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REGISTERED NUMBER: 14690140 (England and Wales)















Unaudited Financial Statements

for the Period 27 February 2023 to 31 March 2024

for

Alyn Brewis Limited

Alyn Brewis Limited (Registered number: 14690140)






Contents of the Financial Statements
for the Period 27 February 2023 to 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Alyn Brewis Limited

Company Information
for the Period 27 February 2023 to 31 March 2024







DIRECTORS: L Brewis
A Brewis





REGISTERED OFFICE: 87 Station Road
Ashington
Northumberland
NE63 8RS





REGISTERED NUMBER: 14690140 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alyn Brewis 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 of Alyn Brewis Limited for the period ended 31 March 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 Board of Directors of Alyn Brewis Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alyn Brewis Limited and state those matters that we have agreed to state to the Board of Directors of Alyn Brewis Limited, as a body, 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 Alyn Brewis Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alyn Brewis 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 profit of Alyn Brewis Limited. You consider that Alyn Brewis Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Alyn Brewis 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.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


25 July 2024

Alyn Brewis Limited (Registered number: 14690140)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 12,002

CURRENT ASSETS
Stocks 5 312,512
Debtors 6 73,455
Cash at bank and in hand 41,754
427,721
CREDITORS
Amounts falling due within one year 7 241,065
NET CURRENT ASSETS 186,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,658

CREDITORS
Amounts falling due after more than one
year

8

33,986
NET ASSETS 164,672

CAPITAL AND RESERVES
Called up share capital 120
Retained earnings 164,552
SHAREHOLDERS' FUNDS 164,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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.

Alyn Brewis Limited (Registered number: 14690140)

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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





A Brewis - Director


Alyn Brewis Limited (Registered number: 14690140)

Notes to the Financial Statements
for the Period 27 February 2023 to 31 March 2024

1. STATUTORY INFORMATION

Alyn Brewis 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 financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the sale of used vehicles as well as other vehicle related services. The point of sale is when the legal title passes to the new owner ir maintenance/servicing is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% on reducing balance per annum

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost included all costs of purchases and other costs incurred in bringing the stock to its present condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Alyn Brewis Limited (Registered number: 14690140)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Assets obtained under hire purchase contracts or financial leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Trade debtors and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade creditors and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

Alyn Brewis Limited (Registered number: 14690140)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 14,122
At 31 March 2024 14,122
DEPRECIATION
Charge for period 2,120
At 31 March 2024 2,120
NET BOOK VALUE
At 31 March 2024 12,002

5. STOCKS
£   
Stocks 312,512

6. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 56,372
Prepayments 15,774
72,146

Amounts falling due after more than one year:
Other debtors 1,309

Aggregate amounts 73,455

Alyn Brewis Limited (Registered number: 14690140)

Notes to the Financial Statements - continued
for the Period 27 February 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 7,228
Hire purchase contracts 7,367
Trade creditors 50,816
Tax 53,195
Social security and other taxes 5,501
VAT 42,494
Other creditors 33,741
Net wages 616
Pension 177
Directors' current accounts 39,930
241,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 15,363
Hire purchase contracts 18,623
33,986