IRIS Accounts Production v25.1.0.734 11189067 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111890672024-02-29111890672025-02-28111890672024-03-012025-02-28111890672023-02-28111890672023-03-012024-02-29111890672024-02-2911189067ns15:EnglandWales2024-03-012025-02-2811189067ns14:PoundSterling2024-03-012025-02-2811189067ns10:Director12024-03-012025-02-2811189067ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2811189067ns10:SmallEntities2024-03-012025-02-2811189067ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2811189067ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2811189067ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2811189067ns10:FullAccounts2024-03-012025-02-2811189067ns10:Director22024-03-012025-02-2811189067ns10:RegisteredOffice2024-03-012025-02-2811189067ns5:CurrentFinancialInstruments2025-02-2811189067ns5:CurrentFinancialInstruments2024-02-2911189067ns5:Non-currentFinancialInstruments2025-02-2811189067ns5:Non-currentFinancialInstruments2024-02-2911189067ns5:ShareCapital2025-02-2811189067ns5:ShareCapital2024-02-2911189067ns5:RetainedEarningsAccumulatedLosses2025-02-2811189067ns5:RetainedEarningsAccumulatedLosses2024-02-2911189067ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-03-012025-02-2811189067ns5:PlantMachinery2024-03-012025-02-2811189067ns5:FurnitureFittings2024-03-012025-02-2811189067ns5:ComputerEquipment2024-03-012025-02-2811189067ns5:LandBuildings2024-02-2911189067ns5:PlantMachinery2024-02-2911189067ns5:FurnitureFittings2024-02-2911189067ns5:ComputerEquipment2024-02-2911189067ns5:LandBuildings2024-03-012025-02-2811189067ns5:LandBuildings2025-02-2811189067ns5:PlantMachinery2025-02-2811189067ns5:FurnitureFittings2025-02-2811189067ns5:ComputerEquipment2025-02-2811189067ns5:LandBuildings2024-02-2911189067ns5:PlantMachinery2024-02-2911189067ns5:FurnitureFittings2024-02-2911189067ns5:ComputerEquipment2024-02-2911189067ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2811189067ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29
REGISTERED NUMBER: 11189067 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

No-Brainer Containers Ltd

No-Brainer Containers Ltd (Registered number: 11189067)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


No-Brainer Containers Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: I J Edwards
Mrs A E Edwards



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 11189067 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
Leicester
LE87 2BB

No-Brainer Containers Ltd (Registered number: 11189067)

Statement of Financial Position
28 February 2025

28/2/25 29/2/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 170,376 186,625

CURRENT ASSETS
Debtors 5 2,369 1,367
Cash at bank 10,542 1,261
12,911 2,628
CREDITORS
Amounts falling due within one year 6 53,964 57,538
NET CURRENT LIABILITIES (41,053 ) (54,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,323

131,715

CREDITORS
Amounts falling due after more than one
year

7

(1,750

)

(4,750

)

PROVISIONS FOR LIABILITIES (19,094 ) (22,181 )
NET ASSETS 108,479 104,784

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 108,477 104,782
SHAREHOLDERS' FUNDS 108,479 104,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

No-Brainer Containers Ltd (Registered number: 11189067)

Statement of Financial Position - continued
28 February 2025


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 7 April 2025 and were signed on its behalf by:





I J Edwards - Director


No-Brainer Containers Ltd (Registered number: 11189067)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

No-Brainer Containers 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.
Freehold land - 0%
Plant and machinery - 25% on cost, Reducing balance over 25 years and Reducing balance over 10 years
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net current liabilities of £41,053 at 28 February 2025 (2024 - £54,910) the accounts have been prepared on a going concern basis. The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

No-Brainer Containers Ltd (Registered number: 11189067)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
land machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 March 2024
and 28 February 2025 69,881 158,076 27,061 4,132 259,150
Depreciation
At 1 March 2024 - 46,178 24,693 1,654 72,525
Charge for year - 14,210 800 1,239 16,249
At 28 February 2025 - 60,388 25,493 2,893 88,774
Net book value
At 28 February 2025 69,881 97,688 1,568 1,239 170,376
At 29 February 2024 69,881 111,898 2,368 2,478 186,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Trade debtors 864 1,359
Other debtors 1,505 8
2,369 1,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Bank loans and overdrafts 3,000 3,000
Taxation and social security 6,254 3,703
Other creditors 44,710 50,835
53,964 57,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 29/2/24
£    £   
Bank loans 1,750 4,750

8. RELATED PARTY DISCLOSURES

At 29 February 2025, the company owed the directors I J Edwards and Mrs A E Edwards £32,370 (2024 - £40,032). The balance owed, included within other creditors, is made up of business expenses and loans not yet reimbursed. The loan balance is interest free and repayable to the directors on demand.