IRIS Accounts Production v24.1.9.2 04333580 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043335802023-01-31043335802024-01-31043335802023-02-012024-01-31043335802022-01-31043335802022-02-012023-01-31043335802023-01-3104333580ns15:EnglandWales2023-02-012024-01-3104333580ns14:PoundSterling2023-02-012024-01-3104333580ns10:Director12023-02-012024-01-3104333580ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104333580ns10:SmallEntities2023-02-012024-01-3104333580ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104333580ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104333580ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104333580ns10:FullAccounts2023-02-012024-01-3104333580ns5:CurrentFinancialInstruments2024-01-3104333580ns5:CurrentFinancialInstruments2023-01-3104333580ns5:ShareCapital2024-01-3104333580ns5:ShareCapital2023-01-3104333580ns5:RetainedEarningsAccumulatedLosses2024-01-3104333580ns5:RetainedEarningsAccumulatedLosses2023-01-3104333580ns10:RegisteredOffice2023-02-012024-01-310433358012023-02-012024-01-3104333580ns5:MotorVehicles2023-02-012024-01-3104333580ns5:MotorVehicles2023-01-3104333580ns5:MotorVehicles2024-01-3104333580ns5:MotorVehicles2023-01-3104333580ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104333580ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 04333580 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

R. Bratley (Plants) Limited

R. Bratley (Plants) Limited (Registered number: 04333580)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


R. Bratley (Plants) Limited (Registered number: 04333580)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £
Fixed assets
Tangible assets 5 6,710 8,947

Current assets
Stocks 181,525 161,366
Debtors 6 61,925 244,080
Cash at bank 54,676 117,165
298,126 522,611
Creditors
Amounts falling due within one year 7 (293,769 ) (519,065 )
Net current assets 4,357 3,546
Total assets less current liabilities 11,067 12,493

Capital and reserves
Called up share capital 1 1
Retained earnings 11,066 12,492
11,067 12,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R. Bratley (Plants) Limited (Registered number: 04333580)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr J M Bratley - Director


R. Bratley (Plants) Limited (Registered number: 04333580)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. Statutory information

R. Bratley (Plants) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04333580

Registered office: Tanyard House
Quadring Eaudyke
Spalding
Lincolnshire
PE11 4QB

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic loves and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See note 13 for the carrying amount of tangible assets and note 3 for the useful economic lives for each class of assets.

(ii) Taxation
The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible.

R. Bratley (Plants) Limited (Registered number: 04333580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. Accounting policies - continued

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete or slow moving items. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

R. Bratley (Plants) Limited (Registered number: 04333580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


R. Bratley (Plants) Limited (Registered number: 04333580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. 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.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

5. Tangible fixed assets
Motor
vehicles
£
Cost
At 1 February 2023
and 31 January 2024 30,500
Depreciation
At 1 February 2023 21,553
Charge for year 2,237
At 31 January 2024 23,790
Net book value
At 31 January 2024 6,710
At 31 January 2023 8,947

6. Debtors: amounts falling due within one year
31.1.24 31.1.23
£ £
Trade debtors 58,065 241,026
Other debtors 3,860 3,054
61,925 244,080

R. Bratley (Plants) Limited (Registered number: 04333580)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


7. Creditors: amounts falling due within one year
31.1.24 31.1.23
£ £
Trade creditors 55,778 44,394
Amounts owed to group undertakings 211,267 468,391
Taxation and social security 1,475 1,775
Other creditors 25,249 4,505
293,769 519,065

8. Other financial commitments

There is an unlimited multilateral bank guarantee between R Bratley (Plants) Limited and R Bratley (Quadring) Limited.

9. Related party disclosures

The company has taken advantage of the exemption provided in FRS102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

10. Ultimate controlling party

The company is a wholly owned subsidiary of R Bratley (Quadring) Limited, a company registered in England and Wales.