0 false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 10,492 10,740 xbrli:pure xbrli:shares iso4217:GBP 5221488 2023-04-01 2024-03-31 5221488 2024-03-31 5221488 2023-03-31 5221488 2022-04-01 2023-03-31 5221488 2023-03-31 5221488 core:PlantMachinery 2023-04-01 2024-03-31 5221488 core:MotorVehicles 2023-04-01 2024-03-31 5221488 bus:RegisteredOffice 2023-04-01 2024-03-31 5221488 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 5221488 bus:Director1 2023-04-01 2024-03-31 5221488 core:PlantMachinery 2023-03-31 5221488 core:MotorVehicles 2023-03-31 5221488 core:PlantMachinery 2024-03-31 5221488 core:MotorVehicles 2024-03-31 5221488 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 5221488 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 5221488 core:WithinOneYear 2024-03-31 5221488 core:WithinOneYear 2023-03-31 5221488 core:ShareCapital 2024-03-31 5221488 core:ShareCapital 2023-03-31 5221488 core:RetainedEarningsAccumulatedLosses 2024-03-31 5221488 core:RetainedEarningsAccumulatedLosses 2023-03-31 5221488 core:ShareCapital 2022-03-31 5221488 core:RetainedEarningsAccumulatedLosses 2022-03-31 5221488 core:RestatedAmount 2022-03-31 5221488 core:RestatedAmount 2023-03-31 5221488 core:PlantMachinery 2023-03-31 5221488 core:MotorVehicles 2023-03-31 5221488 bus:SmallEntities 2023-04-01 2024-03-31 5221488 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 5221488 bus:FullAccounts 2023-04-01 2024-03-31 5221488 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5221488 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 5221488
Neil Berridge Limited
Unaudited Financial Statements
For the year ended
31 March 2024
Neil Berridge Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Director's report
2
Statement of comprehensive income
3
Statement of financial position
4
Statement of changes in equity
6
Notes to the financial statements
7
The following pages do not form part of the financial statements
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
11
Neil Berridge Limited
Officers and Professional Advisers
Director
Mr N Berridge
Registered office
1 Marine Gardens
Barmouth
Gwynedd
LL42 1HL
Accountants
Laud Meredith & Co
Chartered Accountants
92 - 94 High Street
Porthmadog
Gwynedd
LL49 9NW
Neil Berridge Limited
Director's Report
Year ended 31 March 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2024 .
Director
The director who served the company during the year was as follows:
Mr N Berridge
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 21 August 2024 and signed on behalf of the board by:
Mr N Berridge
Director
Registered office:
1 Marine Gardens
Barmouth
Gwynedd
LL42 1HL
Neil Berridge Limited
Statement of Comprehensive Income
Year ended 31 March 2024
2024
2023
Note
£
£
Turnover
14,531
16,503
Cost of sales
2,268
3,124
--------
--------
Gross profit
12,263
13,379
Administrative expenses
1,824
2,639
--------
--------
Operating profit
10,439
10,740
--------
--------
Profit before taxation
4
10,439
10,740
Tax on profit
( 53)
--------
--------
Profit for the financial year and total comprehensive income
10,492
10,740
--------
--------
All the activities of the company are from continuing operations.
Neil Berridge Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
355
474
Current assets
Stocks
20,000
20,000
Debtors
6
5,900
Cash at bank and in hand
80,639
64,880
---------
--------
100,639
90,780
Creditors: amounts falling due within one year
7
103,617
104,316
---------
---------
Net current liabilities
2,978
13,536
-------
--------
Total assets less current liabilities
( 2,623)
( 13,062)
Provisions
67
120
-------
--------
Net liabilities
( 2,690)
( 13,182)
-------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 2,691)
( 13,183)
-------
--------
Shareholders deficit
( 2,690)
( 13,182)
-------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Neil Berridge Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
Mr N Berridge
Director
Company registration number: 5221488
Neil Berridge Limited
Statement of Changes in Equity
Year ended 31 March 2024
Called up share capital
Profit and loss account
Total
£
£
£
At 1 April 2022
1
( 23,923)
( 23,922)
Profit for the year
10,740
10,740
----
--------
--------
Total comprehensive income for the year
10,740
10,740
At 31 March 2023
1
( 13,183)
( 13,182)
Profit for the year
10,492
10,492
----
--------
--------
Total comprehensive income for the year
10,492
10,492
----
--------
--------
At 31 March 2024
1
( 2,691)
( 2,690)
----
--------
--------
Neil Berridge Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Marine Gardens, Barmouth, Gwynedd, LL42 1HL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents invoiced sales of goods and services.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more(or less)tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current rates and laws.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Profit before taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
119
158
----
----
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
496
5,745
6,241
----
-------
-------
Depreciation
At 1 April 2023
484
5,283
5,767
Charge for the year
3
116
119
----
-------
-------
At 31 March 2024
487
5,399
5,886
----
-------
-------
Carrying amount
At 31 March 2024
9
346
355
----
-------
-------
At 31 March 2023
12
462
474
----
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
5,200
Other debtors
700
----
-------
5,900
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,101
1,100
Other creditors
102,516
103,216
---------
---------
103,617
104,316
---------
---------
8. Director's advances, credits and guarantees
There were no director's advances, credits or guarantees during the year.
9. Related party transactions
No transactions with related parties were undertaken during the year.
10. Going concern
The director has reviewed a period of 12 months from the date of approval of these financial statements and has confirmed his willingness to retain his loan in the company to enable it to meet all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on a going concern basis.
Neil Berridge Limited
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
Neil Berridge Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Neil Berridge Limited
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 financial statements of Neil Berridge Limited for the year ended 31 March 2024, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Neil Berridge Limited in accordance with the terms of our engagement letter dated 7 July 2009. Our work has been undertaken solely to prepare for your approval the financial statements of Neil Berridge Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neil Berridge Limited and its director for our work or for this report.
It is your duty to ensure that Neil Berridge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neil Berridge Limited. You consider that Neil Berridge Limited 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 financial statements of Neil Berridge Limited. 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 financial statements.
Laud Meredith & Co Chartered Accountants
92 - 94 High Street Porthmadog Gwynedd LL49 9NW
21 August 2024