Company registration number 2603239 (England and Wales)
BRUNEL EMPLOYEE BENEFITS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BRUNEL EMPLOYEE BENEFITS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRUNEL EMPLOYEE BENEFITS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
126,764
130,866
Cash at bank and in hand
35,018
52,668
161,782
183,534
Creditors: amounts falling due within one year
4
(17,852)
(14,936)
Net current assets
143,930
168,598
Creditors: amounts falling due after more than one year
5
(29,167)
(24,167)
Net assets
114,763
144,431
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
460,002
460,002
Capital redemption reserve
385
385
Profit and loss reserves
(346,624)
(316,956)
Total equity
114,763
144,431

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 August 2024 and are signed on its behalf by:
Mr R Lane
Director
Company registration number 2603239 (England and Wales)
BRUNEL EMPLOYEE BENEFITS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Brunel Employee Benefits Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Temple Quay, Temple Back East, Bristol, BS1 6DZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents commissions receivable on insurance business transacted. Revenue is recognised at the later of the effective date of the policy and the date that the policy is accepted by the customer. Adjustments to brokerage income arising from amendments to premiums are recognised as and when such adjustments are made.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee 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 immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

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

BRUNEL EMPLOYEE BENEFITS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was as follows:

2023
2022
Number
Number
Total
6
6
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
54,728
58,835
Amounts owed by group undertakings
69,975
69,975
Other debtors
2,061
2,056
126,764
130,866
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
2,286
-
0
Taxation and social security
3,120
2,604
Other creditors
2,446
2,332
17,852
14,936
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,167
24,167
Other creditors
15,000
-
0
29,167
24,167
6
Parent company

The parent company and ultimate controlling party of Brunel Employee Benefits Limited is Lane Brunel Investments Ltd, whose registered office is 3 Temple Quay, Temple Back East, Bristol, United Kingdom, BS1 6DZ.

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