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REGISTERED NUMBER: 07118265 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BRAYZEL NARROWBOATS LIMITED

BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BRAYZEL NARROWBOATS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: A G Crook





REGISTERED OFFICE: Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 07118265 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,836 45,716
35,836 45,716

CURRENT ASSETS
Stocks 60,000 97,000
Debtors 6 109,401 63,935
169,401 160,935
CREDITORS
Amounts falling due within one year 7 102,841 69,841
NET CURRENT ASSETS 66,560 91,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,396

136,810

CREDITORS
Amounts falling due after more than one
year

8

(87,662

)

(74,143

)

PROVISIONS FOR LIABILITIES (1,252 ) (1,252 )
NET ASSETS 13,482 61,415

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,382 61,315
SHAREHOLDERS' FUNDS 13,482 61,415

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.

BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

BALANCE SHEET - continued
31 January 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 28 October 2024 and were signed by:





A G Crook - Director


BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Brayzel Narrowboats 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.

The company is dependent upon the continuing support of its director and other creditors to enable it to meet its day to day working capital requirements.

On this basis the financial statements have been prepared on the going concern basis, the financial statements do not include any adjustments that would result in the withdrawal of support by the creditors.

Turnover
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 60,000
AMORTISATION
At 1 February 2023
and 31 January 2024 60,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 59,063
DEPRECIATION
At 1 February 2023 13,347
Charge for year 9,880
At 31 January 2024 23,227
NET BOOK VALUE
At 31 January 2024 35,836
At 31 January 2023 45,716

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 25,499 312
Amounts owed by group undertakings 25,609 25,499
Other debtors 58,293 38,124
109,401 63,935

BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 37,183 42,930
Hire purchase contracts 4,584 4,584
Trade creditors 35,124 7,689
Amounts owed to group undertakings 7,226 9,396
Taxation and social security 17,014 4,017
Other creditors 1,710 1,225
102,841 69,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 61,025 43,678
Hire purchase contracts 26,637 30,465
87,662 74,143

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,432 43,211

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdrafts 9,388 20,848
Bank loans 88,820 65,760
Hire purchase contracts 31,221 35,049
129,429 121,657

BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
A G Crook
Balance outstanding at start of year 35,480 19,830
Amounts advanced 66,260 59,601
Amounts repaid (53,880 ) (43,951 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,860 35,480

11. ULTIMATE CONTROLLING PARTY

The controlling party is A G Crook.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRAYZEL NARROWBOATS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brayzel Narrowboats Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brayzel Narrowboats Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brayzel Narrowboats Limited and state those matters that we have agreed to state to the director of Brayzel Narrowboats Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brayzel Narrowboats Limited and its director for our work or for this report.

It is your duty to ensure that Brayzel Narrowboats Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brayzel Narrowboats Limited. You consider that Brayzel Narrowboats Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brayzel Narrowboats Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB


28 October 2024