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REGISTERED NUMBER: 07596613 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

BRG Developments Limited

BRG Developments Limited (Registered number: 07596613)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRG Developments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B R Goodwin





REGISTERED OFFICE: Unit 14a Waterside Business Park
Livingstone Road
Hessle
East Yorkshire
HU13 0EG





REGISTERED NUMBER: 07596613 (England and Wales)






BRG Developments Limited (Registered number: 07596613)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,018 5,978
Tangible assets 5 38,951 47,562
42,969 53,540

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 6 1,002 1,071
Cash at bank 4 4
5,506 5,575
CREDITORS
Amounts falling due within one year 7 353,206 336,703
NET CURRENT LIABILITIES (347,700 ) (331,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(304,731

)

(277,588

)

CREDITORS
Amounts falling due after more than one
year

8

3,000

4,800
NET LIABILITIES (307,731 ) (282,388 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 2,675 2,675
Retained earnings (310,506 ) (285,163 )
SHAREHOLDERS' FUNDS (307,731 ) (282,388 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRG Developments Limited (Registered number: 07596613)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





B R Goodwin - Director


BRG Developments Limited (Registered number: 07596613)

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

1. STATUTORY INFORMATION

BRG Developments 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date.

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

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

Tangible fixed assets
Plant and machinery - 50% on cost, 33% on cost, 25% on cost and 6.33% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


BRG Developments Limited (Registered number: 07596613)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 19,605
AMORTISATION
At 1 May 2023 13,627
Charge for year 1,960
At 30 April 2024 15,587
NET BOOK VALUE
At 30 April 2024 4,018
At 30 April 2023 5,978

BRG Developments Limited (Registered number: 07596613)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 109,569
DEPRECIATION
At 1 May 2023 62,007
Charge for year 8,611
At 30 April 2024 70,618
NET BOOK VALUE
At 30 April 2024 38,951
At 30 April 2023 47,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 240 -
Other debtors 762 1,071
1,002 1,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,713 3,349
Trade creditors 2,108 2,346
Other creditors 348,385 331,008
353,206 336,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 3,000 4,800