Brushmark Limited 09481197 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is the provision of art tutorials and classes. Digita Accounts Production Advanced 6.30.9574.0 true 09481197 2024-03-01 2025-02-28 09481197 2025-02-28 09481197 core:CurrentFinancialInstruments 2025-02-28 09481197 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 09481197 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 09481197 core:FurnitureFittingsToolsEquipment 2025-02-28 09481197 bus:SmallEntities 2024-03-01 2025-02-28 09481197 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 09481197 bus:FilletedAccounts 2024-03-01 2025-02-28 09481197 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09481197 bus:RegisteredOffice 2024-03-01 2025-02-28 09481197 bus:Director2 2024-03-01 2025-02-28 09481197 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09481197 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 09481197 countries:England 2024-03-01 2025-02-28 09481197 2024-02-29 09481197 core:FurnitureFittingsToolsEquipment 2024-02-29 09481197 2023-03-01 2024-02-29 09481197 2024-02-29 09481197 core:CurrentFinancialInstruments 2024-02-29 09481197 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09481197 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 09481197 core:FurnitureFittingsToolsEquipment 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 09481197

Brushmark Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Brushmark Limited

(Registration number: 09481197)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

299

816

Current assets

 

Debtors

975

410

Cash at bank and in hand

 

28,598

64,547

 

29,573

64,957

Creditors: Amounts falling due within one year

(1,720)

(2,358)

Net current assets

 

27,853

62,599

Total assets less current liabilities

 

28,152

63,415

Creditors: Amounts falling due after more than one year

(8,024)

(39,017)

Net assets

 

20,128

24,398

Capital and reserves

 

Called up share capital

1

1

Retained earnings

20,127

24,397

Shareholders' funds

 

20,128

24,398

For the financial year ending 28 February 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 July 2025 and signed on its behalf by:
 

.........................................
M Warner
Director

   
     
 

Brushmark Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
57 Diksmuide Drive
Ellesmere
Shropshire
SY12 9QA

These financial statements were authorised for issue by the Board on 19 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Brushmark Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Brushmark Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2024

4,948

4,948

At 28 February 2025

4,948

4,948

Depreciation

At 1 March 2024

4,132

4,132

Charge for the year

517

517

At 28 February 2025

4,649

4,649

Carrying amount

At 28 February 2025

299

299

At 29 February 2024

816

816