REGISTERED NUMBER: 00049371 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRIERLEY BROTHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Gledhill

J Sykes

REGISTERED OFFICE:

Albert Mills

Albert Street

Lockwood

HUDDERSFIELD

HD1 3PZ

REGISTERED NUMBER:

00049371 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor Offices, Unit A4

Old Power Way

Lowfields Business Park

Elland

HX5 9DE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

675,152

522,913

675,152

522,913

CURRENT ASSETS

Stocks

1,349,656

1,038,678

Debtors

6

610,742

908,977

Cash at bank and in hand

1,156

284

1,961,554

1,947,939

CREDITORS

Amounts falling due within one year

7

1,267,678

1,566,679

NET CURRENT ASSETS

693,876

381,260

TOTAL ASSETS LESS CURRENT LIABILITIES

1,369,028

904,173

CREDITORS

Amounts falling due after more than one year

8

1,023,729

475,078

NET ASSETS

345,299

429,095

CAPITAL AND RESERVES

Called up share capital

72,108

72,108

Share premium

49,900

49,900

Profit and loss account

223,291

307,087

345,299

429,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Profit and Loss Account 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:

R M Gledhill - Director

1.	STATUTORY INFORMATION

Brierley Brothers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Short leasehold

-

Over the term of the lease

Plant and machinery

-

at varying rates on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 17 (2022 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2023

and 31 December 2023

55,000

AMORTISATION

At 1 January 2023

and 31 December 2023

55,000

NET BOOK VALUE

At 31 December 2023

-

At 31 December 2022

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 January 2023

427,031

1,079,072

1,506,103

Additions

107,784

153,894

261,678

Disposals

-

(8,500

)

(8,500

)

At 31 December 2023

534,815

1,224,466

1,759,281

DEPRECIATION

At 1 January 2023

250,241

732,949

983,190

Charge for year

43,258

63,348

106,606

Eliminated on disposal

-

(5,667

)

(5,667

)

At 31 December 2023

293,499

790,630

1,084,129

NET BOOK VALUE

At 31 December 2023

241,316

433,836

675,152

At 31 December 2022

176,790

346,123

522,913

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

388,846

652,540

Other debtors

221,896

256,437

610,742

908,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

563,229

758,732

Hire purchase contracts

26,614

26,614

Trade creditors

485,680

674,359

Amounts owed to group undertakings

26,908

26,908

Taxation and social security

66,628

11,945

Other creditors

98,619

68,121

1,267,678

1,566,679

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

447,847

316,666

Hire purchase contracts

130,853

157,468

Other creditors

445,029

944

1,023,729

475,078

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

24,396

51,011

9.	PENSION COMMITMENTS

The amount recognised in profit and loss as an expense in relation to defined contribution plans was £28,458 (2022: £18,763). No contributions were owing as at the end of the accounting period.

10.	CONTINGENT LIABILITIES

11.	OFF-BALANCE SHEET ARRANGEMENTS