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COMPANY REGISTRATION NUMBER: 10975974
Startright Brickwork Limited
Filleted Unaudited Financial Statements
31 December 2024
Startright Brickwork Limited
Financial Statements
Period from 1 April 2024 to 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Startright Brickwork Limited
Statement of Financial Position
31 December 2024
31 Dec 24
31 Mar 24
Note
£
£
Fixed assets
Tangible assets
6
11,730
14,458
Current assets
Debtors
7
36,267
31,810
Cash at bank and in hand
58,668
49,280
--------
--------
94,935
81,090
Creditors: amounts falling due within one year
8
69,283
48,020
--------
--------
Net current assets
25,652
33,070
--------
--------
Total assets less current liabilities
37,382
47,528
Creditors: amounts falling due after more than one year
9
12,484
22,222
Provisions
2,727
3,354
--------
--------
Net assets
22,171
21,952
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
22,071
21,852
--------
--------
Shareholders funds
22,171
21,952
--------
--------
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 period ending 31 December 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 period 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 .
Startright Brickwork Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
Mr M Tonks
Director
Company registration number: 10975974
Startright Brickwork Limited
Notes to the Financial Statements
Period from 1 April 2024 to 31 December 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
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.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors. The Directors have confirmed it is their intention to continue to support the company for a period of at least 12 months from the date of approval of these financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
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. Deferred tax is recognised in respect of all timing differences 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.
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
-
33% 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2024: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 December 2024
20,000
--------
Amortisation
At 1 April 2024 and 31 December 2024
20,000
--------
Carrying amount
At 31 December 2024
--------
At 31 March 2024
--------
The Goodwill was acquired on purchase of Startright Brickwork Partnership.
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2024 and 31 December 2024
2,025
27,935
964
30,924
-------
--------
----
--------
Depreciation
At 1 April 2024
1,993
13,509
964
16,466
Charge for the period
23
2,705
2,728
-------
--------
----
--------
At 31 December 2024
2,016
16,214
964
19,194
-------
--------
----
--------
Carrying amount
At 31 December 2024
9
11,721
11,730
-------
--------
----
--------
At 31 March 2024
32
14,426
14,458
-------
--------
----
--------
7. Debtors
31 Dec 24
31 Mar 24
£
£
Trade debtors
31,603
27,146
Other debtors
4,664
4,664
--------
--------
36,267
31,810
--------
--------
8. Creditors: amounts falling due within one year
31 Dec 24
31 Mar 24
£
£
Bank loans and overdrafts
12,908
12,773
Trade creditors
4,289
4,063
Corporation tax
29,292
14,306
Social security and other taxes
7,918
8,785
Other creditors
14,876
8,093
--------
--------
69,283
48,020
--------
--------
9. Creditors: amounts falling due after more than one year
31 Dec 24
31 Mar 24
£
£
Bank loans and overdrafts
12,484
22,222
--------
--------
10. Related party transactions
At the year end, the company owed the Directors £2,036 (March 2024: £3,374).