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REGISTERED NUMBER: 07871750 (England and Wales)














Unaudited Financial Statements

for the period

1st January 2023 to 30th April 2024

for

Brewer Wallace Limited

Brewer Wallace Limited (Registered number: 07871750)






Contents of the Financial Statements
for the period 1st January 2023 to 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Brewer Wallace Limited

Company Information
for the period 1st January 2023 to 30th April 2024







DIRECTORS: R G Wallace
D M Brewer
J C Stones
H S Field



REGISTERED OFFICE: 2 Parliament Street
Hull
East Yorkshire
HU1 2AP



REGISTERED NUMBER: 07871750 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Barclauys Bank PLlc
Leicester
Leicestershire
LE87 2BB

Brewer Wallace Limited (Registered number: 07871750)

Abridged Balance Sheet
30th April 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,446 39,404

CURRENT ASSETS
Stocks 689 600
Debtors 628,877 219,364
Cash at bank and in hand 103,483 217,281
733,049 437,245
CREDITORS
Amounts falling due within one year 444,246 276,854
NET CURRENT ASSETS 288,803 160,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,249

199,795

CREDITORS
Amounts falling due after more than one
year

(8,333

)

(75,000

)

PROVISIONS FOR LIABILITIES (7,862 ) (7,487 )
NET ASSETS 304,054 117,308

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 303,954 117,208
SHAREHOLDERS' FUNDS 304,054 117,308

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th 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.

Brewer Wallace Limited (Registered number: 07871750)

Abridged Balance Sheet - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd January 2025 and were signed on its behalf by:





D M Brewer - Director


Brewer Wallace Limited (Registered number: 07871750)

Notes to the Financial Statements
for the period 1st January 2023 to 30th April 2024

1. STATUTORY INFORMATION

Brewer Wallace 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that the future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

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 etc - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell, the impairment loss is recongnised immediately in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Brewer Wallace Limited (Registered number: 07871750)

Notes to the Financial Statements - continued
for the period 1st January 2023 to 30th 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 period 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.

Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 121,836
Additions 8,369
At 30th April 2024 130,205
DEPRECIATION
At 1st January 2023 82,432
Charge for period 16,327
At 30th April 2024 98,759
NET BOOK VALUE
At 30th April 2024 31,446
At 31st December 2022 39,404

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary £1 100 100