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REGISTERED NUMBER: 06503774 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

Bramleys Greengrocers Limited

Bramleys Greengrocers Limited (Registered number: 06503774)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Bramleys Greengrocers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R J Butt
Mrs J M Butt
J R Butt





SECRETARY: Mrs J M Butt





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 06503774 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Bramleys Greengrocers Limited

Report of the Accountants to the Directors of
Bramleys Greengrocers Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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 profit. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


31 July 2024

Bramleys Greengrocers Limited (Registered number: 06503774)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 424,906 349,928
424,906 349,928

CURRENT ASSETS
Stocks 444,402 355,259
Debtors 6 1,219,114 1,021,952
Cash at bank and in hand 402,729 111,904
2,066,245 1,489,115
CREDITORS
Amounts falling due within one year 7 1,154,895 936,309
NET CURRENT ASSETS 911,350 552,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,256

902,734

CREDITORS
Amounts falling due after more than
one year

8

(277,232

)

(327,066

)

PROVISIONS FOR LIABILITIES (104,313 ) (85,300 )
NET ASSETS 954,711 490,368

Bramleys Greengrocers Limited (Registered number: 06503774)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 953,711 489,368
SHAREHOLDERS' FUNDS 954,711 490,368

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 directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




R J Butt - Director Mrs J M Butt - Director




J R Butt - Director


Bramleys Greengrocers Limited (Registered number: 06503774)

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


1. STATUTORY INFORMATION

Bramleys Greengrocers 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
Turnover 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 2008, has been amortised evenly over its estimated useful life of ten years. Goodwill is now fully amortised.

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.
Improvements to property - 25% on reducing balance and 10% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks 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 Income and Retained Earnings, 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 balance sheet date.

Bramleys Greengrocers Limited (Registered number: 06503774)

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


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Bramleys Greengrocers Limited (Registered number: 06503774)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 563,490
Additions 201,208
Disposals (16,524 )
At 31 March 2024 748,174
DEPRECIATION
At 1 April 2023 213,562
Charge for year 122,301
Eliminated on disposal (12,595 )
At 31 March 2024 323,268
NET BOOK VALUE
At 31 March 2024 424,906
At 31 March 2023 349,928

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 681,787 540,075
Other debtors 537,327 481,877
1,219,114 1,021,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,500 74,278
Hire purchase contracts (see note 9) 88,101 66,073
Trade creditors 716,363 665,562
Taxation and social security 263,199 97,171
Other creditors 24,732 33,225
1,154,895 936,309

Bramleys Greengrocers Limited (Registered number: 06503774)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 72,917 146,152
Hire purchase contracts (see note 9) 204,315 180,914
277,232 327,066

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 1 yr 72,917 146,152

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 88,101 66,073
Between one and five years 204,315 180,914
292,416 246,987

Non-cancellable operating leases
2024 2023
£    £   
Within one year 32,000 32,000
Between one and five years 17,079 49,079
49,079 81,079

Bramleys Greengrocers Limited (Registered number: 06503774)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R J Butt and Mrs J M Butt
Balance outstanding at start of year 293,925 285,795
Amounts advanced 9,786 8,130
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 303,711 293,925

J R Butt
Balance outstanding at start of year 25,512 27,629
Amounts advanced 5 -
Amounts repaid - (2,117 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,517 25,512

During the year interest was charged at HMRC's official rate of 2.5% (2023 - 2%).