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REGISTERED NUMBER: 06302862 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Brian Brazington Limited

Brian Brazington Limited (Registered number: 06302862)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brian Brazington Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: BA Brazington





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 06302862 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Brian Brazington Limited (Registered number: 06302862)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 431,946 437,954
431,946 437,954

CURRENT ASSETS
Inventories 13,750 14,500
Debtors 6 11,691 13,735
Cash at bank 10,433 14,145
35,874 42,380
CREDITORS
Amounts falling due within one year 7 40,738 103,894
NET CURRENT LIABILITIES (4,864 ) (61,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,082

376,440

CREDITORS
Amounts falling due after more than one
year

8

(5,709

)

(9,708

)

PROVISIONS FOR LIABILITIES (92,049 ) (70,277 )
NET ASSETS 329,324 296,455

Brian Brazington Limited (Registered number: 06302862)

Statement of Financial Position - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,224 296,355
SHAREHOLDERS' FUNDS 329,324 296,455

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





BA Brazington - Director


Brian Brazington Limited (Registered number: 06302862)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Brian Brazington 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. 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
Revenue 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 2007, 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.

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 - at varying rates on cost
Plant and machinery - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories 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 comprehensive income, 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.


Brian Brazington Limited (Registered number: 06302862)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 30,000
AMORTISATION
At 1 February 2023
and 31 January 2024 30,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Brian Brazington Limited (Registered number: 06302862)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. PROPERTY, PLANT AND EQUIPMENT
Land and Plant and Computer
buildings machinery equipment Totals
£    £    £    £   
COST
At 1 February 2023 83,160 750,580 3,645 837,385
Additions - 39,200 - 39,200
At 31 January 2024 83,160 789,780 3,645 876,585
DEPRECIATION
At 1 February 2023 16,518 379,268 3,645 399,431
Charge for year 4,158 41,050 - 45,208
At 31 January 2024 20,676 420,318 3,645 444,639
NET BOOK VALUE
At 31 January 2024 62,484 369,462 - 431,946
At 31 January 2023 66,642 371,312 - 437,954

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023 293,085
Transfer to ownership (188,085 )
At 31 January 2024 105,000
DEPRECIATION
At 1 February 2023 91,283
Charge for year 20,180
Transfer to ownership (68,464 )
At 31 January 2024 42,999
NET BOOK VALUE
At 31 January 2024 62,001
At 31 January 2023 201,802

Brian Brazington Limited (Registered number: 06302862)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,668 6,563
Other debtors 8,023 7,172
11,691 13,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 3,890 33,314
Trade creditors 3,768 16,171
Taxation and social security 16,861 23,204
Other creditors 12,219 27,205
40,738 103,894

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 5,709 9,708

9. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's loan account in the sum of £9,244 (2023: £24,230). The loan is unsecured, interest free and carries no fixed date of repayment.

10. CONTROLLING PARTY

The company is controlled by the director by virtue of his shareholding.