Company Registration No. 03929796 (England and Wales)
Brindley Goldstein Limited
Unaudited accounts
for the year ended 31 March 2024
Brindley Goldstein Limited
Unaudited accounts
Contents
Brindley Goldstein Limited
Company Information
for the year ended 31 March 2024
Company Number
03929796 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Brindley Goldstein Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Brindley Goldstein Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Brindley Goldstein Limited, as a body, in accordance with the terms of our engagement letter dated 9 September 2015. Our work has been undertaken solely to prepare for your approval the accounts of Brindley Goldstein Limited and state those matters that we have agreed to state to the Board of Directors of Brindley Goldstein Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brindley Goldstein Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Brindley Goldstein Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brindley Goldstein Limited. You consider that Brindley Goldstein Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Brindley Goldstein Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
5 August 2024
Brindley Goldstein Limited
Statement of financial position
as at 31 March 2024
Intangible assets
50,000
62,500
Tangible assets
46,124
51,975
Cash at bank and in hand
86,902
106,742
Creditors: amounts falling due within one year
(88,200)
(118,222)
Net current assets
161,534
189,956
Total assets less current liabilities
351,498
304,471
Creditors: amounts falling due after more than one year
-
(20,000)
Net assets
351,498
284,471
Called up share capital
220
220
Profit and loss account
351,278
284,251
Shareholders' funds
351,498
284,471
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2024 and were signed on its behalf by
C.H.Goldstein
Director
Company Registration No. 03929796
Brindley Goldstein Limited
Notes to the Accounts
for the year ended 31 March 2024
Brindley Goldstein Limited is a private company, limited by shares, registered in England and Wales, registration number 03929796. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% straight line
Fixtures & fittings
20% reducing balance
Computer equipment
33 1/3% reducing balance
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of 20 years.
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Brindley Goldstein Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
Charge for the year
12,500
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
10,000
44,500
16,285
24,125
94,910
Additions
-
-
-
2,731
2,731
At 31 March 2024
10,000
44,500
16,285
26,856
97,641
At 1 April 2023
10,000
4,450
10,627
17,858
42,935
Charge for the year
-
4,450
1,132
3,000
8,582
At 31 March 2024
10,000
8,900
11,759
20,858
51,517
At 31 March 2024
-
35,600
4,526
5,998
46,124
At 31 March 2023
-
40,050
5,658
6,267
51,975
6
Investments
Other investments
Valuation at 1 April 2023
40
Valuation at 31 March 2024
93,840
40 Ordinary shares of £1 each in Heartwood Accountants Ltd amounting to 10% of the issued share capital.
67 Ordinary shares of £1 each in Redwoods Accountancy Services Ltd amounting to 67% of the issued share capital.
Brindley Goldstein Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
122,632
116,436
Other debtors
40,200
85,000
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
9,000
Taxes and social security
35,232
25,682
Other creditors
29,707
56,707
Loans from directors
73
7,432
9
Creditors: amounts falling due after more than one year
2024
2023
10
Transactions with related parties
The company was under the control of Mr.C.H.Goldstein during the current and prior years. Mr.C.H.Goldstein holds 100% of the company's issued Ordinary A share capital and his wife, Mrs G.S.Goldstein, holds 100% of the company's issued Ordinary B share capital. The Ordinary B shares have no voting rights. Mr.C.H.Goldstein received a dividend of £48,500 ( 2023 £45,000 ) and Mrs G.S.Goldstein received a dividend of £12,400 ( 2023 £9,900 ).
11
Average number of employees
During the year the average number of employees was 8 (2023: 8).