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REGISTERED NUMBER: 06233081 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

BR&ME Limited

BR&ME Limited (Registered number: 06233081)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BR&ME Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J Wynne
Mrs K Wynne





SECRETARY: Mrs C Smith





REGISTERED OFFICE: 5th Floor
55 & 56 Lincoln's Inn Fields
London
WC2A 3LJ





REGISTERED NUMBER: 06233081 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BR&ME 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 BR&ME Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 BR&ME 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 BR&ME Limited and state those matters that we have agreed to state to the Board of Directors of BR&ME 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 BR&ME Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BR&ME 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 BR&ME Limited. You consider that BR&ME 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 BR&ME 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


22 November 2024

BR&ME Limited (Registered number: 06233081)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 -
Tangible assets 5 209,579 204,851
Investments 6 100 100
223,179 204,951

CURRENT ASSETS
Stocks 78,973 21,214
Debtors 7 2,051,896 1,717,248
Cash at bank and in hand 2,154,195 2,235,074
4,285,064 3,973,536
CREDITORS
Amounts falling due within one year 8 856,983 839,556
NET CURRENT ASSETS 3,428,081 3,133,980
TOTAL ASSETS LESS CURRENT LIABILITIES 3,651,260 3,338,931

CREDITORS
Amounts falling due after more than one year 9 - (37,517 )

PROVISIONS FOR LIABILITIES (25,835 ) (31,732 )
NET ASSETS 3,625,425 3,269,682

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 150 150
Retained earnings 3,625,125 3,269,382
SHAREHOLDERS' FUNDS 3,625,425 3,269,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BR&ME Limited (Registered number: 06233081)

Balance Sheet - continued
30 June 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 22 November 2024 and were signed on its behalf by:





Mr J Wynne - Director


BR&ME Limited (Registered number: 06233081)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

BR&ME 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortidation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 5 years.

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 - 2% on cost

Office Equipment - 15% reducing balance
Computer Equipment - 33% straight line
Motor Vehicles - 20% reducing balance
Property improvements - write off over term of lease

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and 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 Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 balance sheet date.


BR&ME Limited (Registered number: 06233081)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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 40 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 15,000
At 30 June 2024 15,000
AMORTISATION
Charge for year 1,500
At 30 June 2024 1,500
NET BOOK VALUE
At 30 June 2024 13,500

BR&ME Limited (Registered number: 06233081)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 66,805 113,020 164,769 107,515 452,109
Additions 63,852 9,736 - 6,053 79,641
Disposals - (78,809 ) - (30,872 ) (109,681 )
At 30 June 2024 130,657 43,947 164,769 82,696 422,069
DEPRECIATION
At 1 July 2023 66,805 74,101 25,252 81,100 247,258
Charge for year 745 3,612 32,953 16,564 53,874
Eliminated on disposal - (57,770 ) - (30,872 ) (88,642 )
At 30 June 2024 67,550 19,943 58,205 66,792 212,490
NET BOOK VALUE
At 30 June 2024 63,107 24,004 106,564 15,904 209,579
At 30 June 2023 - 38,919 139,517 26,415 204,851

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,175,527 1,028,086
Other debtors 876,369 689,162
2,051,896 1,717,248

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 37,517 9,123
Trade creditors 220,061 225,916
Taxation and social security 429,551 307,840
Other creditors 169,854 296,677
856,983 839,556

BR&ME Limited (Registered number: 06233081)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) - 37,517

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 37,517 9,123
Between one and five years - 37,517
37,517 46,640

Operating lease commitments in respect of the premises rent totalled £986,960 as at 30 June 2024 with £197,392 due within one year..

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr J Wynne
Balance outstanding at start of year (49,298 ) (24,852 )
Amounts advanced 295,325 152,079
Amounts repaid (67,633 ) (176,525 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 178,394 (49,298 )