Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 06807645 Mr M Brewster Mr M A Brewster true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06807645 2023-02-28 06807645 2024-02-29 06807645 2023-03-01 2024-02-29 06807645 frs-core:CurrentFinancialInstruments 2024-02-29 06807645 frs-core:Non-currentFinancialInstruments 2024-02-29 06807645 frs-core:BetweenOneFiveYears 2024-02-29 06807645 frs-core:MoreThanFiveYears 2024-02-29 06807645 frs-core:MotorVehicles 2024-02-29 06807645 frs-core:MotorVehicles 2023-03-01 2024-02-29 06807645 frs-core:MotorVehicles 2023-02-28 06807645 frs-core:PlantMachinery 2024-02-29 06807645 frs-core:PlantMachinery 2023-03-01 2024-02-29 06807645 frs-core:PlantMachinery 2023-02-28 06807645 frs-core:WithinOneYear 2024-02-29 06807645 frs-core:ShareCapital 2024-02-29 06807645 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06807645 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06807645 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06807645 frs-bus:SmallEntities 2023-03-01 2024-02-29 06807645 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06807645 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06807645 1 2023-03-01 2024-02-29 06807645 frs-bus:Director1 2023-03-01 2024-02-29 06807645 frs-bus:Director1 2023-02-28 06807645 frs-bus:Director1 2024-02-29 06807645 frs-countries:EnglandWales 2023-03-01 2024-02-29 06807645 2022-02-28 06807645 2023-02-28 06807645 2022-03-01 2023-02-28 06807645 frs-core:CurrentFinancialInstruments 2023-02-28 06807645 frs-core:Non-currentFinancialInstruments 2023-02-28 06807645 frs-core:BetweenOneFiveYears 2023-02-28 06807645 frs-core:MoreThanFiveYears 2023-02-28 06807645 frs-core:MotorVehicles 2022-03-01 2023-02-28 06807645 frs-core:WithinOneYear 2023-02-28 06807645 frs-core:ShareCapital 2023-02-28 06807645 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06807645
Brewster Transport Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
JH Accounting
Golden Green Barn
Barrow Moor
Longnor
Buxton
SK17 0QP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06807645
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,580 203,549
150,580 203,549
CURRENT ASSETS
Debtors 5 11,267 34,616
Cash at bank and in hand 4,454 10,642
15,721 45,258
Creditors: Amounts Falling Due Within One Year 6 (62,655 ) (75,485 )
NET CURRENT ASSETS (LIABILITIES) (46,934 ) (30,227 )
TOTAL ASSETS LESS CURRENT LIABILITIES 103,646 173,322
Creditors: Amounts Falling Due After More Than One Year 7 (91,494 ) (163,018 )
NET ASSETS 12,152 10,304
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 12,151 10,303
SHAREHOLDERS' FUNDS 12,152 10,304
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Brewster
Director
07/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brewster Transport Ltd Registered number 06807645 is a limited by shares company incorporated in England & Wales. The Registered Office is 151 Nottingham Road, Barrow on Soar, Loughborough, Leicestershire, LE12 8JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% of net book value
Motor Vehicles 25% of net book value
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 2 2
3 3
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 3,037 571,561 574,598
Additions 188 5,776 5,964
Disposals - (223,953 ) (223,953 )
As at 29 February 2024 3,225 353,384 356,609
Depreciation
As at 1 March 2023 1,408 369,641 371,049
Provided during the period 454 49,738 50,192
Disposals - (215,212 ) (215,212 )
As at 29 February 2024 1,862 204,167 206,029
Net Book Value
As at 29 February 2024 1,363 149,217 150,580
As at 1 March 2023 1,629 201,920 203,549
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 113,188 150,917
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,924 9,380
Prepayments and accrued income 1,275 513
VAT - 24,723
Director's loan account 1,068 -
11,267 34,616
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,712 40,712
Trade creditors 10,446 18,952
Other loans - 8,000
Other taxes and social security 2,324 2,407
VAT 7,823 -
Accruals and deferred income 1,350 1,450
Director's loan account - 3,964
62,655 75,485
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 91,494 163,018
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,712 40,712
Later than one year and not later than five years 91,494 127,459
Later than five years - 35,559
132,206 203,730
132,206 203,730
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Pension Commitments
The company operates a defined contribution pension scheme for the benefit of its employee's. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £399.30 (PY £399.30) were due to the fund. They are included in Other Taxes and Social Security.
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Mark Brewster 3,964 5,032 - - 1,068
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr M Brewster - 8,000
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 8,000
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr M A Brewster by virtue of his ownership of 100% of the issued share capital in the company.
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