Registered number
04592778
Bric Bloc Limited
Filleted Accounts
30 November 2023
Bric Bloc Limited
Registered number: 04592778
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 373,600 373,600
373,601 373,601
Current assets
Debtors 5 - 800
Cash at bank and in hand 30,078 36,176
30,078 36,976
Creditors: amounts falling due within one year 6 (36,560) (44,756)
Net current liabilities (6,482) (7,780)
Total assets less current liabilities 367,119 365,821
Creditors: amounts falling due after more than one year 7 (318,747) (298,747)
Net assets 48,372 67,074
Capital and reserves
Called up share capital 2 2
Profit and loss account 48,370 67,072
Shareholders' funds 48,372 67,074
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Best
Director
Approved by the board on 28 August 2024
Bric Bloc Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from property rentals.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold Land & buildings Not depreciated
Plant and equipment 15% reducing balance
No depreciation is provided on land and buildings. In the opinion of the directors, to depreciate them would not give a true and fair view.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 75,342
At 30 November 2023 75,342
Amortisation
At 1 December 2022 75,341
At 30 November 2023 75,341
Net book value
At 30 November 2023 1
At 30 November 2022 1
Goodwill has been fully amortised.
4 Tangible fixed assets
Freehold Land and buildings Plant and equipment etc Total
£ £ £
Cost
At 1 December 2022 373,599 11,292 384,891
At 30 November 2023 373,599 11,292 384,891
Depreciation
At 1 December 2022 - 11,291 11,291
At 30 November 2023 - 11,291 11,291
Net book value
At 30 November 2023 373,599 1 373,600
At 30 November 2022 373,599 1 373,600
5 Debtors 2023 2022
£ £
Other debtors - 800
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors (includes directors loans ) 36,560 44,756
7 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loans 110,000 90,000
Bank loans 208,747 208,747
318,747 298,747
8 Other information
Bric Bloc Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 The Swallows
Wallsend
Tyne & Wear
NE28 9YQ
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