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BRETT GARVIE LIMITED

Registered Number
05990118
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

BRETT GARVIE LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

Mr Brett Garvie

Registered Address

Northfields Poundfield Lane
Stratton
Bude
EX23 9BS

Registered Number

05990118 (England and Wales)
BRETT GARVIE LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets440,96729,977
40,96729,977
Current assets
Debtors31,01555,735
Cash at bank and on hand238,653308,447
269,668364,182
Creditors amounts falling due within one year5(16,900)(93,038)
Net current assets (liabilities)252,768271,144
Total assets less current liabilities293,735301,121
Provisions for liabilities6(7,783)(5,695)
Net assets285,952295,426
Capital and reserves
Called up share capital500500
Profit and loss account285,452294,926
Shareholders' funds285,952295,426
The financial statements were approved and authorised for issue by the Director on 18 June 2025, and are signed on its behalf by:
Mr Brett Garvie
Director
Registered Company No. 05990118
BRETT GARVIE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill is recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is consided to have a finite useful life and is amortised on a straight line basis over its expected life, which is 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
2.Average number of employees

20252024
Average number of employees during the year11
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2425,00025,000
At 31 March 2525,00025,000
Amortisation and impairment
At 01 April 2425,00025,000
At 31 March 2525,00025,000
Net book value
At 31 March 25--
At 31 March 24--
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 April 2452,67252,672
Additions44,55444,554
Disposals(36,451)(36,451)
At 31 March 2560,77560,775
Depreciation and impairment
At 01 April 2422,69522,695
Charge for year7,2287,228
On disposals(10,115)(10,115)
At 31 March 2519,80819,808
Net book value
At 31 March 2540,96740,967
At 31 March 2429,97729,977
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables3378,908
Taxation and social security16,53482,798
Other creditors291,332
Total16,90093,038
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)7,7835,695
Total7,7835,695