Company Registration No. 12877363 (England and Wales)
Branch Road Holdings Ltd
Unaudited accounts
for the year ended 31 December 2023
Branch Road Holdings Ltd
Unaudited accounts
Contents
Branch Road Holdings Ltd
Company Information
for the year ended 31 December 2023
Company Number
12877363 (England and Wales)
Registered Office
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
Accountants
CGI Accountants Ltd
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
Branch Road Holdings Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
161,542
161,542
Cash at bank and in hand
51,007
1,077
Creditors: amounts falling due within one year
(19,728)
(2,205)
Net current assets/(liabilities)
31,279
(978)
Total assets less current liabilities
192,821
160,564
Creditors: amounts falling due after more than one year
(173,522)
(152,342)
Called up share capital
100
100
Profit and loss account
19,199
8,122
Shareholders' funds
19,299
8,222
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by
A Khan
Director
Company Registration No. 12877363
Branch Road Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
Branch Road Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12877363. The registered office is Branch House, 31-33 Branch Road, Batley, West Yorkshire, WF17 5SB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Branch Road Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
At 31 December 2023
161,542
At 31 December 2023
161,542
At 31 December 2022
161,542
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,928
1,245
Loans from directors
15,000
-
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
123,942
152,342
Included within creditors falling due after one year is a directors loan of £123942.
The loan is interest free with no fixed date for repayment.
The ultimate controlling party by virtue of holding 100% of the issued share capital of the Company are the Directors
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).