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COMPANY REGISTRATION NUMBER: 07612446
SOUTH EAST BRICKWORK LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
SOUTH EAST BRICKWORK LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGE
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
SOUTH EAST BRICKWORK LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
J Read
J Hall
T Hall
S M Elliot
Registered office
Nuthurst Yard 16b Reigate Road
Hookwood
Horley
Surrey
RH6 0HJ
Accountants
Wilkins Southworth
Chartered Certified Accountants
10-12 High Street
Barnes
London
SW13 9LW
SOUTH EAST BRICKWORK LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
CURRENT ASSETS
Stocks
33,647
37,154
Debtors
6
446,996
513,509
Cash at bank and in hand
789
33,249
-----------
-----------
481,432
583,912
CREDITORS: amounts falling due within one year
7
( 273,545)
( 373,328)
-----------
-----------
NET CURRENT ASSETS
207,887
210,584
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
207,887
210,584
-----------
-----------
NET ASSETS
207,887
210,584
-----------
-----------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
207,787
210,484
-----------
-----------
SHAREHOLDERS FUNDS
207,887
210,584
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SOUTH EAST BRICKWORK LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:
S M Elliot
Director
Company registration number: 07612446
SOUTH EAST BRICKWORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Nuthurst Yard 16b Reigate Road, Hookwood, Horley, Surrey, RH6 0HJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
547,588
-----------
Amortisation
At 1 April 2023 and 31 March 2024
547,588
-----------
Carrying amount
At 31 March 2024
-----------
At 31 March 2023
-----------
6. Debtors
2024
2023
£
£
Other debtors
446,996
513,509
-----------
-----------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,415
32,986
Corporation tax
34,219
34,219
Social security and other taxes
8,559
66,764
Other creditors
215,352
239,359
-----------
-----------
273,545
373,328
-----------
-----------