Registered number
07938711
BRP Enterprises Ltd
Filleted Accounts
for the year ended 31 March 2024
BRP Enterprises Ltd
Registered number: 07938711
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 120,000 120,000
Tangible assets 4 1,264 1,580
121,264 121,580
Current assets
Stocks 12,990 12,242
Cash at bank and in hand 3,763 8,539
16,753 20,781
Creditors: amounts falling due within one year 5 (76,950) (65,099)
Net current liabilities (60,197) (44,318)
Total assets less current liabilities 61,067 77,262
Creditors: amounts falling due after more than one year 6 (23,176) (35,927)
Net assets 37,891 41,335
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,889 41,333
Shareholder's funds 37,891 41,335
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs Hiteshree Patel
Director
Approved by the board on 4 June 2024
BRP Enterprises Ltd
Notes to the Accounts
for the year ended 31 March 2024
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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 buildings Nil
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 120,000
At 31 March 2024 120,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 120,000
At 31 March 2023 120,000
Goodwill is not being amortised.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 7,796
At 31 March 2024 7,796
Depreciation
At 1 April 2023 6,216
Charge for the year 316
At 31 March 2024 6,532
Net book value
At 31 March 2024 1,264
At 31 March 2023 1,580
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,703 12,630
Pension Scheme 34 34
Trade creditors 1,169 4,948
Taxation and social security costs 12,030 9,297
Other creditors 51,014 38,190
76,950 65,099
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,176 35,927
7 Other information
BRP Enterprises Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
BRP Enterprises Ltd 07938711 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Mrs Hiteshree Patel No description of principal activity 07938711 2022-04-01 2023-03-31 07938711 core:WithinOneYear 2023-03-31 07938711 core:AfterOneYear 2023-03-31 07938711 core:ShareCapital 2023-03-31 07938711 core:RetainedEarningsAccumulatedLosses 2023-03-31 07938711 2023-04-01 2024-03-31 07938711 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07938711 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07938711 bus:Director40 2023-04-01 2024-03-31 07938711 1 2023-04-01 2024-03-31 07938711 2 2023-04-01 2024-03-31 07938711 core:PlantMachinery 2023-04-01 2024-03-31 07938711 countries:England 2023-04-01 2024-03-31 07938711 bus:FRS102 2023-04-01 2024-03-31 07938711 bus:FilletedAccounts 2023-04-01 2024-03-31 07938711 2024-03-31 07938711 core:WithinOneYear 2024-03-31 07938711 core:AfterOneYear 2024-03-31 07938711 core:ShareCapital 2024-03-31 07938711 core:RetainedEarningsAccumulatedLosses 2024-03-31 07938711 core:Goodwill 2024-03-31 07938711 core:PlantMachinery 2024-03-31 07938711 2023-03-31 07938711 core:Goodwill 2023-03-31 07938711 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure