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REGISTERED NUMBER: 13415287 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Brad Brett Farriery Ltd

Brad Brett Farriery Ltd (Registered number: 13415287)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brad Brett Farriery Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: B R Brett
Miss C Wardle





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 13415287 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Brad Brett Farriery Ltd (Registered number: 13415287)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,262 15,016

CURRENT ASSETS
Debtors 5 10,614 5,746
Cash at bank and in hand 95,498 62,027
106,112 67,773
CREDITORS
Amounts falling due within one year 6 49,315 28,183
NET CURRENT ASSETS 56,797 39,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,059

54,606

CREDITORS
Amounts falling due after more than one
year

7

-

(10,516

)

PROVISIONS FOR LIABILITIES (2,140 ) (2,853 )
NET ASSETS 65,919 41,237

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,819 41,137
65,919 41,237

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.

Brad Brett Farriery Ltd (Registered number: 13415287)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





B R Brett - Director


Brad Brett Farriery Ltd (Registered number: 13415287)

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


1. STATUTORY INFORMATION

Brad Brett Farriery Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Brad Brett Farriery Ltd (Registered number: 13415287)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 1,520 25,016 26,536
DEPRECIATION
At 1 June 2023 576 10,944 11,520
Charge for year 236 3,518 3,754
At 31 May 2024 812 14,462 15,274
NET BOOK VALUE
At 31 May 2024 708 10,554 11,262
At 31 May 2023 944 14,072 15,016

Brad Brett Farriery Ltd (Registered number: 13415287)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 25,016
DEPRECIATION
At 1 June 2023 10,944
Charge for year 3,518
At 31 May 2024 14,462
NET BOOK VALUE
At 31 May 2024 10,554
At 31 May 2023 14,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,783 5,397
Other debtors 1,831 349
10,614 5,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,516 3,484
Trade creditors - 2,344
Taxation and social security 20,943 16,596
Other creditors 17,856 5,759
49,315 28,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 10,516

Brad Brett Farriery Ltd (Registered number: 13415287)

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


8. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's current account in the sum of £14,961 (2023: £2,497). The account is unsecured, interest free and carries no fixed date of repayment.