Registered number
07226034
Browns Short Break Respite Limited
Filleted Accounts
31 July 2024
Browns Short Break Respite Limited
Registered number: 07226034
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 83,896 75,282
Current assets
Debtors 4 289,867 229,615
Cash at bank and in hand 375,194 286,742
665,061 516,357
Creditors: amounts falling due within one year 5 (143,262) (102,018)
Net current assets 521,799 414,339
Total assets less current liabilities 605,695 489,621
Provisions for liabilities (10,483) (7,534)
Net assets 595,212 482,087
Capital and reserves
Called up share capital 110 110
Profit and loss account 595,102 481,977
Shareholders' funds 595,212 482,087
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Brown
Director
Approved by the board on 20 November 2024
Browns Short Break Respite Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% per year reducing balance
Motor vehicles 20% per year reducing balance
Fixtures, fittings, tools and equipment 20% per year reducing balance
Leasehold property improvements 5% per year on a straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 105 88
3 Tangible fixed assets
Leasehold property improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 30,092 89,711 57,350 177,153
Additions - 8,679 16,495 25,174
Disposals - - (3,100) (3,100)
At 31 July 2024 30,092 98,390 70,745 199,227
Depreciation
At 1 August 2023 6,018 66,967 28,886 101,871
Charge for the year 2,006 4,548 8,738 15,292
On disposals - - (1,832) (1,832)
At 31 July 2024 8,024 71,515 35,792 115,331
Net book value
At 31 July 2024 22,068 26,875 34,953 83,896
At 31 July 2023 24,074 22,744 28,464 75,282
4 Debtors 2024 2023
£ £
Trade debtors 276,282 229,615
Other debtors 13,585 -
289,867 229,615
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 806
Taxation and social security costs 84,223 51,002
Other creditors 59,039 50,210
143,262 102,018
6 Prior year adjustment
The accounts have been restated to correct a £66,304 understatement of trade debtors relating to the accounting period ending 31.07.2023 . Consequently profits before tax were undersated by this £66,304 and corporation tax by £13,963,
7 Other information
Browns Short Break Respite Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nunn Street
St Helens
WA9 1SF
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