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Registration number: 04717135

Brook Babes Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2023 to 31 December 2023

 

Brook Babes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Brook Babes Ltd

Company Information

Directors

Mrs J L Hussey

Mr N S Hussey

Registered office

35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

 

Brook Babes Ltd

(Registration number: 04717135)
Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Fixed assets

 

Intangible assets

4

28,375

29,875

Tangible assets

5

8,337

6,427

 

36,712

36,302

Current assets

 

Debtors

6

154,940

92,132

Cash at bank and in hand

 

85,871

140,727

 

240,811

232,859

Creditors: Amounts falling due within one year

7

(81,023)

(59,941)

Net current assets

 

159,788

172,918

Total assets less current liabilities

 

196,500

209,220

Creditors: Amounts falling due after more than one year

7

(15,000)

(21,667)

Net assets

 

181,500

187,553

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

181,400

187,453

Shareholders' funds

 

181,500

187,553

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 August 2024 and signed on its behalf by:
 

 

Brook Babes Ltd

(Registration number: 04717135)
Balance Sheet as at 31 December 2023

.........................................
Mrs J L Hussey
Director

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

These financial statements were authorised for issue by the Board on 1 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

2.5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 22 (2023 - 22).

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

60,000

60,000

At 31 December 2023

60,000

60,000

Amortisation

At 1 May 2023

30,125

30,125

Amortisation charge

1,500

1,500

At 31 December 2023

31,625

31,625

Carrying amount

At 31 December 2023

28,375

28,375

At 30 April 2023

29,875

29,875

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

21,353

21,353

Additions

2,552

2,552

At 31 December 2023

23,905

23,905

Depreciation

At 1 May 2023

14,926

14,926

Charge for the period

642

642

At 31 December 2023

15,568

15,568

Carrying amount

At 31 December 2023

8,337

8,337

At 30 April 2023

6,427

6,427

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

6

Debtors

Current

Note

2023
£

2023
£

Amounts owed by related parties

79,940

92,132

Other debtors

 

75,000

-

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2023
£

Due within one year

 

Loans and borrowings

9

10,000

10,000

Trade creditors

 

2,799

3,400

Taxation and social security

 

65,565

43,172

Accruals and deferred income

 

2,513

2,421

Other creditors

 

146

948

 

81,023

59,941

Creditors: amounts falling due after more than one year

Note

2023
£

2023
£

Due after one year

 

Loans and borrowings

9

15,000

21,667

8

Share capital

Allotted, called up and fully paid shares

 

2023

2023

 

No.

£

No.

£

100 Ordinary shares of £1 each

100

100

100

100

         

9

Loans and borrowings

2023
£

2023
£

Non-current loans and borrowings

Bank borrowings

15,000

21,667

 

Brook Babes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 December 2023

2023
£

2023
£

Current loans and borrowings

Bank borrowings

10,000

10,000