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Registered number: 04333080
Brenforth Limited
Financial Statements
For The Year Ended 31 March 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04333080
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,322 13,923
15,322 13,923
CURRENT ASSETS
Stocks 6 3,600 2,640
Debtors 7 8,318 1,951
Cash at bank and in hand 18,125 23,740
30,043 28,331
Creditors: Amounts Falling Due Within One Year 8 (44,611 ) (35,158 )
NET CURRENT ASSETS (LIABILITIES) (14,568 ) (6,827 )
TOTAL ASSETS LESS CURRENT LIABILITIES 754 7,096
NET ASSETS 754 7,096
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 654 6,996
SHAREHOLDERS' FUNDS 754 7,096
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr G M Crouch
Director
30th June 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brenforth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04333080 . The registered office is 432 Liverpool Road, Birkdale, Southport, Merseyside, PR8 3BA. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 95,000
As at 31 March 2024 95,000
Amortisation
As at 1 April 2023 95,000
As at 31 March 2024 95,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 1 86,468 4,250 90,719
Additions - 4,313 - 4,313
As at 31 March 2024 1 90,781 4,250 95,032
Depreciation
As at 1 April 2023 - 74,339 2,457 76,796
Provided during the period - 2,466 448 2,914
As at 31 March 2024 - 76,805 2,905 79,710
Net Book Value
As at 31 March 2024 1 13,976 1,345 15,322
As at 1 April 2023 1 12,129 1,793 13,923
6. Stocks
2024 2023
£ £
Stock 3,600 2,640
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 8,318 1,951
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,998 -
Other creditors 20,583 21,212
Taxation and social security 22,030 13,946
44,611 35,158
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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