Bramling Construction Limited
Registered number: 06779522
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 355,790 362,349
Current assets
Stocks and work in progress - 100,000
Debtors 4 - 480
Cash at bank and in hand 208,302 2,522
208,302 103,002
Creditors: amounts falling due within one year 5 (34,891) 1,318
Net current assets 173,411 104,320
Net assets 529,201 466,669
Capital and reserves
Called up share capital 2 2
Profit and loss account 529,199 466,667
Shareholders' funds 529,201 466,669
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.
M.A. Baldwin Esq
Director
Approved by the board on 6 January 2025
Bramling Construction Limited
Notes to the Accounts
for the year ended 31 December 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks and works in progress
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.
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 (ie 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 372,077 59,123 21,895 453,095
Additions - 1,775 - 1,775
At 31 December 2024 372,077 60,898 21,895 454,870
Depreciation
At 1 January 2024 26,900 45,223 18,623 90,746
Charge for the year 4,900 2,780 654 8,334
At 31 December 2024 31,800 48,003 19,277 99,080
Net book value
At 31 December 2024 340,277 12,895 2,618 355,790
At 31 December 2023 345,177 13,900 3,272 362,349
4 Debtors 2024 2023
£ £
Trade debtors - 480
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accrued costs 1,110 741
Taxation and social security costs 18,468 (5,720)
Other creditors - Directors 15,313 3,661
34,891 (1,318)
6 Other information
Bramling Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Old Quarry Farm
Littlebourne Road
Canterbury
Kent
CT3 4AF
Registered number
06779522
Bramling Construction Limited
Filleted Accounts
31 December 2024
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