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REGISTERED NUMBER: 03716021 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Brosna Furniture Components Ltd

Brosna Furniture Components Ltd (Registered number: 03716021)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brosna Furniture Components Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A M P Connor
N Dunlop
I Dunlop





REGISTERED OFFICE: 61 Stanley Road
Bootle
Merseyside
L20 7BZ





REGISTERED NUMBER: 03716021 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Brosna Furniture Components Ltd (Registered number: 03716021)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,766 174,851

CURRENT ASSETS
Stocks 5 20,730 41,029
Debtors 6 61,196 124,912
Cash at bank and in hand 298,096 357,780
380,022 523,721
CREDITORS
Amounts falling due within one year 7 156,375 184,065
NET CURRENT ASSETS 223,647 339,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,413

514,507

PROVISIONS FOR LIABILITIES 13,727 24,337
NET ASSETS 340,686 490,170

CAPITAL AND RESERVES
Called up share capital 10,200 10,200
Share premium 20,456 20,456
Retained earnings 310,030 459,514
SHAREHOLDERS' FUNDS 340,686 490,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Brosna Furniture Components Ltd (Registered number: 03716021)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





A M P Connor - Director


Brosna Furniture Components Ltd (Registered number: 03716021)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Brosna Furniture Components Ltd 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

Brosna Furniture Components Ltd (Registered number: 03716021)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 188,069 19,039 120,250 89,070 416,428
DEPRECIATION
At 1 April 2023 96,189 10,743 46,627 88,018 241,577
Charge for year 22,970 2,074 18,406 635 44,085
At 31 March 2024 119,159 12,817 65,033 88,653 285,662
NET BOOK VALUE
At 31 March 2024 68,910 6,222 55,217 417 130,766
At 31 March 2023 91,880 8,296 73,623 1,052 174,851

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 20,730 41,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 12,032 12,052
Amounts owed by group undertakings 32,903 29,468
Other debtors 491 59,242
Prepayments and accrued income 15,770 24,150
61,196 124,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 62,416 79,238
Tax 51,063 41,075
Pension liability 886 1,281
VAT 21,287 16,330
Directors' current accounts 56 55
Accruals and deferred income 20,667 46,086
156,375 184,065

Brosna Furniture Components Ltd (Registered number: 03716021)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A M P Connor
Balance outstanding at start of year (55 ) 3,762
Amounts repaid - (3,817 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (55 ) (55 )

9. RELATED PARTY DISCLOSURES

Brosna Holdings Limited

Brosna Furniture Components Limited is a subsidiary of Brosna Holdings Limited.

Brosna Furniture Components Limited is owed £15,344 (2023 - £13,920) from Brosna Holdings Limited as of the balance sheet date, 31 March 2024.



Brosna Employee Ownership Trust Limited

Brosna Furniture Components Limited is ultimately controlled by Brosna Employee Ownership Trust Limited via the subsidiary Brosna Holdings Limited.

Brosna Furniture Components Limited is owed £17,559 (2023 - £15,548) from Brosna Employee Ownership Trust Limited as of the balance sheet date, 31 March 2024.