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Registration number: 00469435

A.e.& F.brittain Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

A.e.& F.brittain Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

A.e.& F.brittain Limited

Company Information

Directors

Mrs A M Dyke

Mr A G Dyke

Company secretary

Mrs A M Dyke

Registered office

Park Garage
Bentley Lane
Walsall
Staffs
WS2 8SS

Accountants

Wychbury Greaves
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

 

A.e.& F.brittain Limited

(Registration number: 00469435)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,989

4,685

Current assets

 

Stocks

5

2,868

4,721

Debtors

14,133

12,194

Cash at bank and in hand

 

29,108

36,108

 

46,109

53,023

Creditors: Amounts falling due within one year

(21,269)

(23,455)

Net current assets

 

24,840

29,568

Total assets less current liabilities

 

28,829

34,253

Creditors: Amounts falling due after more than one year

(18,083)

(25,083)

Net assets

 

10,746

9,170

Capital and reserves

 

Called up share capital

6

6,700

6,700

Retained earnings

4,046

2,470

Shareholders' funds

 

10,746

9,170

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

 

A.e.& F.brittain Limited

(Registration number: 00469435)
Balance Sheet as at 31 December 2023

.........................................
Mrs A M Dyke
Company secretary and director

.........................................
Mr A G Dyke
Director

 

A.e.& F.brittain Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Park Garage
Bentley Lane
Walsall
Staffs
WS2 8SS

These financial statements were authorised for issue by the Board on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

A.e.& F.brittain Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing Balance

Property Improvements

2% Straight Line

Motor Vehicles

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

A.e.& F.brittain Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

3,806

38,795

17,585

60,186

At 31 December 2023

3,806

38,795

17,585

60,186

Depreciation

At 1 January 2023

1,596

38,080

15,825

55,501

Charge for the year

76

180

440

696

At 31 December 2023

1,672

38,260

16,265

56,197

Carrying amount

At 31 December 2023

2,134

535

1,320

3,989

At 31 December 2022

2,210

715

1,760

4,685

Included within the net book value of land and buildings above is £2,134 (2022 - £2,210) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Work in progress

1,859

3,825

Finished goods and goods for resale

1,009

896

2,868

4,721

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

6,700

6,700

6,700

6,700

       
 

A.e.& F.brittain Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

18,083

25,083

8

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £4.48 (2022 - £3.88) per each Ordinary shares

30,000

26,000

 

 

9

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mrs A M Dyke

3,391

13,463

(15,000)

1,854

Mr A G Dyke

3,391

13,463

(15,000)

1,854

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mrs A M Dyke

2,723

13,669

(13,000)

3,391

Mr A G Dyke

2,723

13,669

(13,000)

3,391

Dividends paid to directors

 

A.e.& F.brittain Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2023
£

2022
£

Mrs A M Dyke

15,000

13,000

 

 

Mr A G Dyke

15,000

13,000