BROOK FARM AGGREGATES LIMITED

Company Registration Number:
11834128 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

BROOK FARM AGGREGATES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

BROOK FARM AGGREGATES LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 151,830 66,867
Total fixed assets: 151,830 66,867
Current assets
Stocks: 18,000 17,000
Debtors:   169,417 135,414
Cash at bank and in hand: 134,041 98,965
Total current assets: 321,458 251,379
Creditors: amounts falling due within one year: 4 (146,796) (75,755)
Net current assets (liabilities): 174,662 175,624
Total assets less current liabilities: 326,492 242,491
Creditors: amounts falling due after more than one year: 5 (51,971) (17,032)
Provision for liabilities: (24,078)
Total net assets (liabilities): 250,443 225,459
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 250,343 225,359
Shareholders funds: 250,443 225,459

The notes form part of these financial statements

BROOK FARM AGGREGATES LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: G W Kemp
Status: Director

The notes form part of these financial statements

BROOK FARM AGGREGATES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

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 follow Plant and machinery - 20% Straight Line Motor vehicles - 25% Reducing Balance

Other accounting policies

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 Pensions Contributions to defined contribution plans are expensed in the period to which they relate Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

BROOK FARM AGGREGATES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

BROOK FARM AGGREGATES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 113,753
Additions 133,649
At 28 February 2024 247,402
Depreciation
At 01 March 2023 46,886
Charge for year 48,686
At 28 February 2024 95,572
Net book value
At 28 February 2024 151,830
At 28 February 2023 66,867

BROOK FARM AGGREGATES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

Bank Loans and overdrafts. £10,668. £ - Obligations under hire purchase contracts. £21,667. £- Trade creditors. £68,192. £54,159 Taxation and social security costs. £16,675. £17,270 Other creditors. £29,594. £4,326 Total. £146,796. £75,755

BROOK FARM AGGREGATES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due after more than one year note

Bank Loans. £17,665. £17,032 Obligations under hire purchase £34,306. £- Total. £51,971. £ 17,032