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REGISTERED NUMBER: 02882094 (England and Wales)















W BREAKSPEAR & SONS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






W BREAKSPEAR & SONS LIMITED (REGISTERED NUMBER: 02882094)






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


W BREAKSPEAR & SONS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: G F Hartfield





SECRETARY: Mrs Y M Hartfield





REGISTERED OFFICE: Picketts Farm Barn
Pickets Lane
Salfords
Redhill
Surrey
RH1 5RG





REGISTERED NUMBER: 02882094 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

W BREAKSPEAR & SONS LIMITED (REGISTERED NUMBER: 02882094)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,752 41,464

CURRENT ASSETS
Debtors 6 60,942 5,092
Cash at bank 204,636 84,375
265,578 89,467
CREDITORS
Amounts falling due within one year 7 125,270 22,608
NET CURRENT ASSETS 140,308 66,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,060

108,323

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 175,960 108,223
SHAREHOLDERS' FUNDS 176,060 108,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 24 September 2024 and were signed by:





G F Hartfield - Director


W BREAKSPEAR & SONS LIMITED (REGISTERED NUMBER: 02882094)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

W Breakspear & Sons 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

FINANCIAL INSTRUMENTS
Financial Instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

W BREAKSPEAR & SONS LIMITED (REGISTERED NUMBER: 02882094)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 15,340 57,195 2,853 75,388
Disposals - (12,195 ) - (12,195 )
At 31 December 2023 15,340 45,000 2,853 63,193
DEPRECIATION
At 1 January 2023 13,284 17,787 2,853 33,924
Charge for year 514 4,747 - 5,261
Eliminated on disposal - (11,744 ) - (11,744 )
At 31 December 2023 13,798 10,790 2,853 27,441
NET BOOK VALUE
At 31 December 2023 1,542 34,210 - 35,752
At 31 December 2022 2,056 39,408 - 41,464

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,801 1,440
Other debtors 10,141 3,652
60,942 5,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,925 -
Taxation and social security 64,591 9,108
Other creditors 51,754 13,500
125,270 22,608

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

W BREAKSPEAR & SONS LIMITED (REGISTERED NUMBER: 02882094)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 108,223
Profit for the year 77,737
Dividends (10,000 )
At 31 December 2023 175,960

10. RELATED PARTY DISCLOSURES

G F Hartfield is a director of Manchuna Decorators Limited. During the year Manchuna Decorators Limited charged W Breakspear & Sons Limited £11,022 (2022 - £12,800) in respect of direct costs and £4,704 (2022 - £Nil) in respect of overheads. All such costs were at normal trading prices. Also during the year, W Breakspear & Sons Limited charged Manchuna Decorators Limited £Nil (2022 - £1,500) as a management fee in respect of work carried out by the company on behalf of Manchuna Limited.

At the balance sheet date the company owed £29,425 (2022 - £11,300) Manchuna Decorators Limited which is included in creditors due within one year.

11. ULTIMATE CONTROLLING PARTY

W Breakspear & Sons Ltd is ultimately controlled by the director, Mr G F Hartfield.