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REGISTERED NUMBER: 12238021 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BRAMLEY RETAIL LTD

BRAMLEY RETAIL LTD (REGISTERED NUMBER: 12238021)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRAMLEY RETAIL LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: M T Sherwood
Mrs J Sherwood





REGISTERED OFFICE: Bramley House
Little London
Andover
Hampshire
SP11 6JE





REGISTERED NUMBER: 12238021 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

BRAMLEY RETAIL LTD (REGISTERED NUMBER: 12238021)

ABRIDGED BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,230 38,460
Tangible assets 5 38,241 20,179
57,471 58,639

CURRENT ASSETS
Stocks 42,104 43,362
Debtors 105,055 28,233
Cash at bank and in hand 40,141 72,556
187,300 144,151
CREDITORS
Amounts falling due within one year 198,400 140,408
NET CURRENT (LIABILITIES)/ASSETS (11,100 ) 3,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,371

62,382

CREDITORS
Amounts falling due after more than one
year

(38,160

)

(47,985

)

PROVISIONS FOR LIABILITIES (7,266 ) (3,834 )
NET ASSETS 945 10,563

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 645 10,263
SHAREHOLDERS' FUNDS 945 10,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

BRAMLEY RETAIL LTD (REGISTERED NUMBER: 12238021)

ABRIDGED BALANCE SHEET - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




M T Sherwood - Director



Mrs J Sherwood - Director


BRAMLEY RETAIL LTD (REGISTERED NUMBER: 12238021)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Bramley Retail Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost and Straight line over 25 years
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Government grants
The company received a local government administered EU grant towards an investment in low carbon technology. The grant is being released in equal instalments, over a period of 25 years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BRAMLEY RETAIL LTD (REGISTERED NUMBER: 12238021)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

2. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 96,150
AMORTISATION
At 1 November 2022 57,690
Amortisation for year 19,230
At 31 October 2023 76,920
NET BOOK VALUE

At 31 October 2023 19,230
At 31 October 2022 38,460

BRAMLEY RETAIL LTD (REGISTERED NUMBER: 12238021)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 55,095
Additions 35,646
At 31 October 2023 90,741
DEPRECIATION
At 1 November 2022 34,916
Charge for year 17,584
At 31 October 2023 52,500
NET BOOK VALUE
At 31 October 2023 38,241
At 31 October 2022 20,179

6. RELATED PARTY DISCLOSURES

The company has made an unsecured loan to a related party, which is 100% owned by one of the directors. The net amount owed by the related party to the company as at the year end was £84,000 (2023 £Nil).

No interest has been charged on this loan during the year (2023 - £Nil).