| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| FOR |
| BRICKMORT DEVELOPMENTS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| FOR |
| BRICKMORT DEVELOPMENTS LTD |
| BRICKMORT DEVELOPMENTS LTD (REGISTERED NUMBER: 09224310) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 2 |
| BRICKMORT DEVELOPMENTS LTD (REGISTERED NUMBER: 09224310) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JANUARY 2024 |
| 2024 | 2022 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| 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 |
| BRICKMORT DEVELOPMENTS LTD (REGISTERED NUMBER: 09224310) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| 1. | STATUTORY INFORMATION |
| Brickmort Developments Ltd is a |
| Registered number: |
| Registered office: |
| 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. |
| Significant judgements and estimates |
| the application of the company's accounting policies, the director is required to make judgements, estimates |
| and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other |
| sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
| estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. |
| There are significant judgements or estimates involved in the preparation of the financial statements. |
| Revenue |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Property, plant and equipment |
| Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment |
| losses. Such cost includes costs directly attributable to making the assets capable of operating as intended. |
| The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances |
| indicate the carrying value may not be recoverable. |
| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
| Plant and machinery - 25% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal. |
| BRICKMORT DEVELOPMENTS LTD (REGISTERED NUMBER: 09224310) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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 period 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. |
| Cash and cash equivalent |
| Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. |
| Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss. |
| Transition to frs 105 (no effect of transition note) |
| The company transitioned to FRS 102 for the period ended 31 January 2024, applying the standard retrospectively from 01 October 2022. This transition has no impact on the financial statements of the company and hence, the reconciliation of equity and profit and loss is not considered necessary. |
| Change in comparatives |
| The accounts have been prepared for a period of 16 months whereas the comparatives are for a period of 12 months. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| BRICKMORT DEVELOPMENTS LTD (REGISTERED NUMBER: 09224310) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2022 |
| Additions |
| At 31 January 2024 |
| DEPRECIATION |
| At 1 October 2022 |
| Charge for period |
| At 31 January 2024 |
| NET BOOK VALUE |
| At 31 January 2024 |
| At 30 September 2022 |
| The net carrying value of tangible fixed assets includes the following in respect of assets held under hire purchase contracts:- |
| 2024 | 2022 |
| £ | £ |
| Plant and machinery - cost | 88,070 | 73,545 |
| Accumulated depreciation | (23,123 | ) | (4,175 | ) |
| ------------- | ------------- |
| Net book value | 64,947 | 69,370 |
| ------------- | ------------- |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2022 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| BRICKMORT DEVELOPMENTS LTD (REGISTERED NUMBER: 09224310) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2022 TO 31 JANUARY 2024 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2024 | 2022 |
| £ | £ |
| Deferred tax |
| Other timing differences | 17,583 | - |
| Deferred |
| tax |
| £ |
| Utilised during period |
| Balance at 31 January 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| Included in other debtors due within a year is an amount of £18,297 (2022: £31,367) due from the connected companies with common directorships or shareholdings. The loans were interest free and recoverable on demand. |
| Included in other creditors due within a year is an amount of £144,677 (2022: £1,160,723) due to the connected companies with common directorships or shareholdings. Also included in other creditors due within a year is an amount of £37,129 (2022: £32,441) due to the directors of the company. The loans were interest free and repayable on demand. |