Company registration number 13765907 (England and Wales)
D K BRINDLE & SON LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
D K BRINDLE & SON LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
D K BRINDLE & SON LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,005
17,571
Current assets
Cash at bank and in hand
12,532
41,785
Creditors: amounts falling due within one year
4
(33,931)
(47,963)
Net current liabilities
(21,399)
(6,178)
Total assets less current liabilities
(9,394)
11,393
Creditors: amounts falling due after more than one year
5
-
0
(1,019)
Net (liabilities)/assets
(9,394)
10,374
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(9,494)
10,274
Total equity
(9,394)
10,374

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 August 2024 and are signed on its behalf by:
R D Brindle
Director
Company registration number 13765907 (England and Wales)
D K BRINDLE & SON LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 25 November 2021
-
0
-
0
-
Period ended 30 November 2022:
Profit and total comprehensive income
-
46,524
46,524
Issue of share capital
6
100
-
100
Dividends
-
(36,250)
(36,250)
Balance at 30 November 2022
100
10,274
10,374
Year ended 30 November 2023:
Profit and total comprehensive income
-
14,982
14,982
Dividends
-
(34,750)
(34,750)
Balance at 30 November 2023
100
(9,494)
(9,394)
D K BRINDLE & SON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

D K Brindle & Son Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 117 Highfield Lane, Hemel Hempstead, Hertfordshire, HP2 5JF.

1.1
Reporting period

The entity's prior reporting period is greater than one year and as such is not directly comparable to the current accounting period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

 

Turnover from the provision of services is recognised as the services are provided.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Straight line
Computers
25% Straight line
Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

D K BRINDLE & SON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
D K BRINDLE & SON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 and 30 November 2023
22,262
Depreciation and impairment
At 1 December 2022
4,691
Depreciation charged in the year
5,566
At 30 November 2023
10,257
Carrying amount
At 30 November 2023
12,005
At 30 November 2022
17,571
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,309
11,836
Corporation tax
4,292
9,977
Other taxation and social security
2,639
810
Other creditors
24,691
25,340
33,931
47,963

Included in Other creditors is £1,019 (2022 - £1,747) owed under a hire purchase contract and is secured on the asset to which it relates.

5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
-
0
1,019

Other creditors represents amounts owed under a hire purchase contact and is secured on the asset to which it relates.

6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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