Brosna Furniture Components Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03716021 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Brosna Furniture Components Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M P Connor

N Dunlop

I Dunlop

REGISTERED OFFICE:

61 Stanley Road

Bootle

Merseyside

L20 7BZ

REGISTERED NUMBER:

03716021 (England and Wales)

ACCOUNTANTS:

Kinsella Clarke Limited

61 Stanley Road

Bootle

Merseyside

L20 7BZ

FIXED ASSETS

Tangible assets

4

69,850

130,766

CURRENT ASSETS

Stocks

5

28,979

20,730

Debtors

6

53,074

61,196

Cash at bank

313,851

298,096

395,904

380,022

CREDITORS

Amounts falling due within one year

7

163,093

156,375

NET CURRENT ASSETS

232,811

223,647

TOTAL ASSETS LESS CURRENT
LIABILITIES

302,661

354,413

PROVISIONS FOR LIABILITIES

13,113

13,727

NET ASSETS

289,548

340,686

CAPITAL AND RESERVES

Called up share capital

10,200

Share premium

20,456

Retained earnings

258,892

310,030

SHAREHOLDERS' FUNDS

289,548

340,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

A M P Connor - Director

1.	STATUTORY INFORMATION

Brosna Furniture Components Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

188,069

19,039

120,250

89,070

416,428

Additions

-

14,800

483

15,283

Disposals

-

(108,500

)

-

(108,500

)

At 31 March 2025

188,069

19,039

26,550

89,553

323,211

DEPRECIATION

At 1 April 2024

119,159

12,817

65,033

88,653

285,662

Charge for year

17,227

1,556

4,309

329

23,421

Eliminated on disposal

-

(55,722

)

-

(55,722

)

At 31 March 2025

136,386

14,373

13,620

88,982

253,361

NET BOOK VALUE

At 31 March 2025

51,683

4,666

12,930

571

69,850

At 31 March 2024

68,910

6,222

55,217

417

130,766

5.

STOCKS

31.3.25

31.3.24

£

Stocks

28,979

20,730

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

1,287

12,032

Amounts owed by group undertakings

36,305

32,903

Other debtors

491

Prepayments and accrued income

14,991

15,770

53,074

61,196

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

72,180

62,416

Tax

35,145

51,063

Pension liability

884

886

VAT

20,252

21,287

Directors' current accounts

8

56

Accruals and deferred income

34,624

20,667

163,093

156,375

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

A M P Connor

Balance outstanding at start of year

(55

)

(55

)

Amounts advanced

48

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(7

)

(55

)

9.	RELATED PARTY DISCLOSURES

Brosna Holdings Limited

Brosna Furniture Components Limited is a subsidiary of Brosna Holdings Limited.

Brosna Furniture Components Limited is owed £16,880 (2024 - £15,344) from Brosna Holdings Limited as of the balance sheet date, 31 March 2025.

Brosna Employee Ownership Trust Limited

Brosna Furniture Components Limited is ultimately controlled by Brosna Employee Ownership Trust Limited via the subsidiary Brosna Holdings Limited.

Brosna Furniture Components Limited is owed £19,425 (2024 - £17,559) from Brosna Employee Ownership Trust Limited as of the balance sheet date, 31 March 2025.