Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00855458 Mr Martyn Walker Mr Michael Wright Mrs Susan Muir Mr Martyn Walker and Mrs Susan Muir jointly false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00855458 2022-12-31 00855458 2023-12-31 00855458 2023-01-01 2023-12-31 00855458 frs-core:CurrentFinancialInstruments 2023-12-31 00855458 frs-core:BetweenOneFiveYears 2023-12-31 00855458 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 00855458 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00855458 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 00855458 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 00855458 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00855458 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 00855458 frs-core:MotorVehicles 2023-12-31 00855458 frs-core:MotorVehicles 2023-01-01 2023-12-31 00855458 frs-core:MotorVehicles 2022-12-31 00855458 frs-core:PlantMachinery 2023-12-31 00855458 frs-core:PlantMachinery 2023-01-01 2023-12-31 00855458 frs-core:PlantMachinery 2022-12-31 00855458 frs-core:WithinOneYear 2023-12-31 00855458 frs-core:ShareCapital 2023-12-31 00855458 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00855458 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00855458 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00855458 frs-bus:SmallEntities 2023-01-01 2023-12-31 00855458 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00855458 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00855458 1 2023-01-01 2023-12-31 00855458 frs-bus:Director1 2023-01-01 2023-12-31 00855458 frs-bus:Director2 2023-01-01 2023-12-31 00855458 frs-bus:Director3 2023-01-01 2023-12-31 00855458 frs-core:CurrentFinancialInstruments 1 2023-12-31 00855458 frs-countries:EnglandWales 2023-01-01 2023-12-31 00855458 2021-12-31 00855458 2022-12-31 00855458 2022-01-01 2022-12-31 00855458 frs-core:CurrentFinancialInstruments 2022-12-31 00855458 frs-core:BetweenOneFiveYears 2022-12-31 00855458 frs-core:WithinOneYear 2022-12-31 00855458 frs-core:ShareCapital 2022-12-31 00855458 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 00855458 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 00855458
The Brixworth Engineering Company Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00855458
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,056 56,009
43,056 56,009
CURRENT ASSETS
Stocks 5 71,376 28,098
Debtors 6 132,352 192,035
Cash at bank and in hand 11,568 5,787
215,296 225,920
Creditors: Amounts Falling Due Within One Year 7 (137,667 ) (179,247 )
NET CURRENT ASSETS (LIABILITIES) 77,629 46,673
TOTAL ASSETS LESS CURRENT LIABILITIES 120,685 102,682
NET ASSETS 120,685 102,682
CAPITAL AND RESERVES
Called up share capital 8 1,750 1,750
Profit and Loss Account 118,935 100,932
SHAREHOLDERS' FUNDS 120,685 102,682
Page 1
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For the year ending 31 December 2023 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 Martyn Walker
Director
9 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Brixworth Engineering Company Ltd Registered number 00855458 is a limited by shares company incorporated in England & Wales. The Registered Office is Creaton Road, Brixworth, Northampton, NN6 9BW.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold No charge as immaterial
Leasehold Over life of lease
Plant & Machinery 10% on cost
Motor Vehicles 20% on cost
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 14 (2022: 13)
14 13
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4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 January 2023 1,000 2,528 239,758 52,097 295,383
As at 31 December 2023 1,000 2,528 239,758 52,097 295,383
Depreciation
As at 1 January 2023 - 2,528 184,750 52,096 239,374
Provided during the period - - 12,953 - 12,953
As at 31 December 2023 - 2,528 197,703 52,096 252,327
Net Book Value
As at 31 December 2023 1,000 - 42,055 1 43,056
As at 1 January 2023 1,000 - 55,008 1 56,009
5. Stocks
2023 2022
£ £
Stock 71,376 28,098
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 130,513 190,109
Other debtors 1,839 733
Corporation tax recoverable - 1,193
132,352 192,035
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 49,507 56,449
Other taxes and social security 25,646 34,155
Other creditors 2,223 1,445
Factoring loan 41,574 68,839
Accruals and deferred income 3,299 5,941
Directors' loan accounts 15,418 12,418
137,667 179,247
9. Other Commitments
At the end of the period the company had total commitments payable over the course of 5 years under non-cancellable leases as follows:
2023 2022
£ £
Not later than one year 48,000 48,000
Later than one year and not later than five years 36,000 63,000
84,000 111,000
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Michael Wright 1,000 2,000
Mrs Susan Muir 1,000 2,000
Mr Martyn Walker 1,000 2,000
11. Controlling Party
The company's controlling party is Mr Martyn Walker and Mrs Susan Muir jointly by virtue of their ownership of 90% of the issued share capital in the company.
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