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REGISTERED NUMBER: 09024928 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BRONSENS ACCOUNTANTS LIMITED

BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)






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


BRONSENS ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr D G Freeman
Mr M N Winks
Mr P J Burton
Mr N Tacon
Mr A E Stevens





SECRETARY: Mr N Tacon





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





REGISTERED NUMBER: 09024928 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,426,000 1,426,000
Tangible assets 5 7,428 7,338
1,433,428 1,433,338

CURRENT ASSETS
Stocks 6 267,927 200,749
Debtors 7 396,864 516,607
Investments 8 15 15
Cash at bank and in hand 122,095 166,371
786,901 883,742
CREDITORS
Amounts falling due within one year 9 365,326 495,827
NET CURRENT ASSETS 421,575 387,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,855,003

1,821,253

CREDITORS
Amounts falling due after more than one
year

10

(184,275

)

(222,557

)

PROVISIONS FOR LIABILITIES 12 (1,347 ) -
NET ASSETS 1,669,381 1,598,696

CAPITAL AND RESERVES
Called up share capital 13 110,100 110,100
Retained earnings 1,559,281 1,488,596
SHAREHOLDERS' FUNDS 1,669,381 1,598,696

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.

BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)

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 18 January 2025 and were signed on its behalf by:




Mr M N Winks - Director Mr D G Freeman - Director




Mr P J Burton - Director Mr N Tacon - Director




Mr A E Stevens - Director


BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Bronsens Accountants 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. 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 represents the total fee note value for services provided during the period, excluding value added tax as adjusted for changes in work in progress.

Goodwill
Purchased goodwill is capitalised in the year of acquisition. An impairment review is carried out each year and any impairments are written off to the profit and loss account.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is valued on the basis of the extent to which the revenue has been earned, taking into account the stage of completion of the work carried out and the final expected value of the total fee notes.

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 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.

BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 1,426,000
NET BOOK VALUE
At 31 May 2024 1,426,000
At 31 May 2023 1,426,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 14,788 4,749 30,415 49,952
Additions - - 5,302 5,302
At 31 May 2024 14,788 4,749 35,717 55,254
DEPRECIATION
At 1 June 2023 13,162 3,826 25,626 42,614
Charge for year 407 231 4,574 5,212
At 31 May 2024 13,569 4,057 30,200 47,826
NET BOOK VALUE
At 31 May 2024 1,219 692 5,517 7,428
At 31 May 2023 1,626 923 4,789 7,338

6. STOCKS
31.5.24 31.5.23
£    £   
Work-in-progress 267,927 200,749

BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 357,272 426,679
Other debtors 3,217 5,441
Prepayments 36,375 84,487
396,864 516,607

8. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Unlisted investments 15 15

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,730 10,644
Trade creditors 86,464 111,594
Tax 127,792 147,148
Social security and other taxes 22,849 19,504
VAT 80,584 141,372
Other creditors - 172
Accrued expenses 36,907 65,393
365,326 495,827

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 10,730 10,644
Bank loans - 2-5 years - 9,817
Other creditors 137,589 134,365
Directors' loan accounts 35,956 67,731
184,275 222,557

11. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 21,460 31,105

NatWest Bank Plc holds a fixed charge dated 30 June 2014 over the assets of the company.

12. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 1,347 -

BRONSENS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 09024928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 1,347
Balance at 31 May 2024 1,347

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
25,000 Ordinary A £1 25,000 25,000
25,000 Ordinary B £1 25,000 25,000
25,000 Ordinary C £1 25,000 25,000
10,000 Ordinary D £1 10,000 10,000
25,000 Ordinary E £1 25,000 25,000
100 Ordinary T £1 100 100
110,100 110,100