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REGISTERED NUMBER: SC244273 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Brett Investment Limited

Brett Investment Limited (Registered number: SC244273)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5


Brett Investment Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Brett
Mrs S Brett





SECRETARY: Mrs S Brett





REGISTERED OFFICE: 5 St Dunstan's Lane
Melrose
Roxburghshire
TD6 9RS





REGISTERED NUMBER: SC244273 (Scotland)





ACCOUNTANTS: EQ Accountants (Trading name)
Douglas Home & Co Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Brett Investment Limited (Registered number: SC244273)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 48,171 20,085
48,171 20,085

CURRENT ASSETS
Debtors 6 51,990 56,781
Cash at bank 96,243 61,769
148,233 118,550
CREDITORS
Amounts falling due within one year 7 116,217 126,470
NET CURRENT ASSETS/(LIABILITIES) 32,016 (7,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,187

12,165

PROVISIONS FOR LIABILITIES 4,000 3,000
NET ASSETS 76,187 9,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,087 9,065
SHAREHOLDERS' FUNDS 76,187 9,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Brett Investment Limited (Registered number: SC244273)

Statement of Financial Position - continued
31 May 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





J Brett - Director


Brett Investment Limited (Registered number: SC244273)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Brett Investment Limited is a private company, limited by shares , registered in Scotland. 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 represents gross commissions and client fees received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.
Fixtures and fittings - 25% on reducing balance
Office equipment - 20% on reducing balance

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023
and 31 May 2024 30,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Brett Investment Limited (Registered number: SC244273)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 - 9,545 64,544 74,089
Additions 31,430 - 1,270 32,700
At 31 May 2024 31,430 9,545 65,814 106,789
DEPRECIATION
At 1 June 2023 - 2,386 51,618 54,004
Charge for year - 1,790 2,824 4,614
At 31 May 2024 - 4,176 54,442 58,618
NET BOOK VALUE
At 31 May 2024 31,430 5,369 11,372 48,171
At 31 May 2023 - 7,159 12,926 20,085

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 44,582 50,702
Other debtors 7,408 6,079
51,990 56,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Taxation and social security 81,475 61,753
Other creditors 34,742 64,717
116,217 126,470

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.