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REGISTERED NUMBER: 01273688 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Brocol Engineers Supplies Limited

Brocol Engineers Supplies Limited (Registered number: 01273688)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brocol Engineers Supplies Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Frost
M Frost





REGISTERED OFFICE: 58 Hotchkiss Way
Binley Industrial Estate
Coventry
CV3 2RL





REGISTERED NUMBER: 01273688 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Brocol Engineers Supplies Limited (Registered number: 01273688)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 172 181
Tangible assets 5 57,720 73,800
57,892 73,981

CURRENT ASSETS
Stocks 20,000 7,800
Debtors 6 194,474 233,895
Cash at bank and in hand 68,277 83,538
282,751 325,233
CREDITORS
Amounts falling due within one year 7 92,040 114,609
NET CURRENT ASSETS 190,711 210,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,603

284,605

CREDITORS
Amounts falling due after more than one
year

8

(24,932

)

(49,345

)

PROVISIONS FOR LIABILITIES (14,430 ) (18,450 )
NET ASSETS 209,241 216,810

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 209,191 216,760
209,241 216,810

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

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

Brocol Engineers Supplies Limited (Registered number: 01273688)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





J Frost - Director


Brocol Engineers Supplies Limited (Registered number: 01273688)

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

1. STATUTORY INFORMATION

Brocol Engineers Supplies 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised on a 5% reducing balance method over its estimated useful life.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 3 years
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Brocol Engineers Supplies Limited (Registered number: 01273688)

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

2. ACCOUNTING POLICIES - continued
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
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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 8,915
AMORTISATION
At 1 January 2024 8,734
Amortisation for year 9
At 31 December 2024 8,743
NET BOOK VALUE
At 31 December 2024 172
At 31 December 2023 181

Brocol Engineers Supplies Limited (Registered number: 01273688)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 1,003 15,893 9,715
Additions - - 350
At 31 December 2024 1,003 15,893 10,065
DEPRECIATION
At 1 January 2024 1,003 14,776 8,494
Charge for year - 112 137
At 31 December 2024 1,003 14,888 8,631
NET BOOK VALUE
At 31 December 2024 - 1,005 1,434
At 31 December 2023 - 1,117 1,221

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 113,642 15,800 156,053
Additions - 2,323 2,673
At 31 December 2024 113,642 18,123 158,726
DEPRECIATION
At 1 January 2024 43,297 14,683 82,253
Charge for year 17,586 918 18,753
At 31 December 2024 60,883 15,601 101,006
NET BOOK VALUE
At 31 December 2024 52,759 2,522 57,720
At 31 December 2023 70,345 1,117 73,800

Brocol Engineers Supplies Limited (Registered number: 01273688)

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

5. 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 January 2024
and 31 December 2024 77,589
DEPRECIATION
At 1 January 2024 27,413
Charge for year 12,544
At 31 December 2024 39,957
NET BOOK VALUE
At 31 December 2024 37,632
At 31 December 2023 50,176

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 89,970 133,518
Amounts owed by group undertakings 99,311 96,384
Other debtors 5,193 3,993
194,474 233,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,909 10,657
Hire purchase contracts 14,160 14,160
Trade creditors 16,713 50,926
Taxation and social security 45,514 33,636
Other creditors 4,744 5,230
92,040 114,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,093 14,346
Hire purchase contracts 20,839 34,999
24,932 49,345

Brocol Engineers Supplies Limited (Registered number: 01273688)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 34,999 49,159

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
J Frost
Balance outstanding at start of year (261 ) (261 )
Amounts advanced 261 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (261 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Frost by virtue of their 100% shareholding in the parent company JMS Holdings Limited.