| Registered number: 02530104 | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| Prepared By: | ||||||||
| Reed-Ransted | ||||||||
| Chartered Accountants | ||||||||
| 2 Burhill Grove | ||||||||
| Pinner | ||||||||
| Middlesex | ||||||||
| HA5 3DW | ||||||||
| BREXVILLE LIMITED | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Middlesex | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 02530104 | ||||||||
| ACCOUNTANTS | ||||||||
| Reed-Ransted | ||||||||
| Chartered Accountants | ||||||||
| 2 Burhill Grove | ||||||||
| Pinner | ||||||||
| Middlesex | ||||||||
| HA5 3DW | ||||||||
| BREXVILLE LIMITED | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 DECEMBER 2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| BREXVILLE LIMITED | ||||||||
| BALANCE SHEET AT | ||||||||||
| Registered number: 02530104re1\Value | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 6 | |||||||||
| Cash at bank and in hand | ||||||||||
| 311,983 | 379,793 | |||||||||
| CREDITORS: Amounts falling due within one year | 7 | |||||||||
| NET CURRENT ASSETS | 247,855 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 8 | 5,000 | 21,954 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 10 | |||||||||
| Fair value reserve | 1g,11 | 330,604 | 330,604 | |||||||
| Profit and loss account | 352,893 | 380,433 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| BREXVILLE LIMITED | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Equipment | reducing balance 20% | |||||||
| 1c. Investment Properties | ||||||||
| Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. | ||||||||
| 1d. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1e. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1f. Foreign Currency | ||||||||
| Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. | ||||||||
| BREXVILLE LIMITED | ||||||||
| 1g. Revaluation Reserve | ||||||||
| Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11). | ||||||||
| Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees (including directors) | 3 | |||||
| 3. TANGIBLE FIXED ASSETS | ||||
| Equipment | Total | |||
| £ | £ | |||
| Cost | ||||
| At 1 January 2024 | 458 | 458 | ||
| At 31 December 2024 | 458 | 458 | ||
| Depreciation | ||||
| At 1 January 2024 | 320 | 320 | ||
| For the year | 28 | 28 | ||
| At 31 December 2024 | 348 | 348 | ||
| Net Book Amounts | ||||
| At 31 December 2024 | 110 | |||
| At 31 December 2023 | 138 | |||
| 4. INVESTMENT PROPERTIES | ||||||||
| Investment | ||||||||
| Properties | Total | |||||||
| £ | £ | |||||||
| Fair value | ||||||||
| At 1 January 2024 | 550,000 | 550,000 | ||||||
| At 31 December 2024 | 550,000 | 550,000 | ||||||
| The investment property was valued by the directors at 31 December 2020. The cost of investment property was £154,396. | ||||||||
| BREXVILLE LIMITED | ||||||||
| 5. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 6. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 24,054 | 15,129 | ||||||
| Amounts due from associated companies | 158,383 | 223,483 | ||||||
| Prepayments | 510 | 440 | ||||||
| 182,947 | 239,052 | |||||||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| VAT | 1,430 | 3,534 | ||||||
| PAYE control | 2,579 | 4,264 | ||||||
| Directors current account | 33,670 | 25,679 | ||||||
| Bank Loan | 15,931 | 23,000 | ||||||
| Trade creditors | 52,683 | 71,676 | ||||||
| Other creditors | - | 1,636 | ||||||
| Accruals | 2,301 | 2,149 | ||||||
| 108,594 | 131,938 | |||||||
| The directors current account is interest free. | ||||||||
| 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loans | 5,000 | 21,954 | ||||||
| 5,000 | 21,954 | |||||||
| Bank borrowings are secured by a fixed charge over the company's freehold property and a fixed and floating charge over the company's assets.. | ||||||||
| BREXVILLE LIMITED | ||||||||
| 9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 65,000 | 65,000 | ||||||
| 65,000 | 65,000 | |||||||
| 10. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 2 | 2 | |||||||
| 2 | 2 | |||||||
| 11. REVALUATION RESERVE | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Non-distributabe fair value reserve | 330,604 | 330,604 | ||||||
| 330,604 | 330,604 | |||||||
| 12. CONTROLLING PARTY | ||||||||
| The company is controlled by TG Newman. | ||||||||
| 13. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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