 6,357 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax - 66,464
Director's account 70,246 97,386
Other creditors 1,636 1,635
71,882 165,485
6 Other information
Braerathy Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 The Croft
Liscombe Park
Soulbury
Leighton Buzzard
LU7 0GU
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