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Registered number: 11348124
Brucan Pubs Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Rodliffe Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11348124
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 63,721 117,920
63,721 117,920
CURRENT ASSETS
Stocks 5 26,197 38,578
Debtors 6 257,035 240,633
Cash at bank and in hand 182,114 153,965
465,346 433,176
Creditors: Amounts Falling Due Within One Year 7 (445,840 ) (353,577 )
NET CURRENT ASSETS (LIABILITIES) 19,506 79,599
TOTAL ASSETS LESS CURRENT LIABILITIES 83,227 197,519
Creditors: Amounts Falling Due After More Than One Year 8 - (70,626 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,104 ) -
NET ASSETS 75,123 126,893
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 75,122 126,892
SHAREHOLDERS' FUNDS 75,123 126,893
Page 1
Page 2
For the year ending 31 March 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 James Lyon-Shaw
Director
17/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brucan Pubs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11348124 . The registered office is C/O Rodliffe Accounting Ltd, Level 33, 25 Canada Square, London, E14 5LB.
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. 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:
Leasehold 25% SLM
Plant & Machinery 25% SLM
Fixtures & Fittings 25% SLM
Computer Equipment 25% SLM
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2023: 36)
36 36
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 93,899 124,550 1,517 219,966
Additions - 112,053 829 112,882
Disposals - (112,053 ) - (112,053 )
As at 31 March 2024 93,899 124,550 2,346 220,795
Depreciation
As at 1 April 2023 39,117 61,412 1,517 102,046
Provided during the period 23,475 60,639 415 84,529
Disposals - (29,501 ) - (29,501 )
As at 31 March 2024 62,592 92,550 1,932 157,074
Net Book Value
As at 31 March 2024 31,307 32,000 414 63,721
As at 1 April 2023 54,782 63,138 - 117,920
5. Stocks
31 March 2024 31 March 2023
£ £
Stock 26,197 38,578
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Page 5
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 11,332 8,390
Prepayments and accrued income 416 7,983
Other debtors 9,796 12,446
Deferred tax current asset - 11,996
Amounts owed by group undertakings 235,491 199,818
257,035 240,633
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 47,621 67,712
Trade creditors 117,280 81,730
Bank loans and overdrafts 125,979 38,819
Corporation tax 4,822 19,646
Other taxes and social security 20,279 21,535
VAT 59,336 88,063
Net wages 20,099 -
Other creditors 15,563 16,953
Pension Payable 2,707 1,521
Accruals and deferred income 28,653 14,097
Director's loan account 3,501 3,501
445,840 353,577
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts - 20,626
Other creditors - 50,000
- 70,626
9. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 47,621 67,712
Later than one year and not later than five years - 20,626
47,621 88,338
47,621 88,338
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 (11,996 ) (11,996)
Additions 20,100 20,100
Balance at 31 March 2024 8,104 8,104
11. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
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