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REGISTERED NUMBER: 08747876 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Breeze House Designs Limited

Breeze House Designs Limited (Registered number: 08747876)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Breeze House Designs Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L A Peck
A L Peck





REGISTERED OFFICE: Breeze House Sunnyhills Road
Barnfields Ind. Est.
Leek
Staffordshire
ST13 5RJ





REGISTERED NUMBER: 08747876 (England and Wales)

Breeze House Designs Limited (Registered number: 08747876)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 (15,933 ) (17,787 )
Tangible assets 5 216,610 264,366
200,677 246,579

CURRENT ASSETS
Stocks 1,288,131 1,338,760
Debtors 6 848,775 1,668,227
Cash at bank and in hand 1,115,394 375,983
3,252,300 3,382,970
CREDITORS
Amounts falling due within one year 7 596,791 686,826
NET CURRENT ASSETS 2,655,509 2,696,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,856,186

2,942,723

PROVISIONS FOR LIABILITIES 54,153 48,000
NET ASSETS 2,802,033 2,894,723

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,801,933 2,894,623
2,802,033 2,894,723

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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





A L Peck - Director


Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Breeze House Designs Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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 2013, is being amortised evenly over its estimated useful life of five 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.

Business Intellectual are being amortised evenly over their estimated useful life of nil years.

Customer list are being amortised evenly over their estimated useful life of nil years.

Negative goodwill is being amortised evenly over its estimated useful life of twenty years.

Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Negative goodwill
Negative goodwill up to the fair value of non-monetary assets is recognised in the profit and loss as those assets are recovered.

Negative goodwill in excess of fair value of non-monetary assets is recognised in the profit and loss in the period expected to benefit.

In this period a total of £2,100

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 33% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 68 ) .

4. INTANGIBLE FIXED ASSETS
Business Customer Negative
Goodwill Intellectual list goodwill Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 100,000 1 2 (56,639 ) 43,364
AMORTISATION
At 1 January 2023 100,000 - - (38,849 ) 61,151
Amortisation for year - - - (1,854 ) (1,854 )
At 31 December 2023 100,000 - - (40,703 ) 59,297
NET BOOK VALUE
At 31 December 2023 - 1 2 (15,936 ) (15,933 )
At 31 December 2022 - 1 2 (17,790 ) (17,787 )

Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Premises Plant and
leasehold Showrooms machinery
£    £    £   
COST
At 1 January 2023 35,001 94,471 348,266
Disposals - (17,424 ) -
At 31 December 2023 35,001 77,047 348,266
DEPRECIATION
At 1 January 2023 23,333 79,363 146,544
Charge for year 11,668 2,768 20,220
Eliminated on disposal - (15,113 ) -
At 31 December 2023 35,001 67,018 166,764
NET BOOK VALUE
At 31 December 2023 - 10,029 181,502
At 31 December 2022 11,668 15,108 201,722

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,527 68,392 19,069 578,726
Disposals - (5,779 ) - (23,203 )
At 31 December 2023 13,527 62,613 19,069 555,523
DEPRECIATION
At 1 January 2023 11,617 35,517 17,986 314,360
Charge for year 382 7,608 361 43,007
Eliminated on disposal - (3,341 ) - (18,454 )
At 31 December 2023 11,999 39,784 18,347 338,913
NET BOOK VALUE
At 31 December 2023 1,528 22,829 722 216,610
At 31 December 2022 1,910 32,875 1,083 264,366

Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 135,000
Transfer to ownership (135,000 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 46,657
Charge for year 7,174
Transfer to ownership (53,831 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 88,343

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 24,157 27,348
Amounts owed by parent 624,370 1,284,617
Other debtors 200,248 356,262
848,775 1,668,227

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts - 1,666
Trade creditors 108,110 221,222
Amounts owed to group undertakings 160,060 5,648
Taxation and social security 48,762 88,351
Other creditors 279,859 369,939
596,791 686,826

Breeze House Designs Limited (Registered number: 08747876)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts - 1,666

The hire purchase is secured against the assets purchased on hire purchase.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Edwards FCCA CTA (Senior Statutory Auditor)
for and on behalf of Afford Bond Holdings Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Corble Group Limited.

Consolidated accounts are prepared by the parent company Corble Group Limited. Registered Office is Breeze House, Sunnyhills Road, Barnfields Ind Est, Leek, Staffordshire, ST13 5RJ.