IRIS Accounts Production v24.3.0.553 04468494 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044684942023-07-31044684942024-07-31044684942023-08-012024-07-31044684942022-07-31044684942022-08-012023-07-31044684942023-07-3104468494ns15:EnglandWales2023-08-012024-07-3104468494ns14:PoundSterling2023-08-012024-07-3104468494ns10:Director12023-08-012024-07-3104468494ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104468494ns10:SmallEntities2023-08-012024-07-3104468494ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3104468494ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104468494ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104468494ns10:FullAccounts2023-08-012024-07-3104468494ns10:OrdinaryShareClass12023-08-012024-07-3104468494ns10:Director22023-08-012024-07-3104468494ns10:CompanySecretary12023-08-012024-07-3104468494ns10:RegisteredOffice2023-08-012024-07-3104468494ns5:CurrentFinancialInstruments2024-07-3104468494ns5:CurrentFinancialInstruments2023-07-3104468494ns5:ShareCapital2024-07-3104468494ns5:ShareCapital2023-07-3104468494ns5:CapitalRedemptionReserve2024-07-3104468494ns5:CapitalRedemptionReserve2023-07-3104468494ns5:RetainedEarningsAccumulatedLosses2024-07-3104468494ns5:RetainedEarningsAccumulatedLosses2023-07-3104468494ns5:PlantMachinery2023-08-012024-07-3104468494ns5:PlantMachinery2023-07-3104468494ns5:PlantMachinery2024-07-3104468494ns5:PlantMachinery2023-07-3104468494ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3104468494ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3104468494ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 04468494 (England and Wales)















BROOKS AND SIMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BROOKS AND SIMS LIMITED (REGISTERED NUMBER: 04468494)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


BROOKS AND SIMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R J Sims
Mrs N Edwards-Sims





SECRETARY: R J Sims





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 04468494 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

BROOKS AND SIMS LIMITED (REGISTERED NUMBER: 04468494)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 51,978 22,776

CURRENT ASSETS
Inventories 1,875 1,250
Debtors 5 128,726 70,544
Cash at bank 241,321 242,061
371,922 313,855
CREDITORS
Amounts falling due within one year 6 106,233 96,040
NET CURRENT ASSETS 265,689 217,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,667

240,591

PROVISIONS FOR LIABILITIES 13,713 5,655
NET ASSETS 303,954 234,936

CAPITAL AND RESERVES
Called up share capital 7 50 50
Capital redemption reserve 50 50
Retained earnings 303,854 234,836
SHAREHOLDERS' FUNDS 303,954 234,936

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

BROOKS AND SIMS LIMITED (REGISTERED NUMBER: 04468494)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 31 October 2024 and were signed on its behalf by:





R J Sims - Director


BROOKS AND SIMS LIMITED (REGISTERED NUMBER: 04468494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Brooks and Sims 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue represents net invoiced sales of goods, excluding value added tax.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Work in progress is valued at the lower of cost and fair value less costs to complete and sell.

Taxation
Taxation for the year 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 statement of financial position date.


BROOKS AND SIMS LIMITED (REGISTERED NUMBER: 04468494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 statement of financial position 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 year 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.

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 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 139,261
Additions 55,812
Disposals (31,000 )
At 31 July 2024 164,073
DEPRECIATION
At 1 August 2023 116,485
Charge for year 16,801
Eliminated on disposal (21,191 )
At 31 July 2024 112,095
NET BOOK VALUE
At 31 July 2024 51,978
At 31 July 2023 22,776

BROOKS AND SIMS LIMITED (REGISTERED NUMBER: 04468494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,170 65,244
Other debtors 273 2
Prepayments 6,283 5,298
128,726 70,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,154 22,285
Taxation 46,415 45,066
Other taxes and social security 11,034 23,949
Directors' loan accounts 30,882 1,920
Accrued expenses 2,748 2,820
106,233 96,040

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50