7 01/08/2023 31/07/2024 2024-07-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-08-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05445872 2023-08-01 2024-07-31 05445872 2024-07-31 05445872 2023-07-31 05445872 2022-08-01 2023-07-31 05445872 2023-07-31 05445872 2022-07-31 05445872 core:PlantMachinery 2023-08-01 2024-07-31 05445872 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 05445872 bus:Director1 2023-08-01 2024-07-31 05445872 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 05445872 core:PlantMachinery 2023-07-31 05445872 core:FurnitureFittingsToolsEquipment 2023-07-31 05445872 core:PlantMachinery 2024-07-31 05445872 core:FurnitureFittingsToolsEquipment 2024-07-31 05445872 core:WithinOneYear 2024-07-31 05445872 core:WithinOneYear 2023-07-31 05445872 core:ShareCapital 2024-07-31 05445872 core:ShareCapital 2023-07-31 05445872 core:RetainedEarningsAccumulatedLosses 2024-07-31 05445872 core:RetainedEarningsAccumulatedLosses 2023-07-31 05445872 core:IntangibleAssetsOtherThanGoodwill 2023-07-31 05445872 core:PlantMachinery 2023-07-31 05445872 core:FurnitureFittingsToolsEquipment 2023-07-31 05445872 bus:SmallEntities 2023-08-01 2024-07-31 05445872 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05445872 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05445872 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05445872 bus:FullAccounts 2023-08-01 2024-07-31
Company registration number: 05445872
Brenmoor Ltd
Unaudited filleted financial statements
31 July 2024
Brenmoor Ltd
Contents
Statement of financial position
Notes to the financial statements
Brenmoor Ltd
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 3,125 3,125
Tangible assets 6 28,260 31,929
_______ _______
31,385 35,054
Current assets
Stocks 52,124 37,500
Debtors 7 276,069 167,929
Cash at bank and in hand 189,791 129,486
_______ _______
517,984 334,915
Creditors: amounts falling due
within one year 8 ( 280,813) ( 176,689)
_______ _______
Net current assets 237,171 158,226
_______ _______
Total assets less current liabilities 268,556 193,280
Provisions for liabilities ( 3,234) ( 3,931)
_______ _______
Net assets 265,322 189,349
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 264,322 188,349
_______ _______
Shareholders funds 265,322 189,349
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 November 2024 , and are signed on behalf of the board by:
Mr P Brennan
Director
Company registration number: 05445872
Brenmoor Ltd
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Ryefield Business Park, Belton Road, Silsden, West Yorkshire, BD20 0EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Combined other intangible assets - nil
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 August 2023 and 31 July 2024 3,125 3,125
_______ _______
Amortisation
At 1 August 2023 and 31 July 2024 - -
_______ _______
Carrying amount
At 31 July 2024 3,125 3,125
_______ _______
At 31 July 2023 3,125 3,125
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 August 2023 30,958 49,657 80,615
Additions - 1,210 1,210
_______ _______ _______
At 31 July 2024 30,958 50,867 81,825
_______ _______ _______
Depreciation
At 1 August 2023 28,766 19,920 48,686
Charge for the year 336 4,543 4,879
_______ _______ _______
At 31 July 2024 29,102 24,463 53,565
_______ _______ _______
Carrying amount
At 31 July 2024 1,856 26,404 28,260
_______ _______ _______
At 31 July 2023 2,192 29,737 31,929
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 244,971 138,939
Other debtors 31,098 28,990
_______ _______
276,069 167,929
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 218,857 159,306
Corporation tax 52,323 11,918
Other creditors 9,633 5,465
_______ _______
280,813 176,689
_______ _______