2023-03-01 06101057 2024-02-29 06101057 2023-03-01 2024-02-29 06101057 2023-02-28 06101057 2022-03-01 2023-02-28 06101057 uk-core:WithinOneYear 2023-02-28 06101057 uk-core:WithinOneYear 2024-02-29 06101057 uk-core:ShareCapital 2024-02-29 06101057 uk-core:ShareCapital 2023-02-28 06101057 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 06101057 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 06101057 uk-bus:Director1 2023-03-01 2024-02-29 06101057 uk-core:PlantMachinery 2023-03-01 2024-02-29 06101057 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-29 06101057 uk-core:FurnitureFittings 2023-03-01 2024-02-29 06101057 uk-core:FurnitureFittings 2023-02-28 06101057 uk-core:CommercialMotorVehicles 2023-02-28 06101057 uk-core:PlantMachinery 2023-02-28 06101057 uk-core:PlantMachinery 2024-02-29 06101057 uk-core:CommercialMotorVehicles 2024-02-29 06101057 uk-core:FurnitureFittings 2024-02-29 iso4217:GBP xbrli:pure 06101057 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06101057 uk-bus:FRS102 2023-03-01 2024-02-29 06101057 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 06101057 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Brothers Builders Limited
Registered Number:06101057
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Brothers Builders Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06101057
As at 29 February 2024
Brothers Builders Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
28,639
20,066
2
28,639
20,066
Current assets
Inventories
5,275
19,750
3
Trade and other receivables
62,851
72,162
4
50,501
Cash and cash equivalents
45,452
137,364
118,627
Trade and other payables: amounts falling due within one
year
(13,471)
(85,443)
5
105,156
51,921
Net current assets
Total assets less current liabilities
80,560
125,222
80,560
Net assets
125,222
Capital and reserves
Called up share capital
100
100
Retained earnings
80,460
125,122
80,560
125,222
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Buta Singh Nijjar Director
These financial statements were approved and authorised for issue by the Board on 09 January 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 29 February 2024
Brothers Builders Limited
Notes to the Financial Statements
Statutory Information
Brothers Builders Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06101057.
Registered address:
18 Abercorn Gardens
Romford
Essex
RM6 4SX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15.00% Reducing balance
25.00% Reducing balance
Motor vehicles
15.00% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 29 February 2024
Brothers Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 March 2023
55,501
3,009
29,667
22,825
17,300
-
17,300
-
Additions
-
(9,167)
-
Disposals
(9,167)
At 29 February 2024
22,825
37,800
3,009
63,634
Provision for depreciation and impairment
At 01 March 2023
35,435
2,022
17,217
16,196
Charge for year
8,529
148
7,387
994
(8,969)
-
(8,969)
-
On disposal
At 29 February 2024
34,995
2,170
15,635
17,190
At 29 February 2024
Net book value
5,635
22,165
839
28,639
At 28 February 2023
6,629
12,450
987
20,066
3. Inventories
2023
2024
£
£
Stocks
19,750
5,275
4. Trade and other receivables
2023
2024
£
£
Trade debtors
60,655
35,713
Other debtors
11,507
27,138
62,851
72,162
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
19,950
2,296
Other creditors
65,493
11,175
85,443
13,471
3 of 4
6
For the year ended 29 February 2024
Brothers Builders Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
4 of 4