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Registration number: 11577362

BRS Warehousing And Distribution Ltd

Unaudited Financial Statements

(Companies House version)

for the Year Ended 31 March 2024

 

BRS Warehousing And Distribution Ltd

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
BRS Warehousing And Distribution Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BRS Warehousing And Distribution Ltd for the year ended 31 March 2024 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of BRS Warehousing And Distribution Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BRS Warehousing And Distribution Ltd and state those matters that we have agreed to state to the Board of Directors of BRS Warehousing And Distribution Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BRS Warehousing And Distribution Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BRS Warehousing And Distribution Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BRS Warehousing And Distribution Ltd. You consider that BRS Warehousing And Distribution Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BRS Warehousing And Distribution Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered accountants and chartered tax advisers
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

4 September 2024

 

BRS Warehousing And Distribution Ltd

(Registration number: 11577362)
Balance Sheet as at 31 March 2024

Note

2024

2023
£

   

£

£

   

Fixed assets

   

 

Tangible assets

4

 

16,950

 

22,600

Current assets

   

 

Debtors

5

3,519

 

-

 

Cash at bank and in hand

 

6,675

 

60,001

 

 

10,194

 

60,001

 

Creditors: Amounts falling due within one year

6

(9,227)

 

(56,897)

 

Net current assets

   

967

 

3,104

Net assets

   

17,917

 

25,704

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

17,916

 

25,703

 

Total equity

   

17,917

 

25,704

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 September 2024
 

.........................................

B D Needham
Director

 

BRS Warehousing And Distribution Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

These financial statements were authorised for issue by the director on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

BRS Warehousing And Distribution Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

BRS Warehousing And Distribution Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

28,250

28,250

At 31 March 2024

28,250

28,250

Depreciation

At 1 April 2023

5,650

5,650

Charge for the year

5,650

5,650

At 31 March 2024

11,300

11,300

Carrying amount

At 31 March 2024

16,950

16,950

At 31 March 2023

22,600

22,600

Included within the net book value of land and buildings above is £16,950 (2023 - £22,600) in respect of short leasehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Prepayments

3,107

-

Other debtors

412

-

3,519

-

 

BRS Warehousing And Distribution Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,644

35,338

Amounts owed to group undertakings

5,939

5,939

Taxation and social security

 

1,037

13,288

Accruals and deferred income

 

607

607

Corporation tax liability

 

-

1,725

 

9,227

56,897

7

Obligations under leases and hire purchase contracts

Finance leases

At 31 March 2024, the company had total commitments under non-cancellable finance leases over the remaining life of those leases of £140,000 (31 March 2023 - £35,000).

Operating leases

At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £35,000 (31 March 2023 - £35,000).