Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 01555522 Mrs. Emma Bramley Mr Graham Bramley Mrs. Emma Bramley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01555522 2023-04-30 01555522 2024-04-30 01555522 2023-05-01 2024-04-30 01555522 frs-core:CurrentFinancialInstruments 2024-04-30 01555522 frs-core:Non-currentFinancialInstruments 2024-04-30 01555522 frs-core:FurnitureFittings 2024-04-30 01555522 frs-core:FurnitureFittings 2023-05-01 2024-04-30 01555522 frs-core:FurnitureFittings 2023-04-30 01555522 frs-core:MotorVehicles 2024-04-30 01555522 frs-core:MotorVehicles 2023-05-01 2024-04-30 01555522 frs-core:MotorVehicles 2023-04-30 01555522 frs-core:WithinOneYear 2024-04-30 01555522 frs-core:ShareCapital 2024-04-30 01555522 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01555522 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01555522 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 01555522 frs-bus:SmallEntities 2023-05-01 2024-04-30 01555522 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01555522 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01555522 frs-bus:Director1 2023-05-01 2024-04-30 01555522 frs-bus:Director2 2023-05-01 2024-04-30 01555522 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 01555522 frs-countries:EnglandWales 2023-05-01 2024-04-30 01555522 2022-04-30 01555522 2023-04-30 01555522 2022-05-01 2023-04-30 01555522 frs-core:CurrentFinancialInstruments 2023-04-30 01555522 frs-core:Non-currentFinancialInstruments 2023-04-30 01555522 frs-core:WithinOneYear 2023-04-30 01555522 frs-core:ShareCapital 2023-04-30 01555522 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 01555522
Bramley Engineering (Lifting Gear) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01555522
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 82,960 33,786
82,960 33,786
CURRENT ASSETS
Stocks 5 92,741 23,851
Debtors 6 494,576 353,469
Cash at bank and in hand 300,218 448,435
887,535 825,755
Creditors: Amounts Falling Due Within One Year 7 (219,003 ) (187,018 )
NET CURRENT ASSETS (LIABILITIES) 668,532 638,737
TOTAL ASSETS LESS CURRENT LIABILITIES 751,492 672,523
Creditors: Amounts Falling Due After More Than One Year 8 (27,276 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,397 ) (3,150 )
NET ASSETS 707,819 669,373
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 707,619 669,173
SHAREHOLDERS' FUNDS 707,819 669,373
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Graham Bramley
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bramley Engineering (Lifting Gear) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01555522 . The registered office is 22 Eden Way, Pages Park Industrial Estate, Billington Road, Leighton Buzzard, LU7 4TZ.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 5)
8 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 59,294 129,896 189,190
Additions 46,035 23,879 69,914
As at 30 April 2024 105,329 153,775 259,104
Depreciation
As at 1 May 2023 37,779 117,625 155,404
Provided during the period 13,510 7,230 20,740
As at 30 April 2024 51,289 124,855 176,144
Net Book Value
As at 30 April 2024 54,040 28,920 82,960
As at 1 May 2023 21,515 12,271 33,786
5. Stocks
2024 2023
£ £
Stock 10,969 10,576
Work in progress 81,772 13,275
92,741 23,851
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 456,915 331,772
Other debtors 37,661 21,697
494,576 353,469
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,808 -
Trade creditors 171,785 106,740
Other creditors 9,407 8,133
Taxation and social security 33,003 72,145
219,003 187,018
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,276 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 27,062 81,981
27,062 81,981
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