Company registration number 06975162 (England and Wales)
Brian The Brush Ltd
Annual Report and Unaudited
Financial Statements
for the year ended 31 July 2023
PAGES FOR FILING WITH REGISTRAR
Brian The Brush Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Brian The Brush Ltd
Statement of financial position
as at 31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,448
1,836
Current assets
Debtors
20,752
17,415
Creditors: amounts falling due within one year
(21,236)
(18,823)
Net current liabilities
(484)
(1,408)
Total assets less current liabilities
964
428
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
864
328
Total equity
964
428
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 23 April 2024.
2024-04-23
B Scargill
Director
Company Registration No. 06975162
Brian The Brush Ltd
Notes to the Financial Statements
for the year ended 31 July 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for services provided in the normal course of business. Turnover is recognised on the provision of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% Reducing Balance
Fixtures, fittings & equipment
15% Reducing Balance
Computer equipment
33% Straight Line
Motor vehicles
20% Reducing Balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is the settled or the asset realised, based on the tax rates that have been enacted or substantively exacted by the end of the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
Brian The Brush Ltd
Notes to the Financial Statements (continued)
for the year ended 31 July 2023
- 3 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2022 and 31 July 2023
3,339
1,069
1,483
11,188
17,079
Depreciation and impairment
At 1 August 2022
2,793
899
1,483
10,068
15,243
Depreciation charged in the year
82
26
280
388
At 31 July 2023
2,875
925
1,483
10,348
15,631
Carrying amount
At 31 July 2023
464
144
840
1,448
At 31 July 2022
546
170
1,120
1,836
4
Company information
Brian The Brush Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 11 Ashworth Place, Odsal, Bradford, West Yorkshire, BD6 1AJ.