Company Registration No. 08623896 (England and Wales)
BRUNT & FUSSELL LTD
Unaudited accounts
for the year ended 31 August 2024
BRUNT & FUSSELL LTD
Unaudited accounts
Contents
BRUNT & FUSSELL LTD
Company Information
for the year ended 31 August 2024
Directors
J M Fussell
L Fussell
Company Number
08623896 (England and Wales)
Registered Office
141 HIGH STREET
STAPLE HILL
BRISTOL
BS16 5HQ
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
BRUNT & FUSSELL LTD
Statement of financial position
as at 31 August 2024
Tangible assets
16,377
27,023
Cash at bank and in hand
81,186
102,388
Creditors: amounts falling due within one year
(72,938)
(92,875)
Net current assets
18,740
24,996
Total assets less current liabilities
35,117
52,019
Creditors: amounts falling due after more than one year
(19,695)
(23,842)
Provisions for liabilities
Deferred tax
(3,849)
(5,254)
Called up share capital
10
10
Profit and loss account
11,563
22,913
Shareholders' funds
11,573
22,923
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
J M Fussell
Director
Company Registration No. 08623896
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2024
BRUNT & FUSSELL LTD is a private company, limited by shares, registered in England and Wales, registration number 08623896. The registered office is 141 HIGH STREET, STAPLE HILL, BRISTOL, BS16 5HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 1 September 2023
24,511
At 1 September 2023
24,511
Goodwill is being written off in equal annual installments over it's estimated economic life of 10 years.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
-
25,195
34,168
13,569
72,932
Additions
11,818
4,960
-
-
16,778
Disposals
-
(23,862)
(34,168)
-
(58,030)
At 31 August 2024
11,818
6,293
-
13,569
31,680
At 1 September 2023
-
18,655
15,749
11,505
45,909
Charge for the year
985
2,319
3,453
1,152
7,909
On disposals
-
(19,313)
(19,202)
-
(38,515)
At 31 August 2024
985
1,661
-
12,657
15,303
At 31 August 2024
10,833
4,632
-
912
16,377
At 31 August 2023
-
6,540
18,419
2,064
27,023
Carrying values included above held under finance leases and hire purchase contracts:
£
£
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
8,116
5,912
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,146
4,146
Obligations under finance leases and hire purchase contracts
-
23,153
Trade creditors
6,782
5,058
Taxes and social security
45,126
35,710
Other creditors
9,249
6,802
Loans from directors
4,309
10,423
Included in other creditors and cash at bank and in hand is a balance of £8,969 (2023: £6,627) which relates to monies held on behalf of clients.
8
Creditors: amounts falling due after more than one year
2024
2023
9
Deferred taxation
2024
2023
Accelerated capital allowances
3,859
5,269
Other deferred taxation
(10)
(15)
Provision at start of year
5,254
5,766
Credited to the profit and loss account
(1,405)
(512)
Provision at end of year
3,849
5,254
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
BRUNT & FUSSELL LTD
Notes to the Accounts
for the year ended 31 August 2024
11
Operating lease commitments
2024
2023
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
30,860
7,936
Later than one year and not later than five years
78,341
14,744
12
Average number of employees
During the year the average number of employees was 5 (2023: 5).