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REGISTERED NUMBER: 09652015 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BRAYSHAW N LIMITED

BRAYSHAW N LIMITED (REGISTERED NUMBER: 09652015)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAYSHAW N LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTOR: N J Wales





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 09652015 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

BRAYSHAW N LIMITED (REGISTERED NUMBER: 09652015)

BALANCE SHEET
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,763 60,627

CURRENT ASSETS
Debtors 5 44,501 57,625
Cash at bank 2 2
44,503 57,627
CREDITORS
Amounts falling due within one year 6 55,041 61,331
NET CURRENT LIABILITIES (10,538 ) (3,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,225

56,923

CREDITORS
Amounts falling due after more than one year 7 (74,679 ) (101,537 )

PROVISIONS FOR LIABILITIES 9 (10,025 ) (8,893 )
NET LIABILITIES (42,479 ) (53,507 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (42,480 ) (53,508 )
SHAREHOLDERS' FUNDS (42,479 ) (53,507 )

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

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

BRAYSHAW N LIMITED (REGISTERED NUMBER: 09652015)

BALANCE SHEET - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th February 2025 and were signed by:





N J Wales - Director


BRAYSHAW N LIMITED (REGISTERED NUMBER: 09652015)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Brayshaw N 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BRAYSHAW N LIMITED (REGISTERED NUMBER: 09652015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 2,236 358 104,453 462 107,509
Additions 480 - 14,600 - 15,080
Disposals - - (36,453 ) - (36,453 )
At 31st March 2024 2,716 358 82,600 462 86,136
DEPRECIATION
At 1st April 2023 987 153 45,340 402 46,882
Charge for year 261 41 12,469 20 12,791
Eliminated on disposal - - (26,300 ) - (26,300 )
At 31st March 2024 1,248 194 31,509 422 33,373
NET BOOK VALUE
At 31st March 2024 1,468 164 51,091 40 52,763
At 31st March 2023 1,249 205 59,113 60 60,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 9,523 11,567
Directors' current accounts 25,982 35,993
Tax 8,596 5,517
Prepayments 400 4,548
44,501 57,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 25,715 32,139
Hire purchase contracts 13,600 18,256
Trade creditors 1,022 6,087
Tax 5,693 1,160
Social security and other taxes 6,497 2,233
Accrued expenses 2,514 1,456
55,041 61,331

BRAYSHAW N LIMITED (REGISTERED NUMBER: 09652015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 22,059 22,038
Bank loans - 2-5 years 31,087 42,783
Hire purchase contracts 21,533 36,716
74,679 101,537

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 35,133 54,972

The hire purchase creditors are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 10,025 8,893

Deferred
tax
£   
Balance at 1st April 2023 8,893
Accelerated capital allowances 1,132
Balance at 31st March 2024 10,025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1 Ordinary £1 1 1

11. ULTIMATE CONTROLLING PARTY

The whole of the issued share capital of the company is owned by Mr N Wales.