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REGISTERED NUMBER: 00286527 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bray And Slaughter Limited

Bray And Slaughter Limited (Registered number: 00286527)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bray And Slaughter Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G M Jefferies





REGISTERED OFFICE: Locks Mills Parson Street
Bedminster
Bristol
BS3 5RD





REGISTERED NUMBER: 00286527 (England and Wales)





ACCOUNTANTS: P W John & Co
Parkview
23 Wadham Street
Weston-super-Mare
Somerset
BS23 1JZ

Bray And Slaughter Limited (Registered number: 00286527)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,002,229 833,818

CURRENT ASSETS
Stocks 5 - 58,115
Debtors 6 948,146 2,089,554
Cash at bank and in hand 919,678 1,504,366
1,867,824 3,652,035
CREDITORS
Amounts falling due within one year 7 (1,510,334 ) (3,049,789 )
NET CURRENT ASSETS 357,490 602,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,359,719

1,436,064

CREDITORS
Amounts falling due after more than one
year

8

(40,000

)

(120,000

)
NET ASSETS 1,319,719 1,316,064

CAPITAL AND RESERVES
Called up share capital 3,726 3,726
Capital redemption reserve 10 6,286 6,286
Retained earnings 10 1,309,707 1,306,052
SHAREHOLDERS' FUNDS 1,319,719 1,316,064

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 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.

Bray And Slaughter Limited (Registered number: 00286527)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





G M Jefferies - Director


Bray And Slaughter Limited (Registered number: 00286527)

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

1. STATUTORY INFORMATION

Bray And Slaughter 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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis.

The key judgements and sources of estimation uncertainty that have a significant risk of resulting in material adjustment within the next financial year are described below.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write of each asset over its estimated useful life;

Freehold property- not provided
Plant and machinery- 20% on reducing balance
Fixtures and fittings- 20% on reducing balance
Motor vehicles- 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases where a significant portion of the risks and rewards of ownership is transferred to the Company, are classified as finance leases.

Leases other than finance leases are classified as operating leases. Payments made under operating leases are recognised as an expense in the income statement on a straight-line basis over the lease term.

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.

Going concern
The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. This is in line with director's forecasts for the business over the next 12 months.

Revenue
Revenue is recognised to the extent that it is probable that economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Bray And Slaughter Limited (Registered number: 00286527)

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

2. ACCOUNTING POLICIES - continued

Construction contracts
Where the outcome of a contract can be estimated reliably, contract revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date and profit is that estimated to fairly reflect the profit arising up to that date.

Where it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised immediately.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 800,000 196,427 281,858 19,230 1,297,515
Additions - 802 535 32,495 33,832
Disposals - - - (19,230 ) (19,230 )
Revaluations 150,000 - - - 150,000
At 31 March 2024 950,000 197,229 282,393 32,495 1,462,117
DEPRECIATION
At 1 April 2023 - 191,584 253,276 18,837 463,697
Charge for year - 1,081 5,823 8,124 15,028
Eliminated on disposal - - - (18,837 ) (18,837 )
At 31 March 2024 - 192,665 259,099 8,124 459,888
NET BOOK VALUE
At 31 March 2024 950,000 4,564 23,294 24,371 1,002,229
At 31 March 2023 800,000 4,843 28,582 393 833,818

The director considers the fair value of the freehold property at the year end to be £950,000.

The historic cost of the freehold property was £1,249,068.

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 950,000 - - - 950,000
Cost - 197,229 282,393 32,495 512,117
950,000 197,229 282,393 32,495 1,462,117

Bray And Slaughter Limited (Registered number: 00286527)

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

5. STOCKS
31.3.24 31.3.23
£    £   
Net costs less foreseeable losses - 58,115

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 841,828 1,916,968
Other debtors 106,318 172,586
948,146 2,089,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 60,000 60,000
Payments on account 155,203 364,780
Trade creditors 983,052 1,813,262
Taxation and social security 99,432 344,746
Other creditors 212,647 467,001
1,510,334 3,049,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 40,000 120,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 100,000 180,000

The bank loan is secured by way of a fixed charge.

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 1,306,052 6,286 1,312,338
Profit for the year 3,655 3,655
At 31 March 2024 1,309,707 6,286 1,315,993

Bray And Slaughter Limited (Registered number: 00286527)

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

11. DEFINED CONTRIBUTION PENSION SCHEME

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £48,649 (2023: £139,273).

12. DIRECTOR'S 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
£    £   
G M Jefferies
Balance outstanding at start of year 13,281 18,960
Amounts advanced 282 321
Amounts repaid (750 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,813 13,281

Interest is charged at 2.25% (2023 2.5%) on the loan account balances.