Registered number
12320418
Brackendale Timber Products Limited
Filleted Accounts
31 March 2024
Brackendale Timber Products Limited
Registered number: 12320418
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,233 3,685
Current assets
Stocks 8,732 9,193
Debtors 4 5,130 9,826
Cash at bank and in hand 19,308 9,668
33,170 28,687
Creditors: amounts falling due within one year 5 (41,386) (27,355)
Net current (liabilities)/assets (8,216) 1,332
Total assets less current liabilities 1,017 5,017
Creditors: amounts falling due after more than one year 6 (7,333) (11,333)
Net liabilities (6,316) (6,316)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,416) (6,416)
Shareholders' funds (6,316) (6,316)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Bott
Director
Approved by the board on 8 August 2024
Brackendale Timber Products Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 7,800 8,329 16,129
Additions - 8,500 8,500
Disposals - (6,376) (6,376)
At 31 March 2024 7,800 10,453 18,253
Depreciation
At 1 April 2023 5,330 7,114 12,444
Charge for the year 1,560 1,392 2,952
On disposals - (6,376) (6,376)
At 31 March 2024 6,890 2,130 9,020
Net book value
At 31 March 2024 910 8,323 9,233
At 31 March 2023 2,470 1,215 3,685
4 Debtors 2024 2023
£ £
Trade debtors 4,731 9,826
Other debtors 399 -
5,130 9,826
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 13,044 12,748
Taxation and social security costs 817 4,080
Other creditors 23,525 6,527
41,386 27,355
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,333 11,333
7 Other information
Brackendale Timber Products Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 Burnthill Lane
Rugeley
WS15 2HZ
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