Registered number
02192359
Brian Wogan Limited
Filleted Accounts
31 March 2024
Brian Wogan Limited
Registered number: 02192359
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,302 -
Tangible assets 4 1,625,192 1,657,616
1,629,494 1,657,616
Current assets
Stocks 89,136 60,623
Debtors 5 722,900 672,717
Cash at bank and in hand 421,392 409,391
1,233,428 1,142,731
Creditors: amounts falling due within one year 6 (765,292) (677,339)
Net current assets 468,136 465,392
Total assets less current liabilities 2,097,630 2,123,008
Creditors: amounts falling due after more than one year 7 (276,655) (326,470)
Provisions for liabilities (99,776) (92,876)
Net assets 1,721,199 1,703,662
Capital and reserves
Called up share capital 2,002 2,002
Revaluation reserve 9 4,000 4,000
Profit and loss account 1,715,197 1,697,660
Shareholders' funds 1,721,199 1,703,662
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B A Wogan
Director
Approved by the board on 2 August 2024
Brian Wogan Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 21
3 Intangible fixed assets £
Goodwill:
Cost
Additions 4,450
At 31 March 2024 4,450
Amortisation
Provided during the year 148
At 31 March 2024 148
Net book value
At 31 March 2024 4,302
.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 1,578,093 856,270 245,057 2,679,420
Additions - 93,437 20,604 114,041
At 31 March 2024 1,578,093 949,707 265,661 2,793,461
Depreciation
At 1 April 2023 319,642 596,404 105,758 1,021,804
Charge for the year 32,361 75,984 38,120 146,465
At 31 March 2024 352,003 672,388 143,878 1,168,269
Net book value
At 31 March 2024 1,226,090 277,319 121,783 1,625,192
At 31 March 2023 1,258,451 259,866 139,299 1,657,616
5 Debtors 2024 2023
£ £
Trade debtors 249,899 214,276
Other debtors 473,001 458,441
722,900 672,717
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 27,200 40,000
Obligations under finance lease and hire purchase contracts 93,592 51,948
Trade creditors 362,691 380,296
Taxation and social security costs 227,791 88,596
Other creditors 54,018 116,499
765,292 677,339
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 208,844 220,378
Obligations under finance lease and hire purchase contracts 67,811 106,092
276,655 326,470
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 236,044 260,378
By a fixed and floatingcharge over the assts of the company.
9 Revaluation reserve 2024 2023
£ £
At 1 April 2023 4,000 4,000
At 31 March 2024 4,000 4,000
10 Controlling party
The company is controlled by Mr B A Wogan.
11 Other information
Brian Wogan Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bourbon House
2 Clement Street
Bristol
BS2 9EQ
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