2 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 11,000 8,800 1,100 9,900 1,100 2,200 xbrli:pure xbrli:shares iso4217:GBP 09085039 2022-08-01 2023-07-31 09085039 2023-07-31 09085039 2022-07-31 09085039 2021-08-01 2022-07-31 09085039 2022-07-31 09085039 core:NetGoodwill 2022-08-01 2023-07-31 09085039 bus:Director1 2022-08-01 2023-07-31 09085039 core:NetGoodwill 2022-07-31 09085039 core:NetGoodwill 2023-07-31 09085039 core:WithinOneYear 2023-07-31 09085039 core:WithinOneYear 2022-07-31 09085039 core:ShareCapital 2023-07-31 09085039 core:ShareCapital 2022-07-31 09085039 core:RetainedEarningsAccumulatedLosses 2023-07-31 09085039 core:RetainedEarningsAccumulatedLosses 2022-07-31 09085039 core:NetGoodwill 2022-07-31 09085039 bus:SmallEntities 2022-08-01 2023-07-31 09085039 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09085039 bus:FullAccounts 2022-08-01 2023-07-31 09085039 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09085039 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
B R C Training Limited
Unaudited financial statements
31 July 2023
Company Registration Number 09085039
B R C Training Limited
Financial statements
year ended 31 July 2023
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 5
B R C Training Limited
Balance sheet
31 July 2023
2022
Note
£
£
Fixed assets
Intangible assets
4
1,100
2,200
Current assets
Debtors
5
69,087
69,459
Cash at bank and in hand
8,731
33,489
--------
---------
77,818
102,948
Creditors: amounts falling due within one year
6
( 10,405)
( 17,868)
--------
---------
Net current assets
67,413
85,080
--------
--------
Total assets less current liabilities
68,513
87,280
--------
--------
Net assets
68,513
87,280
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
68,413
87,180
--------
--------
Shareholders funds
68,513
87,280
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account and director's report have not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
B R C Training Limited
Balance sheet (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 24 January 2024 , and are signed on behalf of the board by:
Mr M F Jackson
Director
Company registration number: 09085039
B R C Training Limited
Notes to the financial statements
year ended 31 July 2023
1. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
4. Intangible assets
Goodwill
Cost
At 1 Aug 2022 and 31 Jul 2023
11,000
--------
Amortisation
At 1 August 2022
8,800
Charge for the year
1,100
--------
At 31 July 2023
9,900
--------
Carrying amount
At 31 July 2023
1,100
--------
At 31 July 2022
2,200
--------
5. Debtors
2023
2022
£
£
Trade debtors
372
Other debtors
69,087
69,087
--------
--------
69,087
69,459
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
548
6,959
Social security and other taxes
7,581
8,683
Other creditors
2,276
2,226
--------
--------
10,405
17,868
--------
--------
7. Related party transactions
The company was under the control of Mr M F Jackson throughout the current year. Mr Jackson is the managing director and together with his wife ownes all the share capital. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
8. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 The Wharf, Shardlow, Derby, DE72 2HG, Derbyshire.