Company Registration No. 10459443 (England and Wales)
BRAZZLE CANVEY ISLAND LIMITED
Unaudited accounts
for the year ended 31 December 2023
BRAZZLE CANVEY ISLAND LIMITED
Unaudited accounts
Contents
BRAZZLE CANVEY ISLAND LIMITED
Company Information
for the year ended 31 December 2023
Company Number
10459443 (England and Wales)
Registered Office
95 MIDDLESEX STREET
LONDON
E1 7DA
ENGLAND
Accountants
London Accounting Firm
Jasmine
Langley Park Road
Iver
SL0 0JQ
BRAZZLE CANVEY ISLAND LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
6,000
8,000
Tangible assets
66,233
94,019
Cash at bank and in hand
10,932
6
Creditors: amounts falling due within one year
(323,068)
(325,043)
Net current liabilities
(251,381)
(268,220)
Total assets less current liabilities
(179,148)
(166,201)
Creditors: amounts falling due after more than one year
(265,326)
(244,919)
Net liabilities
(444,474)
(411,120)
Called up share capital
101
1
Profit and loss account
(444,575)
(411,121)
Shareholders' funds
(444,474)
(411,120)
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Huw Wardrope
Director
Company Registration No. 10459443
BRAZZLE CANVEY ISLAND LIMITED
Notes to the Accounts
for the year ended 31 December 2023
BRAZZLE CANVEY ISLAND LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10459443. The registered office is 95 MIDDLESEX STREET, LONDON, E1 7DA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the remaining lease term
Fixtures & fittings
20% Straight Line
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
BRAZZLE CANVEY ISLAND LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
35,000
At 31 December 2023
29,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
286,154
17,571
303,725
At 31 December 2023
286,188
20,770
306,958
At 1 January 2023
193,892
15,814
209,706
Charge for the year
31,019
-
31,019
At 31 December 2023
224,911
15,814
240,725
At 31 December 2023
61,277
4,956
66,233
At 31 December 2022
92,262
1,757
94,019
Amounts falling due within one year
Amounts due from group undertakings etc.
49,338
45,450
Accrued income and prepayments
1,302
1,302
Other debtors
10,000
10,000
BRAZZLE CANVEY ISLAND LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
35,187
87,967
Trade creditors
25,712
13,649
Taxes and social security
21,521
16,236
Loans from directors
197,417
166,092
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
190,677
203,085
9
Transactions with related parties
At the balance sheet date the company owed to/from companies under common control. The loans are interest free and repayable on demand.
Amount owed to Brazzle Finance Ltd - £190,677
Amount receivable from Brazzle Ltd - £49,336
The immediate parent company is Brazzle Holdings Limited and the ultimate controlling party is Mr H Wardrope.
11
Average number of employees
During the year the average number of employees was 4 (2022: 5).