IRIS Accounts Production v23.4.0.336 07709418 director 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077094182022-07-31077094182023-07-31077094182022-08-012023-07-31077094182021-07-31077094182021-08-012022-07-31077094182022-07-3107709418ns15:EnglandWales2022-08-012023-07-3107709418ns14:PoundSterling2022-08-012023-07-3107709418ns10:Director12022-08-012023-07-3107709418ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107709418ns10:SmallEntities2022-08-012023-07-3107709418ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107709418ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107709418ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107709418ns10:FullAccounts2022-08-012023-07-310770941812022-08-012023-07-3107709418ns10:RegisteredOffice2022-08-012023-07-3107709418ns5:CurrentFinancialInstruments2023-07-3107709418ns5:CurrentFinancialInstruments2022-07-3107709418ns5:ShareCapital2023-07-3107709418ns5:ShareCapital2022-07-3107709418ns5:RetainedEarningsAccumulatedLosses2023-07-3107709418ns5:RetainedEarningsAccumulatedLosses2022-07-3107709418ns5:NetGoodwill2022-08-012023-07-3107709418ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3107709418ns5:PlantMachinery2022-08-012023-07-3107709418ns5:ComputerEquipment2022-08-012023-07-3107709418ns5:NetGoodwill2022-07-3107709418ns5:NetGoodwill2023-07-3107709418ns5:NetGoodwill2022-07-3107709418ns5:PlantMachinery2022-07-3107709418ns5:ComputerEquipment2022-07-3107709418ns5:PlantMachinery2023-07-3107709418ns5:ComputerEquipment2023-07-3107709418ns5:PlantMachinery2022-07-3107709418ns5:ComputerEquipment2022-07-3107709418ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107709418ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 07709418 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

BRIAN TWEED & SON LIMITED

BRIAN TWEED & SON LIMITED (REGISTERED NUMBER: 07709418)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIAN TWEED & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M J Tweed





REGISTERED OFFICE: Kingsley House
47 Town Street
Upwell
Wisbech
Cambridgeshire
PE14 9DA





REGISTERED NUMBER: 07709418 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

BRIAN TWEED & SON LIMITED (REGISTERED NUMBER: 07709418)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,910
Tangible assets 5 - 7,339
- 12,249

CURRENT ASSETS
Stocks - 5,110
Debtors 6 4,753 7,488
Cash at bank 24,215 70,819
28,968 83,417
CREDITORS
Amounts falling due within one year 7 29,965 73,291
NET CURRENT (LIABILITIES)/ASSETS (997 ) 10,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

(997

)

22,375

PROVISIONS FOR LIABILITIES - 1,400
NET (LIABILITIES)/ASSETS (997 ) 20,975

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (1,297 ) 20,675
SHAREHOLDERS' FUNDS (997 ) 20,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRIAN TWEED & SON LIMITED (REGISTERED NUMBER: 07709418)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 8 March 2024 and were signed by:





M J Tweed - Director


BRIAN TWEED & SON LIMITED (REGISTERED NUMBER: 07709418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Brian Tweed & Son 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.

The company ceased to trade on 10 June 2023, and as such the director considers it inappropriate to prepare the financial statements on a going concern basis and therefore the director has prepared these financial statements on a break-up basis.

In adopting the break-up basis, at the year end, the following policies and procedures were implemented:

- All assets have been disclosed at values at which they are expected to be realised;
- All liabilities reflect the full amount at which they are expected to materialise, including any costs of early
settlement; and
- Any other costs associated with winding up the business are recognised.

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 2011, is being amortised evenly over its estimated useful life of ten years with effect from the 1 August 2015. Previously, amortisation was charged on the basis of an estimated useful life of twenty years.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

BRIAN TWEED & SON LIMITED (REGISTERED NUMBER: 07709418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022 20,224
Impairments (3,276 )
At 31 July 2023 16,948
AMORTISATION
At 1 August 2022 15,314
Charge for year 1,634
At 31 July 2023 16,948
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 4,910

BRIAN TWEED & SON LIMITED (REGISTERED NUMBER: 07709418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 17,232 1,468 18,700
Disposals (17,232 ) (1,468 ) (18,700 )
At 31 July 2023 - - -
DEPRECIATION
At 1 August 2022 10,681 680 11,361
Charge for year 1,638 197 1,835
Eliminated on disposal (12,319 ) (877 ) (13,196 )
At 31 July 2023 - - -
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 6,551 788 7,339

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,112 6,374
Other debtors 2,641 1,114
4,753 7,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 11,095
Taxation and social security 409 3,110
Other creditors 29,556 59,086
29,965 73,291