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REGISTERED NUMBER: 01286396 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BREANHEATH LIMITED

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREANHEATH LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: J S Cusselle



SECRETARY: J S Cusselle



REGISTERED OFFICE: 48 Station Road
Heaton Mersey
Stockport
Cheshire
SK4 3QT



REGISTERED NUMBER: 01286396 (England and Wales)



ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Royal Bank of Scotland
St Ann Street
Manchester
M60 2SS

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 285,000 -
Tangible assets 5 217,494 124,337
Investments 6 100 100
502,594 124,437

CURRENT ASSETS
Debtors 7 1,683,490 1,199,068
Cash at bank and in hand 512,327 1,755,896
2,195,817 2,954,964
CREDITORS
Amounts falling due within one year 8 1,098,451 1,402,120
NET CURRENT ASSETS 1,097,366 1,552,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,599,960

1,677,281

CREDITORS
Amounts falling due after more than one
year

9

(45,000

)

-

PROVISIONS FOR LIABILITIES (52,209 ) (31,084 )
NET ASSETS 1,502,751 1,646,197

CAPITAL AND RESERVES
Called up share capital 350 350
Capital redemption reserve 100 100
Retained earnings 1,502,301 1,645,747
1,502,751 1,646,197

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 director acknowledges his 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.

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

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.

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

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





J S Cusselle - Director


BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

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

1. STATUTORY INFORMATION

Breanheath Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Breanheath Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must be also met before revenue is recognised.

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer.
- the Company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably: and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, 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.

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

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

2. ACCOUNTING POLICIES - continued

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.

Plant and machinery-33% Straight line
Motor vehicles-25% Straight line
Fixtures & fittings-20% Straight line

Tangible fixed assets are stated at cost less depreciation and impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost less impairment.

Financial instruments
Trade and other debtors included loans to related undertakings are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. Directors loan accounts accrue interest using an effective interest rate method.

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.

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.

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

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

2. ACCOUNTING POLICIES - continued

Operating lease commitments
Rentals paid under operating leases are changed to profit or loss on a straight-line basis over the lease term.

Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 525 (2022 - 500 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 285,000
At 31 October 2023 285,000
NET BOOK VALUE
At 31 October 2023 285,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 45,108 26,610 229,217 300,935
Additions 14,663 9,242 147,138 171,043
Disposals - - (69,084 ) (69,084 )
At 31 October 2023 59,771 35,852 307,271 402,894
DEPRECIATION
At 1 November 2022 21,531 25,049 130,018 176,598
Charge for year 12,558 2,602 61,260 76,420
Eliminated on disposal - - (67,618 ) (67,618 )
At 31 October 2023 34,089 27,651 123,660 185,400
NET BOOK VALUE
At 31 October 2023 25,682 8,201 183,611 217,494
At 31 October 2022 23,577 1,561 99,199 124,337

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 100
NET BOOK VALUE
At 31 October 2023 100
At 31 October 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,274,171 1,111,593
Other debtors 409,319 87,475
1,683,490 1,199,068

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 387,500
Trade creditors 107,369 58,358
Amounts owed to group undertakings 349 349
Taxation and social security 413,324 430,562
Other creditors 577,409 525,351
1,098,451 1,402,120

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 45,000 -

10. OTHER FINANCIAL COMMITMENTS

The company had total lease commitments at the year end of £120,165 (2022: £170,734).

BREANHEATH LIMITED (REGISTERED NUMBER: 01286396)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
J S Cusselle
Balance outstanding at start of year (10,104 ) (13,703 )
Amounts advanced 552,449 243,599
Amounts repaid (248,000 ) (240,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 294,345 (10,104 )

The balance is to be repaid within 9 months of the year end. Interest is charged at 2.25% per annum.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.