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COMPANY REGISTRATION NUMBER: 09206800
Brollachan Limited
Unaudited Financial Statements
30 September 2024
Brollachan Limited
Financial Statements
Year ended 30 September 2024
Contents
Pages
Officers and professional advisers
1
Directors' report
2 to 3
Statement of income and retained earnings
4
Statement of financial position
5 to 6
Notes to the financial statements
7 to 11
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
13
Brollachan Limited
Officers and Professional Advisers
The board of directors
Mr I Buxton
Mrs L Buxton
Registered office
17 Somers Road
Malvern
Worcestershire
WR14 1HJ
Accountants
Gibson McKerrell Burrows Limited
Chartered Accountants
28 Rutland Square
Edinburgh
EH1 2BW
Brollachan Limited
Directors' Report
Year ended 30 September 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2024 .
Principal activities
Brollachan Limited is a provider of independent consulting services. The company also receives royalties for books written by one of the directors. The company ceased trading on 30 September 2024 and the directors are seeking to strike the company off.
Directors
The directors who served the company during the year were as follows:
Mr I Buxton
Mrs L Buxton
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 8 November 2024 and signed on behalf of the board by:
Mr I Buxton
Mrs L Buxton
Director
Director
Company Secretary
Registered office:
17 Somers Road
Malvern
Worcestershire
WR14 1HJ
Brollachan Limited
Statement of Income and Retained Earnings
Year ended 30 September 2024
2024
2023
Note
£
£
Turnover
47,762
53,259
---------
---------
Gross profit
47,762
53,259
Administrative expenses
77,565
62,243
---------
---------
Operating loss
( 29,803)
( 8,984)
Other interest receivable and similar income
8
48
---------
---------
Loss before taxation
5
( 29,795)
( 8,936)
Tax on loss
1,721
264
---------
-------
Loss for the financial year and total comprehensive income
( 31,516)
( 9,200)
---------
-------
Dividends paid and payable
( 1,000)
( 2,000)
Retained earnings at the start of the year
34,012
45,212
---------
---------
Retained earnings at the end of the year
1,496
34,012
---------
---------
All the activities of the company are from continuing operations.
Brollachan Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
38,853
Current assets
Debtors
7
170
2,104
Cash at bank and in hand
3,146
5,509
-------
-------
3,316
7,613
Creditors: amounts falling due within one year
8
1,720
12,354
-------
---------
Net current assets/(liabilities)
1,596
( 4,741)
-------
---------
Total assets less current liabilities
1,596
34,112
-------
---------
Net assets
1,596
34,112
-------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,496
34,012
-------
---------
Shareholders funds
1,596
34,112
-------
---------
These financial statements have been prepared 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'.
For the year ending 30 September 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 .
Brollachan Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr I Buxton
Mrs L Buxton
Director
Director
Company registration number: 09206800
Brollachan Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 17 Somers Road, Malvern, Worcestershire, WR14 1HJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures & fittings
-
25% reducing balance
Motor vehicle
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 as a finance cost 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 2 (2023: 2 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
13,101
----
---------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2023
239
63,945
6,849
71,033
Disposals
( 239)
( 63,945)
( 6,849)
( 71,033)
----
---------
-------
---------
At 30 September 2024
----
---------
-------
---------
Depreciation
At 1 October 2023
223
27,976
3,981
32,180
Disposals
( 223)
( 27,976)
( 3,981)
( 32,180)
----
---------
-------
---------
At 30 September 2024
----
---------
-------
---------
Carrying amount
At 30 September 2024
----
---------
-------
---------
At 30 September 2023
16
35,969
2,868
38,853
----
---------
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
119
2,104
Other debtors
51
----
-------
170
2,104
----
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
11,986
Corporation tax
1,720
265
Social security and other taxes
103
-------
---------
1,720
12,354
-------
---------
9. Related party transactions
The company was under the control of Mr I R Buxton and Mrs L M Buxton throughout the current period. Mr Buxton is the managing director.
Brollachan Limited
Management Information
Year ended 30 September 2024
The following pages do not form part of the financial statements.
Brollachan Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Brollachan Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brollachan Limited for the year ended 30 September 2024, as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Brollachan Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Brollachan Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brollachan Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Brollachan 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 Brollachan Limited. You consider that Brollachan 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 Brollachan 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.
Gibson McKerrell Burrows Limited Chartered Accountants
28 Rutland Square Edinburgh EH1 2BW
8 November 2024