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REGISTERED NUMBER: 00775649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Brents of Brentwood Limited

Brents of Brentwood Limited (Registered number: 00775649)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Brents of Brentwood Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: S R Hulbert
C A Jones





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 00775649 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Brents of Brentwood Limited (Registered number: 00775649)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,515 17,988
Investments 5 250 250
16,765 18,238

CURRENT ASSETS
Debtors 6 38,580 53,868
Cash at bank and in hand 675,879 523,959
714,459 577,827
CREDITORS
Amounts falling due within one year 7 231,913 180,327
NET CURRENT ASSETS 482,546 397,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,311

415,738

PROVISIONS FOR LIABILITIES 2,956 3,288
NET ASSETS 496,355 412,450

CAPITAL AND RESERVES
Called up share capital 750 750
Capital redemption reserve 22,262 22,262
Retained earnings 473,343 389,438
496,355 412,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

Brents of Brentwood Limited (Registered number: 00775649)

Balance Sheet - continued
31st May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th August 2024 and were signed on its behalf by:




S R Hulbert - Director



C A Jones - Director


Brents of Brentwood Limited (Registered number: 00775649)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Brents of Brentwood 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.

Revenue recognition
Revenue represents commissions and fees receivable during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2023 - 18 ) .

Brents of Brentwood Limited (Registered number: 00775649)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st June 2023 86,771
Additions 8,375
Disposals (4,176 )
At 31st May 2024 90,970
DEPRECIATION
At 1st June 2023 68,783
Charge for year 9,848
Eliminated on disposal (4,176 )
At 31st May 2024 74,455
NET BOOK VALUE
At 31st May 2024 16,515
At 31st May 2023 17,988

5. FIXED ASSET INVESTMENTS

The company holds 100% of Insurance Watch Services Limited, a dormant company, incorporated in England.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Other debtors 38,580 53,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade creditors 5,842 2,540
Taxation and social security 196,363 130,088
Other creditors 29,708 47,699
231,913 180,327

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£ £
Within one year 40,808 41,490
Between one and five years 163,232 163,232
In more than five years 142,828 183,636
346,868 388,358

Brents of Brentwood Limited (Registered number: 00775649)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

9. RELATED PARTY DISCLOSURES

During the year, the company recharged costs to Brents Renewable Limited, a company which has common directors and shareholders, amounting to £Nil (2023 £52,827).

The amount due to the company from Brents Renewable Limited at the year-end amounted to £nil (2023: £nil).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brents of Brentwood Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brents of Brentwood Limited for the year ended 31st May 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brents of Brentwood Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brents of Brentwood Limited and state those matters that we have agreed to state to the Board of Directors of Brents of Brentwood Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brents of Brentwood Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brents of Brentwood Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brents of Brentwood Limited. You consider that Brents of Brentwood 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 financial statements of Brents of Brentwood 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 financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


9th August 2024