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Registered number: 09943265
Brushmakers Arms Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Berrywood Accountants
The New Studio
Wintershill Farm
Wintershill, Durley
Hampshire
SO32 2AH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09943265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 600 900
Tangible Assets 5 20,313 8,551
20,913 9,451
CURRENT ASSETS
Stocks 6 8,250 8,250
Debtors 7 (61 ) (71 )
Cash at bank and in hand 29,892 24,097
38,081 32,276
Creditors: Amounts Falling Due Within One Year 8 (25,473 ) (16,237 )
NET CURRENT ASSETS (LIABILITIES) 12,608 16,039
TOTAL ASSETS LESS CURRENT LIABILITIES 33,521 25,490
Creditors: Amounts Falling Due After More Than One Year 9 (57,732 ) (52,916 )
NET LIABILITIES (24,211 ) (27,426 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (24,212 ) (27,427 )
SHAREHOLDERS' FUNDS (24,211) (27,426)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Reece Taylor
Director
05/09/2024
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
Brushmakers Arms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09943265 . The registered office is 2 Shoe Lane, Upham, Southampton, Hants, SO32 1JJ.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 25% Reducing
Motor Vehicles 25% Reducing
Fixtures & Fittings 25% Straight line
2.5. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 19 16
19 16
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 3,000
As at 31 January 2024 3,000
Amortisation
As at 1 February 2023 2,100
Provided during the period 300
As at 31 January 2024 2,400
Net Book Value
As at 31 January 2024 600
As at 1 February 2023 900
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 15,833 16,634 32,467
Additions 26,995 - 26,995
Disposals (15,833 ) - (15,833 )
As at 31 January 2024 26,995 16,634 43,629
Depreciation
As at 1 February 2023 7,484 16,432 23,916
Provided during the period 6,749 135 6,884
Disposals (7,484 ) - (7,484 )
As at 31 January 2024 6,749 16,567 23,316
Net Book Value
As at 31 January 2024 20,246 67 20,313
As at 1 February 2023 8,349 202 8,551
6. Stocks
2024 2023
£ £
Stock 8,250 8,250
7. Debtors
2024 2023
£ £
Due within one year
Pension scheme prepayments (61 ) (71 )
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,520 3,082
Bank loans and overdrafts - 364
Other taxes and social security 2,727 2,589
VAT 15,324 9,306
Accruals and deferred income 902 896
25,473 16,237
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,547 9,884
Directors loan account 49,185 43,032
57,732 52,916
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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