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REGISTERED NUMBER: 02437927 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 May 2024

for

Braley Business Systems Limited

Braley Business Systems Limited (Registered number: 02437927)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Braley Business Systems Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr I T M Trueman
Miss N F Trueman



SECRETARY: Mrs G E Trueman



REGISTERED OFFICE: Unit 7, Dragon Court
Crofts End Road
Fishponds
Bristol
City of Bristol
BS5 7XX



REGISTERED NUMBER: 02437927 (England and Wales)



ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY



BANKERS: Lloyds Bank plc
40 High Street
Chipping Sodbury
Bristol
BS37 6AW

Braley Business Systems Limited (Registered number: 02437927)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,144 47,187

CURRENT ASSETS
Stocks 54,157 59,846
Debtors 5 222,715 215,284
Cash at bank and in hand 298,387 280,417
575,259 555,547
CREDITORS
Amounts falling due within one year 6 80,735 64,187
NET CURRENT ASSETS 494,524 491,360
TOTAL ASSETS LESS CURRENT LIABILITIES 526,668 538,547

PROVISIONS FOR LIABILITIES 7,744 9,129
NET ASSETS 518,924 529,418

CAPITAL AND RESERVES
Called up share capital 7 16,000 16,000
Retained earnings 502,924 513,418
SHAREHOLDERS' FUNDS 518,924 529,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mr I T M Trueman - Director


Braley Business Systems Limited (Registered number: 02437927)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Braley Business Systems 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.

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.

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

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 - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates an executive pension scheme. Contributions are based on the recommendations of the actuaries to the pension scheme. Contributions payable for the year are charged in the profit and loss account.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Braley Business Systems Limited (Registered number: 02437927)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 8,957 124,139 13,912 147,008
DEPRECIATION
At 1 June 2023 7,173 78,736 13,912 99,821
Charge for year 281 14,762 - 15,043
At 31 May 2024 7,454 93,498 13,912 114,864
NET BOOK VALUE
At 31 May 2024 1,503 30,641 - 32,144
At 31 May 2023 1,784 45,403 - 47,187

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 152,954 145,937
Tax 626 626
Prepayments 4,778 3,426
158,358 149,989

Amounts falling due after more than one year:
Other debtors 64,357 65,295

Aggregate amounts 222,715 215,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 29,748 17,277
Tax 23,878 32,115
Social security and other taxes 2,072 1,170
VAT 16,880 3,130
Other creditors 4,551 3,752
Directors' current accounts 96 4,193
Deferred income 1,050 -
Accrued expenses 2,460 2,550
80,735 64,187

Braley Business Systems Limited (Registered number: 02437927)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
15,000 Ordinary £1 15,000 15,000
1,000 Ordinary B £1 1,000 1,000
16,000 16,000

8. CAPITAL COMMITMENTS

Rents of £15,000 (2023 - £14,125) were paid to the Braley Business Systems Limited Executive Pension Scheme.

Rents of £6,000 (2023 - £6,000) were paid to Gem Realty Limited, a company under common control. Gem Realty were owed £500 (2023 - £500) at the year end.

9. RELATED PARTY DISCLOSURES

At the year end Gem Realty Ltd, a company with common interest, owed Braley Business Systems Ltd £64,357 (2023 - £65,295). The loan was unsecured and interest free.