Registered number
01558349
D G Bruce Enterprises Limited
Unaudited Filleted Accounts
31 October 2024
D G Bruce Enterprises Limited
Registered number: 01558349
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,168,213 1,168,327
Investments 4 253,503 253,503
1,421,716 1,421,830
Current assets
Debtors 5 67,235 66,576
Cash at bank and in hand 72,456 67,796
139,691 134,372
Creditors: amounts falling due within one year 6 (44,854) (47,519)
Net current assets 94,837 86,853
Total assets less current liabilities 1,516,553 1,508,683
Provisions for liabilities (123) (191)
Net assets 1,516,430 1,508,492
Capital and reserves
Called up share capital 2,102 2,102
Profit and loss account 1,514,328 1,506,390
Shareholders' funds 1,516,430 1,508,492
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
D.G.Bruce
Director
Approved by the board on 31 December 2024
D G Bruce Enterprises Limited
Notes to the Accounts
for the year ended 31 October 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue from rents receivable during the financial year.
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:
Freehold buildings 0%
Plant and machinery 15% on written down value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 1,169,306 12,944 1,182,250
At 31 October 2024 1,169,306 12,944 1,182,250
Depreciation
At 1 November 2023 1,742 12,181 13,923
Charge for the year - 114 114
At 31 October 2024 1,742 12,295 14,037
Net book value
At 31 October 2024 1,167,564 649 1,168,213
At 31 October 2023 1,167,564 763 1,168,327
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2023 253,503
At 31 October 2024 253,503
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 65,018 63,018
Other debtors 2,217 3,558
67,235 66,576
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,727 61
Taxation and social security costs 4,162 6,797
Other creditors 38,965 40,661
44,854 47,519
7 Controlling party
The controlling party is D.G.Bruce by virtue of his ownership of 97% of the issued Ordinary share capital of the company.
8 Other information
D G Bruce Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is:
48 Perry Street,
Northfleet,
Kent,
DA11 8RE
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