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Registered Number: 07441108
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2023

for

BRIGGS ASSOCIATES LTD

Directors Caroline Thompson
John Thompson
Registered Number 07441108
Registered Office Portree
Netherton Road
Appleton
Oxfordshire
OX13 5QW
Accountants Strata Accountants Limited
Milton Park Innovation Centre
99 Park Drive
Abingdon
OX14 4RY
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 55,326    34,800 
55,326    34,800 
Current assets      
Debtors 4 5,872    12,000 
Cash at bank and in hand 322,959    459,365 
328,831    471,365 
Creditors: amount falling due within one year 5 (12,035)   (116,128)
Net current assets 316,796    355,237 
 
Total assets less current liabilities 372,122    390,037 
Net assets 372,122    390,037 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 372,022    389,937 
Shareholder's funds 372,122    390,037 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 May 2024 and were signed on its behalf by:


-------------------------------
John Thompson
Director
-------------------------------
Caroline Thompson
Director
2
General Information
Briggs Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07441108, registration address Portree, Netherton Road, Appleton, Oxfordshire, OX13 5QW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25 % Straight Line
Fixtures and Fittings 33 % Straight Line
Motor Vehicles 20% Reducing Balance
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2022 65,090    4,033    12,642    81,765 
Additions      
Disposals      
At 30 November 2023 65,090    4,033    12,642    81,765 
Depreciation
At 01 December 2022 13,563    2,800    7,897    24,260 
Charge for year 13,018    821    1,903    15,742 
On disposals (13,563)       (13,563)
At 30 November 2023 13,018    3,621    9,800    26,439 
Net book values
Closing balance as at 30 November 2023 52,072    412    2,842    55,326 
Opening balance as at 01 December 2022 28,822    1,233    4,745    34,800 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 4,800    11,000 
Other Debtors 1,000    1,000 
PAYE & Social Security 72   
5,872    12,000 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 361    3,729 
Corporation Tax 1,677    61,836 
Accrued Expenses 1,020    1,020 
Other Creditors 333    3,152 
Directors' Current Accounts 3,691    38,255 
VAT 4,953    8,136 
12,035    116,128 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
50 Ordinary shares of £1.00 each 50    50 
50 Ordinary A shares of £1.00 each 50    50 
100    100 

3