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REGISTERED NUMBER: 06030712 (England and Wales)


















BRINSONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BRINSONS LIMITED (REGISTERED NUMBER: 06030712)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRINSONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T A Isaac





REGISTERED OFFICE: 'Eastgate'
Market Street
Caerphilly
Mid Glamorgan
CF83 1NX





REGISTERED NUMBER: 06030712 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

BRINSONS LIMITED (REGISTERED NUMBER: 06030712)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 300,000 300,000
Tangible assets 5 4,440 7,981
304,440 307,981

CURRENT ASSETS
Debtors 6 40,589 29,120
Cash at bank 87,864 86,148
128,453 115,268
CREDITORS
Amounts falling due within one year 7 (217,265 ) (226,134 )
NET CURRENT LIABILITIES (88,812 ) (110,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,628

197,115

CREDITORS
Amounts falling due after more than one
year

8

(58,854

)

(71,648

)

PROVISIONS FOR LIABILITIES (975 ) (1,820 )
NET ASSETS 155,799 123,647

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 155,599 123,447
155,799 123,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BRINSONS LIMITED (REGISTERED NUMBER: 06030712)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





T A Isaac - Director


BRINSONS LIMITED (REGISTERED NUMBER: 06030712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Brinsons 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

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.
Fixtures and Fittings - Straight line over 4 years

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

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
Rentals paid under operating leases are charged to profit or 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 year was 13 (2023 - 14 ) .

BRINSONS LIMITED (REGISTERED NUMBER: 06030712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,029,632
AMORTISATION
At 1 April 2023
and 31 March 2024 729,632
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 300,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
Fittings
£   
COST
At 1 April 2023 34,518
Additions 590
Disposals (1,840 )
At 31 March 2024 33,268
DEPRECIATION
At 1 April 2023 26,537
Charge for year 2,813
Eliminated on disposal (522 )
At 31 March 2024 28,828
NET BOOK VALUE
At 31 March 2024 4,440
At 31 March 2023 7,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,818 15,485
Prepayments and accrued income 15,771 13,635
40,589 29,120

BRINSONS LIMITED (REGISTERED NUMBER: 06030712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,578 55,850
Trade creditors 23,581 24,586
Corporation tax 12,240 -
Social security and other taxes 6,763 9,725
VAT 20,081 26,580
Other creditors 94,125 94,785
Directors' current accounts 315 9,907
Accruals and deferred income 14,582 4,701
217,265 226,134

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 58,854 71,648

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Finance Wales 38,324 -

The long-term loan with Finance Wales is secured by a fixed and floating charge over all assets, now or in the future, belonging to the Company and by a negative pledge.

10. OTHER FINANCIAL COMMITMENTS

At the year end date, the company had financial commitments of £49,696 (2023 £62,120) in respect of an operating lease on the printer and phones.