Brunel Blinds And Interiors Limited 08245700 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is 47510 - Retail sale of textiles in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true 08245700 2022-11-01 2023-10-31 08245700 2023-10-31 08245700 core:RetainedEarningsAccumulatedLosses 2023-10-31 08245700 core:ShareCapital 2023-10-31 08245700 core:CurrentFinancialInstruments 2023-10-31 08245700 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08245700 core:Non-currentFinancialInstruments 2023-10-31 08245700 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 08245700 core:FurnitureFittingsToolsEquipment 2023-10-31 08245700 core:MotorVehicles 2023-10-31 08245700 core:OtherPropertyPlantEquipment 2023-10-31 08245700 bus:SmallEntities 2022-11-01 2023-10-31 08245700 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08245700 bus:FullAccounts 2022-11-01 2023-10-31 08245700 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08245700 bus:RegisteredOffice 2022-11-01 2023-10-31 08245700 bus:Director1 2022-11-01 2023-10-31 08245700 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08245700 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 08245700 core:MotorVehicles 2022-11-01 2023-10-31 08245700 core:OfficeEquipment 2022-11-01 2023-10-31 08245700 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 08245700 core:PlantMachinery 2022-11-01 2023-10-31 08245700 countries:AllCountries 2022-11-01 2023-10-31 08245700 2022-10-31 08245700 core:FurnitureFittingsToolsEquipment 2022-10-31 08245700 core:MotorVehicles 2022-10-31 08245700 core:OtherPropertyPlantEquipment 2022-10-31 08245700 2021-11-01 2022-10-31 08245700 2022-10-31 08245700 core:RetainedEarningsAccumulatedLosses 2022-10-31 08245700 core:ShareCapital 2022-10-31 08245700 core:CurrentFinancialInstruments 2022-10-31 08245700 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08245700 core:Non-currentFinancialInstruments 2022-10-31 08245700 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 08245700 core:FurnitureFittingsToolsEquipment 2022-10-31 08245700 core:MotorVehicles 2022-10-31 08245700 core:OtherPropertyPlantEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 08245700

Brunel Blinds And Interiors Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Brunel Blinds And Interiors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Brunel Blinds And Interiors Limited

Company Information

Director

Ms S Sawyer

Registered office

55a Devizes Road
Swindon
Wiltshire
SN1 4BG

Accountants

Simply Bookkeeping (Swindon) Ltd
9 Bowman House
Whitehill Lane industrial Estate
Royal Wootton Bassett
Swindon
Wiltshire
SN4 7DB

 

Brunel Blinds And Interiors Limited

(Registration number: 08245700)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,224

6,289

Current assets

 

Stocks

5

8,500

8,500

Debtors

6

7,135

11,519

Cash at bank and in hand

 

3,369

4,037

 

19,004

24,056

Creditors: Amounts falling due within one year

7

(41,335)

(23,979)

Net current (liabilities)/assets

 

(22,331)

77

Total assets less current liabilities

 

(17,107)

6,366

Creditors: Amounts falling due after more than one year

7

(30,744)

(36,441)

Net liabilities

 

(47,851)

(30,075)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(47,853)

(30,077)

Shareholders' deficit

 

(47,851)

(30,075)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 July 2024
 

.........................................
Ms S Sawyer
Director

 

Brunel Blinds And Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
55a Devizes Road
Swindon
Wiltshire
SN1 4BG
England

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Brunel Blinds And Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Asset class

Depreciation method and rate

Motor Vehciles

20% Reducing Balance

Office Equipment

20% On Cost

Plant & Machiner

20% On Cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Brunel Blinds And Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Brunel Blinds And Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2022

2,376

13,242

-

15,618

Additions

116

-

357

473

At 31 October 2023

2,492

13,242

357

16,091

Depreciation

At 1 November 2022

926

8,403

-

9,329

Charge for the year

498

968

72

1,538

At 31 October 2023

1,424

9,371

72

10,867

Carrying amount

At 31 October 2023

1,068

3,871

285

5,224

At 31 October 2022

1,450

4,839

-

6,289

5

Stocks

2023
£

2022
£

Other inventories

8,500

8,500

6

Debtors

Current

2023
£

2022
£

Trade debtors

4,838

11,050

Prepayments

2,297

469

 

7,135

11,519

 

Brunel Blinds And Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

5,829

5,689

Trade creditors

 

4,352

8,403

Taxation and social security

 

373

68

Accruals and deferred income

 

600

-

Other creditors

 

30,181

9,819

 

41,335

23,979

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

30,744

36,441

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

30,744

36,441

Current loans and borrowings

2023
£

2022
£

Bank borrowings

5,829

5,689