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REGISTERED NUMBER: 01458389 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Brigdens Limited

Brigdens Limited (Registered number: 01458389)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brigdens Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr N G Sutherland





SECRETARY: Mrs J Sutherland





REGISTERED OFFICE: 15 - 17 Irongate
Derby
Derbyshire
DE1 3FJ





REGISTERED NUMBER: 01458389 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU

Brigdens Limited (Registered number: 01458389)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 364,453 268,742

CURRENT ASSETS
Stocks 745,289 933,690
Debtors 6 39,313 37,657
Cash at bank 521,618 526,350
1,306,220 1,497,697
CREDITORS
Amounts falling due within one year 7 533,367 573,264
NET CURRENT ASSETS 772,853 924,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,306

1,193,175

PROVISIONS FOR LIABILITIES 19,330 4,177
NET ASSETS 1,117,976 1,188,998

CAPITAL AND RESERVES
Called up share capital 8 614 614
Share premium 83,904 83,904
Revaluation reserve 9 131,255 135,607
Retained earnings 902,203 968,873
SHAREHOLDERS' FUNDS 1,117,976 1,188,998

Brigdens Limited (Registered number: 01458389)

Balance Sheet - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 27 July 2024 and were signed by:





Mr N G Sutherland - Director


Brigdens Limited (Registered number: 01458389)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Brigdens 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The director believes that the company will continue to have sufficient funds to meet its liabilities as they fall due for the following twelve months.

The financial statements have therefore been prepared on a going concern basis.

Significant judgements and estimates

Dilapidation

Provision is made for dilapidation. This requires management’s best estimate of the expenditure that will be incurred based on contractual requirements. In addition, the timing of the cash flows and the discount rates used to establish net present value of the obligations require management’s judgement.

As part of the company's property leasing arrangements there is an obligation to repair damages which incur during the life of the lease, such as wear and tear.

The cost is charged to profit and loss as the obligation arises. The provision is expected to be utilised between 2024 and 2025 as the leases terminate.

Due to the difficulties in predicting expenditure that will be required on return of a property to the landlord many years into the future, the dilapidation provision is considered a source of significant estimation uncertainty.

The provision at 31 January 2024 has been calculated using historical experience of actual expenditure incurred on dilapidation and estimated lease termination dates. The directors consider the possible range of dilapidation provision as of 31 December 2024 to be between £20,000 and £30,000 per property. The most likely amount within this range, £25,000 per property, providing a total of £50,000 has been recognised within Accruals on the Balance Sheet.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Brigdens Limited (Registered number: 01458389)

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

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Freehold property improvement - 20% on cost
Leasehold property improvement - 20% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Brigdens Limited (Registered number: 01458389)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 28 ) .

5. TANGIBLE FIXED ASSETS
Freehold Leasehold
Freehold property Long property
property improvement leasehold improvement
£    £    £    £   
COST
At 1 February 2023 285,000 - 22,157 8,451
Additions - 22,375 - 79,665
At 31 January 2024 285,000 22,375 22,157 88,116
DEPRECIATION
At 1 February 2023 45,600 - 22,157 141
Charge for year 5,700 1,723 - 5,560
At 31 January 2024 51,300 1,723 22,157 5,701
NET BOOK VALUE
At 31 January 2024 233,700 20,652 - 82,415
At 31 January 2023 239,400 - - 8,310

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 381,511 71,345 157,746 926,210
Additions 1,882 8,833 5,599 118,354
At 31 January 2024 383,393 80,178 163,345 1,044,564
DEPRECIATION
At 1 February 2023 365,662 71,345 152,563 657,468
Charge for year 4,556 886 4,218 22,643
At 31 January 2024 370,218 72,231 156,781 680,111
NET BOOK VALUE
At 31 January 2024 13,175 7,947 6,564 364,453
At 31 January 2023 15,849 - 5,183 268,742

Brigdens Limited (Registered number: 01458389)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,555 1,245
Prepayments 32,758 36,412
39,313 37,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 130,827 119,022
Corporation tax 135 85,699
Social security and other taxes 94,294 131,153
Directors' current accounts 185,132 175,132
Accruals 122,979 62,258
533,367 573,264

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
614 Ordinary £1 614 614

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023 135,607
Transfer (4,352 )

At 31 January 2024 131,255