Silverfin false false 31/03/2024 01/04/2023 31/03/2024 E C Parry 31/01/2023 31 July 2024 The principal activity of the Company is the provision of creative and other consultancy services as well as artistic commissions and retail of associated products. 09875189 2024-03-31 09875189 bus:Director1 2024-03-31 09875189 2023-03-31 09875189 core:CurrentFinancialInstruments 2024-03-31 09875189 core:CurrentFinancialInstruments 2023-03-31 09875189 core:ShareCapital 2024-03-31 09875189 core:ShareCapital 2023-03-31 09875189 core:RetainedEarningsAccumulatedLosses 2024-03-31 09875189 core:RetainedEarningsAccumulatedLosses 2023-03-31 09875189 core:OtherPropertyPlantEquipment 2023-03-31 09875189 core:OtherPropertyPlantEquipment 2024-03-31 09875189 2023-04-01 2024-03-31 09875189 bus:FilletedAccounts 2023-04-01 2024-03-31 09875189 bus:SmallEntities 2023-04-01 2024-03-31 09875189 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09875189 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09875189 bus:Director1 2023-04-01 2024-03-31 09875189 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09875189 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 09875189 (England and Wales)

BRYN PARRY DESIGNS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BRYN PARRY DESIGNS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BRYN PARRY DESIGNS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
BRYN PARRY DESIGNS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR E C Parry
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS Stable Cottage
Wick Lane
Downton
Salisbury
Wiltshire
SP5 3NH
COMPANY NUMBER 09875189 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
BRYN PARRY DESIGNS LIMITED

BALANCE SHEET

As at 31 March 2024
BRYN PARRY DESIGNS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 745 994
745 994
Current assets
Stocks 4 20,500 5,500
Debtors 5 5,651 0
Cash at bank and in hand 6 29,551 44,711
55,702 50,211
Creditors: amounts falling due within one year 7 ( 11,720) ( 17,824)
Net current assets 43,982 32,387
Total assets less current liabilities 44,727 33,381
Net assets 44,727 33,381
Capital and reserves
Called-up share capital 2 2
Profit and loss account 44,725 33,379
Total shareholder's funds 44,727 33,381

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Bryn Parry Designs Limited (registered number: 09875189) were approved and authorised for issue by the Director on 31 July 2024. They were signed on its behalf by:

E C Parry
Director
BRYN PARRY DESIGNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BRYN PARRY DESIGNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bryn Parry Designs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Stable Cottage, Wick Lane, Downton, Salisbury, Wiltshire, SP5 3NH.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the value of goods sold during the year and royalties recognised, net of Value Added Tax and trade discounts. Turnover from the sale of goods is recognised when goods are physically delivered to the customer. Turnover from royalties is recognised on an accruals basis in the period in which the income is earned. This is usually the period in which the underlying sales are made.

Income from services under contracts with customers is recognised to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 2,497 2,497
At 31 March 2024 2,497 2,497
Accumulated depreciation
At 01 April 2023 1,503 1,503
Charge for the financial year 249 249
At 31 March 2024 1,752 1,752
Net book value
At 31 March 2024 745 745
At 31 March 2023 994 994

4. Stocks

2024 2023
£ £
Stocks 20,500 5,500

5. Debtors

2024 2023
£ £
Trade debtors 5,000 0
Other debtors 651 0
5,651 0

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 29,551 44,711

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 24 3,808
Taxation and social security 8,766 5,594
Other creditors 2,930 8,422
11,720 17,824

8. Related party transactions

Loan to directors

2024
£
Opening Balance (4,083)
Advances to director 37,529
repayments by director (32,796)
650