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REGISTERED NUMBER: 03557893 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Brett Polo Limited

Brett Polo Limited (Registered number: 03557893)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brett Polo Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: H A D Brett





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 03557893 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Brett Polo Limited (Registered number: 03557893)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,218 26,419

CURRENT ASSETS
Stocks 28,065 46,643
Debtors 5 37,980 26,673
Cash at bank 5,132 16,424
71,177 89,740
CREDITORS
Amounts falling due within one year 6 98,035 87,761
NET CURRENT (LIABILITIES)/ASSETS (26,858 ) 1,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,640

)

28,398

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,642 ) 28,396
SHAREHOLDERS' FUNDS (5,640 ) 28,398

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

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

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 director and authorised for issue on 21 February 2025 and were signed by:





H A D Brett - Director


Brett Polo Limited (Registered number: 03557893)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Brett Polo 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.

The financial statements have been prepared on a going concern basis. In making this assessment, all information about the foreseeable future including the continued support of the director has been taken into consideration.

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% reducing balance basis
Motor vehicles - 25% reducing balance basis

Stocks
Stocks are valued at the lower of cost or net realisable value at the year end. Stock includes the cost of production.

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 and 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.

Brett Polo Limited (Registered number: 03557893)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 7,305 48,295 55,600
Additions 7,300 - 7,300
Disposals (4,500 ) (13,295 ) (17,795 )
At 31 March 2024 10,105 35,000 45,105
DEPRECIATION
At 1 April 2023 2,940 26,241 29,181
Charge for year 1,613 4,922 6,535
Eliminated on disposal (900 ) (10,929 ) (11,829 )
At 31 March 2024 3,653 20,234 23,887
NET BOOK VALUE
At 31 March 2024 6,452 14,766 21,218
At 31 March 2023 4,365 22,054 26,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,255 -
Other debtors - 1,400
VAT 1,168 1,739
Deferred tax asset 31,056 23,072
Prepayments 501 462
37,980 26,673

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,758 2,054
Net wages - 912
Other creditors 270 -
Directors' current accounts 85,712 83,545
Accrued expenses 1,295 1,250
98,035 87,761

Brett Polo Limited (Registered number: 03557893)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEFERRED TAX
£   
Balance at 1 April 2023 (23,072 )
Accelerated capital allowances (900 )
Unutilised taxation losses (7,084 )
Balance at 31 March 2024 (31,056 )

8. RELATED PARTY DISCLOSURES

Mr H Brett
Shareholder and director

The director maintains a loan account with the company. At the balance sheet date the company owed him £85,712 (2023: £83,545).

During the period under review the director was paid dividends of £nil (2023: £2,000).