Registered number
12282160
BROOKLEY LIMITED
Report and Accounts
31 October 2023
BROOKLEY LIMITED
Registered number: 12282160
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,814 8,570
Current assets
Debtors 4 2,525 6,825
Cash at bank and in hand 96,835 59,136
99,360 65,961
Creditors: amounts falling due within one year 5 (14,829) (22,045)
Net current assets 84,531 43,916
Total assets less current liabilities 92,345 52,486
Creditors: amounts falling due after more than one year 6 (2,283) (3,843)
Net assets 90,062 48,643
Capital and reserves
Called up share capital 1 1
Profit and loss account 90,061 48,642
Shareholder's funds 90,062 48,643
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Charles Oates
Director
Approved by the board on 25 November 2023
BROOKLEY LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 14,926
Additions 1,849
At 31 October 2023 16,775
Depreciation
At 1 November 2022 6,356
Charge for the year 2,605
At 31 October 2023 8,961
Net book value
At 31 October 2023 7,814
At 31 October 2022 8,570
4 Debtors 2023 2022
£ £
Directors Loan - 4,300
Corporate loans 2,525 2,525
2,525 6,825
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 10,178 17,485
Directors loan 3,091 -
Bounce back loan 1,560 1,560
Accruals - 3,000
14,829 22,045
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce back loan 2,283 3,843
7 Other information
BROOKLEY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Portal Business Park
Suite 3 & 4, Eaton Lane
Tarporley
CW6 9DL
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