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REGISTERED NUMBER: 10159301 (England and Wales)












Unaudited Financial Statements

For The Year Ended

31 May 2024

for

Braemore Signs ( Ipswich ) Ltd.

Braemore Signs ( Ipswich ) Ltd. (Registered number: 10159301)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Braemore Signs ( Ipswich ) Ltd.

Company Information
For The Year Ended 31 May 2024







DIRECTOR: J P Burke



REGISTERED OFFICE: 44 Church Street
Bocking
Braintree
Essex
CM7 5JY



REGISTERED NUMBER: 10159301 (England and Wales)



ACCOUNTANT: Alison Hurrell Limited
44 Church Street
Bocking
Braintree
Essex
CM7 5JY



BANKERS: Barclays Bank PLC
PO Box 1
9 High Street
Colchester
Essex
C01 1DD

Braemore Signs ( Ipswich ) Ltd. (Registered number: 10159301)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,732
Tangible assets 5 1,688 2,250
1,688 17,982

CURRENT ASSETS
Debtors 6 79,296 12,692
Cash at bank 5,056 1,735
84,352 14,427
CREDITORS
Amounts falling due within one year 7 23,441 14,974
NET CURRENT ASSETS/(LIABILITIES) 60,911 (547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,599

17,435

CREDITORS
Amounts falling due after more than one
year

8

(6,000

)

(9,000

)

PROVISIONS FOR LIABILITIES (388 ) (428 )
NET ASSETS 56,211 8,007

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 56,210 8,006
SHAREHOLDERS' FUNDS 56,211 8,007

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

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

The director acknowledges his 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.

Braemore Signs ( Ipswich ) Ltd. (Registered number: 10159301)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2024 and were signed by:





J P Burke - Director


Braemore Signs ( Ipswich ) Ltd. (Registered number: 10159301)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Braemore Signs ( Ipswich ) Ltd. 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Braemore Signs ( Ipswich ) Ltd. (Registered number: 10159301)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023 26,220
Disposals (26,220 )
At 31 May 2024 -
AMORTISATION
At 1 June 2023 10,488
Eliminated on disposal (10,488 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 15,732

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 3,000
DEPRECIATION
At 1 June 2023 750
Charge for year 562
At 31 May 2024 1,312
NET BOOK VALUE
At 31 May 2024 1,688
At 31 May 2023 2,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,826 4,222
Amounts owed by associates 13,470 8,470
Other debtors 63,000 -
79,296 12,692

Braemore Signs ( Ipswich ) Ltd. (Registered number: 10159301)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 271
Taxation and social security 22,346 13,947
Other creditors 1,095 756
23,441 14,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 6,000 9,000