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REGISTERED NUMBER: 08825405 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

BRICK KILN COMPOSITES LIMITED

BRICK KILN COMPOSITES LIMITED (REGISTERED NUMBER: 08825405)






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


BRICK KILN COMPOSITES LIMITED

Company Information
for the year ended 31 May 2024







DIRECTORS: J A T Matthews
H G Wood





REGISTERED OFFICE: 9 Worton Park
Cassington
Oxfordshire
OX29 4SX





REGISTERED NUMBER: 08825405 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

BRICK KILN COMPOSITES LIMITED (REGISTERED NUMBER: 08825405)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 670,553 786,846

CURRENT ASSETS
Stocks 235,746 389,560
Debtors 6 951,720 471,654
Cash at bank 1,191,550 331,276
2,379,016 1,192,490
CREDITORS
Amounts falling due within one year 7 794,612 401,325
NET CURRENT ASSETS 1,584,404 791,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,254,957

1,578,011

CREDITORS
Amounts falling due after more than one year 8 (84,155 ) (132,765 )

PROVISIONS FOR LIABILITIES (230,107 ) (185,943 )
NET ASSETS 1,940,695 1,259,303

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,940,595 1,259,203
SHAREHOLDERS' FUNDS 1,940,695 1,259,303

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 9 July 2024 and were signed on its behalf by:




J A T Matthews - Director



H G Wood - Director


BRICK KILN COMPOSITES LIMITED (REGISTERED NUMBER: 08825405)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Brick Kiln Composites 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue from the sales of goods is recognised when the Company has transferred the significant risks and
rewards of ownership to the buyer and it is probable that the Company will receive the previously agreed upon payment. These criteria are considered to be met when the goods are delivered to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvement - 10% on cost
Plant and machinery - 20% on reducing balance, 10% on reducing balance and 5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BRICK KILN COMPOSITES LIMITED (REGISTERED NUMBER: 08825405)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

3. ACCOUNTING POLICIES - continued

Work in progress
Components within the production process that have been cured are included as work in progress which is shown in the accounts within trade debtors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 48 ) .

5. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property Plant and and
improvement machinery fittings
£    £    £   
COST
At 1 June 2023 226,419 1,346,143 34,797
Additions - 16,608 -
Disposals - - -
At 31 May 2024 226,419 1,362,751 34,797
DEPRECIATION
At 1 June 2023 158,214 679,690 19,697
Charge for year 22,642 102,054 3,775
Eliminated on disposal - - -
At 31 May 2024 180,856 781,744 23,472
NET BOOK VALUE
At 31 May 2024 45,563 581,007 11,325
At 31 May 2023 68,205 666,453 15,100

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 24,995 62,292 1,694,646
Additions - 7,103 23,711
Disposals - (5,865 ) (5,865 )
At 31 May 2024 24,995 63,530 1,712,492
DEPRECIATION
At 1 June 2023 6,249 43,950 907,800
Charge for year 4,686 6,200 139,357
Eliminated on disposal - (5,218 ) (5,218 )
At 31 May 2024 10,935 44,932 1,041,939
NET BOOK VALUE
At 31 May 2024 14,060 18,598 670,553
At 31 May 2023 18,746 18,342 786,846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 909,129 413,339
Other debtors 21,127 28,273
Prepayments and accrued income 21,464 30,042
951,720 471,654

BRICK KILN COMPOSITES LIMITED (REGISTERED NUMBER: 08825405)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 50,300 48,484
Trade creditors 221,645 131,231
Tax 218,424 -
Social security and other taxes 73,098 67,669
VAT 186,365 86,358
Other creditors 11,801 2,351
Accrued expenses 32,979 65,232
794,612 401,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 84,155 132,765

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 53,753 52,737
Between one and five years 85,552 137,615
139,305 190,352

Finance charges repayable:
Within one year 3,453 4,253
Between one and five years 1,397 4,850
4,850 9,103

Net obligations repayable:
Within one year 50,300 48,484
Between one and five years 84,155 132,765
134,455 181,249

Non-cancellable operating leases
2024 2023
£    £   
Within one year 160,000 160,000
Between one and five years 320,000 480,000
480,000 640,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £0.1 100 100