Registered number
07683734
Braerathy Limited
Filleted Accounts
31 May 2024
Braerathy Limited
Registered number: 07683734
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 183,948 176,069
Current assets
Debtors 4 - 6,357
Cash at bank and in hand 322,402 206,656
322,402 213,013
Creditors: amounts falling due within one year 5 (128,133) (71,882)
Net current assets 194,269 141,131
Net assets 378,217 317,200
Capital and reserves
Called up share capital 1 1
Profit and loss account 378,216 317,199
Shareholder's funds 378,217 317,200
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………………..
M Kelly
Director
Approved by the board on 6 February 2025
Braerathy Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 165,388 15,969 15,120 196,477
Additions 10,550 - - 10,550
At 31 May 2024 175,938 15,969 15,120 207,027
Depreciation
At 1 June 2023 - 6,886 13,522 20,408
Charge for the year - 2,271 400 2,671
At 31 May 2024 - 9,157 13,922 23,079
Net book value
At 31 May 2024 175,938 6,812 1,198 183,948
At 31 May 2023 165,388 9,083 1,598 176,069
4 Debtors 2024 2023
£ £
Corporation tax - 6,357
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 53,915 -
Director's account 72,524 70,246
Other creditors 1,694 1,636
128,133 71,882
6 Other information
Braerathy Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 The Croft
Liscombe Park
Soulbury
Leighton Buzzard
LU7 0GU
Braerathy Limited 07683734 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 M Kelly No description of principal activity 07683734 core:WithinOneYear 2023-05-31 07683734 core:ShareCapital 2023-05-31 07683734 core:RetainedEarningsAccumulatedLosses 2023-05-31 07683734 2023-06-01 2024-05-31 07683734 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07683734 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07683734 bus:Director40 2023-06-01 2024-05-31 07683734 core:LandBuildings 2023-06-01 2024-05-31 07683734 core:PlantMachinery 2023-06-01 2024-05-31 07683734 core:Vehicles 2023-06-01 2024-05-31 07683734 countries:England 2023-06-01 2024-05-31 07683734 bus:FRS102 2023-06-01 2024-05-31 07683734 bus:FilletedAccounts 2023-06-01 2024-05-31 07683734 2024-05-31 07683734 core:WithinOneYear 2024-05-31 07683734 core:ShareCapital 2024-05-31 07683734 core:RetainedEarningsAccumulatedLosses 2024-05-31 07683734 core:LandBuildings 2024-05-31 07683734 core:PlantMachinery 2024-05-31 07683734 core:Vehicles 2024-05-31 07683734 2023-05-31 07683734 core:LandBuildings 2023-05-31 07683734 core:PlantMachinery 2023-05-31 07683734 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure