REGISTERED NUMBER: 10559523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LITTLE BROGUES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Dernie

REGISTERED OFFICE:

The Tower

Daltongate Business Centre

Daltongate

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

10559523 (England and Wales)

BANKERS:

Santander UK plc

225 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1QU

FIXED ASSETS

Intangible assets

4

-

34,999

Tangible assets

5

2,597

6,984

2,597

41,983

CURRENT ASSETS

Stocks

71,362

74,056

Debtors

23,308

14,657

Cash at bank and in hand

9,823

12,098

104,493

100,811

CREDITORS

Amounts falling due within one year

44,085

41,489

NET CURRENT ASSETS

60,408

59,322

TOTAL ASSETS LESS CURRENT LIABILITIES

63,005

101,305

CREDITORS

Amounts falling due after more than one year

69,716

100,527

NET (LIABILITIES)/ASSETS

(6,711

)

778

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(6,712

)

777

SHAREHOLDERS' FUNDS

(6,711

)

778

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2025 and were signed by:

Mr S Dernie - Director

1.	STATUTORY INFORMATION

Little Brogues Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods, excluding VAT.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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.

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 3 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

69,999

Disposals

(69,999

)

At 31 January 2025

-

AMORTISATION

At 1 February 2024

35,000

Eliminated on disposal

(35,000

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

34,999

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

22,732

Disposals

(5,001

)

At 31 January 2025

17,731

DEPRECIATION

At 1 February 2024

15,748

Charge for year

1,886

Eliminated on disposal

(2,500

)

At 31 January 2025

15,134

NET BOOK VALUE

At 31 January 2025

2,597

At 31 January 2024

6,984

Leasehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The director consider that this policy results in the financial statements showing a true and fair view.

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

21,832

32,767

Other loans

33,099

46,201

54,931

78,968

The debenture held by Cumbria Community Asset and Reinvestment Trust Limited comprises of a floating charge over all the assets of Little Brogues Limited and a fixed charge over assets in respect of the Borrower's financial obligations.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.1.25

31.1.24

£

£

Mr S Dernie

Balance outstanding at start of year

9,392

-

Amounts advanced

11,944

9,392

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,336

9,392

The loan is interest free, unsecured and repayable on demand.

9.	RELATED PARTY DISCLOSURES

At 31st January 2025 Red Snapper Ltd, a company wholly owned by Mr S Dernie, had on an unsecured basis advanced £41,030 (2024: £46,150) to the company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Dernie.