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REGISTERED NUMBER: 04130818 (England and Wales)















BRAMPTON HOME FURNISHERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Abridged Balance Sheet 1 to 3

Notes to the Financial Statements 4 to 6


BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 565,218 569,987
565,219 569,988

CURRENT ASSETS
Stocks 267,100 264,200
Debtors 64,057 11,287
Cash at bank and in hand 246,861 273,133
578,018 548,620
CREDITORS
Amounts falling due within one year (174,793 ) (179,837 )
NET CURRENT ASSETS 403,225 368,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,444

938,771

PROVISIONS FOR LIABILITIES (12,534 ) (13,673 )
NET ASSETS 955,910 925,098

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 163,502 163,502
Retained earnings 792,308 761,496
SHAREHOLDERS' FUNDS 955,910 925,098

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.

BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

ABRIDGED 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.

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

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

BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

ABRIDGED BALANCE SHEET - continued
30 April 2024



The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





Mr J D Mycock - Director


BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Brampton Home Furnishers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04130818

Registered office: 78-88 Chatsworth Road
Brampton
Chesterfield
Derbyshire
S40 2AN

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 - 25% on cost

Freehold property is carried at its revalued amount. A revaluation is carried out by the directors every five years. Freehold land and buildings are maintained in a good state of repair and it is considered that the residual values are such that depreciation is not material.

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 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.


BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

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
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

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 year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE

At 30 April 2024 1
At 30 April 2023 1

BRAMPTON HOME FURNISHERS LIMITED (REGISTERED NUMBER: 04130818)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 638,092
Additions 2,569
Disposals (10,219 )
At 30 April 2024 630,442
DEPRECIATION
At 1 May 2023 68,105
Charge for year 7,338
Eliminated on disposal (10,219 )
At 30 April 2024 65,224
NET BOOK VALUE
At 30 April 2024 565,218
At 30 April 2023 569,987

Cost or valuation at 30 April 2024 is represented by:

Totals
£   
Valuation in 2021 171,689
Cost 458,753
630,442

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 379,100 379,100

Freehold land and buildings were valued on an open market basis basis on 30 April 2021 by the director .

6. OTHER FINANCIAL COMMITMENTS

The company has non cancellable lease obligations of £14,099 (2023: £10,308).

7. RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, by virtue of their shareholding.