REGISTERED NUMBER: 03528097 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Brassart Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S Lambert

SECRETARY:

Mrs E C Lambert

REGISTERED OFFICE:

Units A & B Monarch Works Balds Lane

Lye

Stourbridge

West Midlands

DY9 8TE

REGISTERED NUMBER:

03528097 (England and Wales)

ACCOUNTANTS:

Lewis Smith & Co.

Chartered Certified Accountants

The Old Doctor's House

74 Grange Road

Dudley

West Midlands

DY1 2AW

FIXED ASSETS

Intangible assets

4

13,072

19,552

Tangible assets

5

64,441

73,131

77,513

92,683

CURRENT ASSETS

Stocks

307,000

303,155

Debtors

6

46,359

130,568

Prepayments and accrued income

5,231

2,648

Cash at bank

42,037

40,404

400,627

476,775

CREDITORS

Amounts falling due within one year

7

168,248

100,726

NET CURRENT ASSETS

232,379

376,049

TOTAL ASSETS LESS CURRENT LIABILITIES

309,892

468,732

CREDITORS

Amounts falling due after more than one year

8

51,709

72,369

NET ASSETS

258,183

396,363

CAPITAL AND RESERVES

Called up share capital

1,428

1,428

Share premium

269,572

269,572

Retained earnings

(12,817

)

125,363

258,183

396,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

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

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

A S Lambert - Director

1.	STATUTORY INFORMATION

Brassart 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Other intangibles is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

10% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The financial statements are prepared on a going concern basis. The directors have made an assessment of the company's ability to continue as a going concern for a period of at least 12 months from the date of authorisation of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2023

and 31 October 2024

91,023

AMORTISATION

At 1 November 2023

71,471

Charge for year

6,480

At 31 October 2024

77,951

NET BOOK VALUE

At 31 October 2024

13,072

At 31 October 2023

19,552

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2023

21,268

533,182

554,450

Additions

-

9,639

9,639

At 31 October 2024

21,268

542,821

564,089

DEPRECIATION

At 1 November 2023

21,253

460,066

481,319

Charge for year

12

18,317

18,329

At 31 October 2024

21,265

478,383

499,648

NET BOOK VALUE

At 31 October 2024

3

64,438

64,441

At 31 October 2023

15

73,116

73,131

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

20,130

54,690

Other debtors

26,229

75,878

46,359

130,568

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

81,682

24,588

Hire purchase contracts

17,446

16,585

Trade creditors

25,851

35,996

Taxation and social security

7,181

20,455

Other creditors

36,088

3,102

168,248

100,726

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

26,380

29,594

Hire purchase contracts

25,329

42,775

51,709

72,369

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

A S Lambert

Balance outstanding at start of year

60,000

59,290

Amounts advanced

14,145

56,365

Amounts repaid

(61,100

)

(55,655

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,045

60,000