IRIS Accounts Production v24.2.0.383 01686940 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016869402023-03-31016869402024-03-31016869402023-04-012024-03-31016869402022-03-31016869402022-04-012023-03-31016869402023-03-3101686940ns15:EnglandWales2023-04-012024-03-3101686940ns14:PoundSterling2023-04-012024-03-3101686940ns10:Director12023-04-012024-03-3101686940ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101686940ns10:SmallEntities2023-04-012024-03-3101686940ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101686940ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101686940ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101686940ns10:FullAccounts2023-04-012024-03-3101686940ns10:OrdinaryShareClass12023-04-012024-03-3101686940ns10:Director22023-04-012024-03-3101686940ns10:Director32023-04-012024-03-3101686940ns10:CompanySecretary12023-04-012024-03-3101686940ns10:RegisteredOffice2023-04-012024-03-3101686940ns5:CurrentFinancialInstruments2024-03-3101686940ns5:CurrentFinancialInstruments2023-03-3101686940ns5:ShareCapital2024-03-3101686940ns5:ShareCapital2023-03-3101686940ns5:RetainedEarningsAccumulatedLosses2024-03-3101686940ns5:RetainedEarningsAccumulatedLosses2023-03-3101686940ns5:FurnitureFittings2023-04-012024-03-3101686940ns5:FurnitureFittings2023-03-3101686940ns5:FurnitureFittings2024-03-3101686940ns5:FurnitureFittings2023-03-3101686940ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101686940ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101686940ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 01686940 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BRICK LANE BOOKSHOP LIMITED

BRICK LANE BOOKSHOP LIMITED (REGISTERED NUMBER: 01686940)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BRICK LANE BOOKSHOP LIMITED

Company Information
for the year ended 31 March 2024







Directors: Ms K Dimitrova
Ms P E Jones
Ms D Jones





Secretary: Ms D Jones





Registered office: 166 Brick Lane
London
E1 6RU





Registered number: 01686940 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

BRICK LANE BOOKSHOP LIMITED (REGISTERED NUMBER: 01686940)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,506 1,579

Current assets
Stocks 48,896 42,719
Debtors 5 9,295 11,272
Cash at bank and in hand 534,323 430,082
592,514 484,073
Creditors
Amounts falling due within one year 6 114,799 62,374
Net current assets 477,715 421,699
Total assets less current liabilities 482,221 423,278

Capital and reserves
Called up share capital 7 2 2
Retained earnings 482,219 423,276
Shareholders' funds 482,221 423,278

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





Ms D Jones - Director


BRICK LANE BOOKSHOP LIMITED (REGISTERED NUMBER: 01686940)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Brick Lane Bookshop 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. Accounting policies

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

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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.

BRICK LANE BOOKSHOP LIMITED (REGISTERED NUMBER: 01686940)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

BRICK LANE BOOKSHOP LIMITED (REGISTERED NUMBER: 01686940)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2023 6,327
Additions 4,428
At 31 March 2024 10,755
Depreciation
At 1 April 2023 4,748
Charge for year 1,501
At 31 March 2024 6,249
Net book value
At 31 March 2024 4,506
At 31 March 2023 1,579

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 826 4,169
Other debtors 8,469 7,103
9,295 11,272

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 48,625 28,462
Taxation and social security 20,241 31,653
Other creditors 45,933 2,259
114,799 62,374

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2