Silverfin false false 31/12/2023 01/01/2023 31/12/2023 B Hulson 28/10/2013 B E Mancey 10/09/2013 V E Moreton 01/01/2022 A Smith 10/09/2013 19 April 2024 The principal activity of the company is that of the maintenance of air conditioning and ventilation systems. 08684886 2023-12-31 08684886 bus:Director1 2023-12-31 08684886 bus:Director2 2023-12-31 08684886 bus:Director3 2023-12-31 08684886 bus:Director4 2023-12-31 08684886 2022-12-31 08684886 core:CurrentFinancialInstruments 2023-12-31 08684886 core:CurrentFinancialInstruments 2022-12-31 08684886 core:Non-currentFinancialInstruments 2023-12-31 08684886 core:Non-currentFinancialInstruments 2022-12-31 08684886 core:ShareCapital 2023-12-31 08684886 core:ShareCapital 2022-12-31 08684886 core:RetainedEarningsAccumulatedLosses 2023-12-31 08684886 core:RetainedEarningsAccumulatedLosses 2022-12-31 08684886 core:PlantMachinery 2022-12-31 08684886 core:Vehicles 2022-12-31 08684886 core:PlantMachinery 2023-12-31 08684886 core:Vehicles 2023-12-31 08684886 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-12-31 08684886 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2022-12-31 08684886 2023-01-01 2023-12-31 08684886 bus:FilletedAccounts 2023-01-01 2023-12-31 08684886 bus:SmallEntities 2023-01-01 2023-12-31 08684886 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08684886 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08684886 bus:Director1 2023-01-01 2023-12-31 08684886 bus:Director2 2023-01-01 2023-12-31 08684886 bus:Director3 2023-01-01 2023-12-31 08684886 bus:Director4 2023-01-01 2023-12-31 08684886 core:PlantMachinery core:BottomRangeValue 2023-01-01 2023-12-31 08684886 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 08684886 core:Vehicles 2023-01-01 2023-12-31 08684886 2022-01-01 2022-12-31 08684886 core:PlantMachinery 2023-01-01 2023-12-31 08684886 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 08684886 (England and Wales)

BRY-KOL (FM) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BRY-KOL (FM) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BRY-KOL (FM) LIMITED

BALANCE SHEET

As at 31 December 2023
BRY-KOL (FM) LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 91,309 3,129
91,309 3,129
Current assets
Stocks 28,103 26,932
Debtors 5 662,828 471,213
Cash at bank and in hand 419,842 289,866
1,110,773 788,011
Creditors: amounts falling due within one year 6 ( 538,229) ( 382,005)
Net current assets 572,544 406,006
Total assets less current liabilities 663,853 409,135
Creditors: amounts falling due after more than one year 7 ( 70,204) 0
Provision for liabilities ( 17,348) ( 782)
Net assets 576,301 408,353
Capital and reserves
Called-up share capital 1 1
Profit and loss account 576,300 408,352
Total shareholder's funds 576,301 408,353

For the financial 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.

Directors' responsibilities:

The financial statements of Bry-Kol (FM) Limited (registered number: 08684886) were approved and authorised for issue by the Board of Directors on 19 April 2024. They were signed on its behalf by:

A Smith
Director
BRY-KOL (FM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BRY-KOL (FM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
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

Bry-Kol (FM) 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 10 Newcastle Street, Burslem, Stoke-On-Trent, ST6 3QF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of maintenance services is recognised by reference to the stage of completion. The stage of completion is calculated by comparing costs incurred, and the income receivable over the contracted period of maintenance.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 - 5 years straight line
Vehicles 0 - 25 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

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 compromises direct materials.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 19 19

4. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 January 2023 34,460 0 34,460
Additions 16,743 96,410 113,153
At 31 December 2023 51,203 96,410 147,613
Accumulated depreciation
At 01 January 2023 31,331 0 31,331
Charge for the financial year 4,888 20,085 24,973
At 31 December 2023 36,219 20,085 56,304
Net book value
At 31 December 2023 14,984 76,325 91,309
At 31 December 2022 3,129 0 3,129

5. Debtors

2023 2022
£ £
Trade debtors 651,570 465,069
Other debtors 11,258 6,144
662,828 471,213

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 179,448 160,067
Amounts owed to fellow subsidiaries 38,302 6,882
Other taxation and social security 65,797 59,156
Obligations under finance leases and hire purchase contracts 1,656 0
Other creditors 253,026 155,900
538,229 382,005

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 70,204 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Ultimate controlling party

The parent company of Bry-Kol (FM) Limited is Thermidor Limited and its registered office is 10 Newcastle Street, Stoke-on-Trent, ST 6 3QF.