Company registration number 04227716 (England and Wales)
THE BRUNEL CONSULTANCY (U.K.) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
THE BRUNEL CONSULTANCY (U.K.) LTD
COMPANY INFORMATION
Directors
Mr B J Cross
Mrs J A Cross
Company number
04227716
Registered office
Grenville House
322 Stratford Road
Shirley
Solihull
West Midlands
B90 3DN
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
1 Calthorpe Road
Edgbaston
Birmingham
West Midlands
B15 1QL
THE BRUNEL CONSULTANCY (U.K.) LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
THE BRUNEL CONSULTANCY (U.K.) LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE BRUNEL CONSULTANCY (U.K.) LTD FOR THE YEAR ENDED 30 JUNE 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Brunel Consultancy (U.K.) Ltd for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of The Brunel Consultancy (U.K.) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Brunel Consultancy (U.K.) Ltd and state those matters that we have agreed to state to the board of directors of The Brunel Consultancy (U.K.) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Brunel Consultancy (U.K.) Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that The Brunel Consultancy (U.K.) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Brunel Consultancy (U.K.) Ltd. You consider that The Brunel Consultancy (U.K.) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Brunel Consultancy (U.K.) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
27 January 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
THE BRUNEL CONSULTANCY (U.K.) LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
750
Tangible assets
4
87
174
87
924
Current assets
Debtors
5
9,648
13,085
Cash at bank and in hand
8,152
14,841
17,800
27,926
Creditors: amounts falling due within one year
6
(11,960)
(21,019)
Net current assets
5,840
6,907
Total assets less current liabilities
5,927
7,831
Provisions for liabilities
7
(17)
(33)
Net assets
5,910
7,798
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
5,810
7,698
Total equity
5,910
7,798
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
THE BRUNEL CONSULTANCY (U.K.) LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 27 January 2025 and are signed on its behalf by:
Mr B J Cross
Director
Company registration number 04227716 (England and Wales)
THE BRUNEL CONSULTANCY (U.K.) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information
The Brunel Consultancy (U.K.) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Grenville House, 322 Stratford Road, Shirley, Solihull, West Midlands, United Kingdom, B90 3DN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Intangible fixed assets - goodwill
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 8 years as assessed in 2015.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on cost
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
THE BRUNEL CONSULTANCY (U.K.) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
15,000
Amortisation and impairment
At 1 July 2023
14,250
Amortisation charged for the year
750
At 30 June 2024
15,000
Carrying amount
At 30 June 2024
At 30 June 2023
750
THE BRUNEL CONSULTANCY (U.K.) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 July 2023 and 30 June 2024
15,081
Depreciation and impairment
At 1 July 2023
14,907
Depreciation charged in the year
87
At 30 June 2024
14,994
Carrying amount
At 30 June 2024
87
At 30 June 2023
174
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,598
12,590
Other debtors
50
495
9,648
13,085
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,971
3,850
Taxation and social security
5,953
15,132
Other creditors
2,036
2,037
11,960
21,019
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
17
33
THE BRUNEL CONSULTANCY (U.K.) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
50
50
50
50
Ordinary Deferred of £1 each
50
50
50
50
100
100
100
100
9
Ultimate controlling party
The ultimate controlling party is Mr B J Cross and Mrs J A Cross.