Registered number
09046585
BRAYBROOK CONSTRUCTION LTD
Filleted Accounts
31 March 2024
BRAYBROOK CONSTRUCTION LTD
Registered number: 09046585
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,056 12,124
Current assets
Debtors 4 47,017 50,267
Cash at bank and in hand 5,832 887
52,849 51,154
Creditors: amounts falling due within one year 5 (52,449) (37,363)
Net current assets 400 13,791
Total assets less current liabilities 15,456 25,915
Creditors: amounts falling due after more than one year 6 (14,926) (24,815)
Net assets 530 1,100
Capital and reserves
Called up share capital 1 1
Profit and loss account 529 1,099
Shareholder's funds 530 1,100
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 member has 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.
BEN COVEY
Director
Approved by the board on 14 August 2024
BRAYBROOK CONSTRUCTION LTD
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 25% written down value
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 29,218 14,155 43,373
Additions 5,950 14,000 19,950
Disposals - (12,000) (12,000)
At 31 March 2024 35,168 16,155 51,323
Depreciation
At 1 April 2023 19,422 11,827 31,249
Charge for the year 3,936 1,082 5,018
At 31 March 2024 23,358 12,909 36,267
Net book value
At 31 March 2024 11,810 3,246 15,056
At 31 March 2023 9,796 2,328 12,124
4 Debtors 2024 2023
£ £
Trade debtors 44,744 6,664
Other debtors 2,273 43,603
47,017 50,267
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,791 6,028
Taxation and social security costs 30,708 20,385
Other creditors 950 950
52,449 37,363
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,926 24,815
7 Other information
BRAYBROOK CONSTRUCTION LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 SEARCHLIGHT COTTAGE
KNOWLE LANE
CRANLEIGH
SURREY
GU6 8JH
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