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Company No: 09767732 (England and Wales)

BRYANT INTERIORS (PLYMOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

BRYANT INTERIORS (PLYMOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

BRYANT INTERIORS (PLYMOUTH) LIMITED

BALANCE SHEET

As at 30 September 2024
BRYANT INTERIORS (PLYMOUTH) LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,417 11,037
8,417 11,037
Current assets
Stocks 16,500 14,250
Debtors 4 568,367 556,101
Cash at bank and in hand 116,069 148,899
700,936 719,250
Creditors: amounts falling due within one year 5 ( 432,418) ( 484,626)
Net current assets 268,518 234,624
Total assets less current liabilities 276,935 245,661
Creditors: amounts falling due after more than one year 6 ( 7,137) ( 16,557)
Provision for liabilities ( 2,104) ( 2,759)
Net assets 267,694 226,345
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 267,692 226,343
Total shareholders' funds 267,694 226,345

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Bryant Interiors (Plymouth) Limited (registered number: 09767732) were approved and authorised for issue by the Director on 24 June 2025. They were signed on its behalf by:

Mr N Bryant
Director
BRYANT INTERIORS (PLYMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
BRYANT INTERIORS (PLYMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bryant Interiors (Plymouth) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Unit 18, 75 Sisna Park Road, Estover, Plymouth, Devon, PL6 7AE.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 20 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and those overheads that have been incurred in bringing the stocks to their present location and condition. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 4

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 October 2023 4,684 8,500 15,637 28,821
At 30 September 2024 4,684 8,500 15,637 28,821
Accumulated depreciation
At 01 October 2023 3,590 5,715 8,479 17,784
Charge for the financial year 274 557 1,789 2,620
At 30 September 2024 3,864 6,272 10,268 20,404
Net book value
At 30 September 2024 820 2,228 5,369 8,417
At 30 September 2023 1,094 2,785 7,158 11,037

4. Debtors

2024 2023
£ £
Trade debtors 23,403 111,999
Amounts owed by connected companies 24,746 6
Amounts owed by director 52,864 33,692
Prepayments 6,671 6,721
Other debtors 460,683 403,683
568,367 556,101

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,667 9,914
Trade creditors 128,238 181,289
Accruals 93,213 182,938
Taxation and social security 201,300 110,485
432,418 484,626

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,137 16,557

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 14,196 14,196

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director's loan 52,864 33,692

During the year, the company advanced £112,761 to a director, of which £94,237 was repaid. Interest totalling £648 has been charged on the balance at the actual official rate set out by HMRC. The total amount due to the company at the year end is £52,864 (2023: £33,692) and is repayable on demand.