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REGISTERED NUMBER: 11949347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TWO BRASS MONKEYS LIMITED

TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)






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


TWO BRASS MONKEYS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr A C Morris
Mr S J Nicholls





REGISTERED OFFICE: 10 Robinson Avenue
Goffs Oak
Waltham Cross
Hertfordshire
EN7 5NY





REGISTERED NUMBER: 11949347 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,171 7,927

CURRENT ASSETS
Stocks 5 20,574 32,515
Cash at bank and in hand 38,645 26,893
59,219 59,408
CREDITORS
Amounts falling due within one year 6 60,816 60,925
NET CURRENT LIABILITIES (1,597 ) (1,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,574

6,410

PROVISIONS FOR LIABILITIES 7 1,362 1,506
NET ASSETS 4,212 4,904

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 4,112 4,804
SHAREHOLDERS' FUNDS 4,212 4,904

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 directors acknowledge their 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.

TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




Mr A C Morris - Director



Mr S J Nicholls - Director


TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Two Brass Monkeys 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 is measured at the fair value of the consideration received or receivable, net of discounts and rebates. Turnover includes revenue earned from the sale of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group undertakings and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 10,395 141 10,688 21,224
Additions - - 3,054 3,054
At 30 April 2024 10,395 141 13,742 24,278
DEPRECIATION
At 1 May 2023 7,106 73 6,118 13,297
Charge for year 822 17 2,971 3,810
At 30 April 2024 7,928 90 9,089 17,107
NET BOOK VALUE
At 30 April 2024 2,467 51 4,653 7,171
At 30 April 2023 3,289 68 4,570 7,927

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 20,574 32,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,020 1,020
Taxation 450 355
Directors' current accounts 58,325 58,529
Accruals and deferred income 1,021 1,021
60,816 60,925

TWO BRASS MONKEYS LIMITED (REGISTERED NUMBER: 11949347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 1,362 1,506

Deferred
tax
£   
Balance at 1 May 2023 1,506
Credit to Statement of Income and Retained Earnings during year (144 )
Balance at 30 April 2024 1,362

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £0.1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 4,804
Profit for the year 1,308
Dividends (2,000 )
At 30 April 2024 4,112