BRETTON REED SMITH LTD - Filleted accounts

Registered number

06408480

BRETTON REED SMITH LTD

Report and Accounts

31 October 2025

BRETTON REED SMITH LTD
Registered number:		06408480
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		131,000			131,000
Tangible assets	4		261			731
			131,261			131,731

Current assets
Stocks		4,445			3,493
Debtors	5	246,328			255,333
Cash at bank and in hand		115,778			82,282
		366,551			341,108

Creditors: amounts falling due within one year	6	(84,992)			(64,926)

Net current assets			281,559			276,182

Total assets less current liabilities			412,820			407,913


Provisions for liabilities			(50)			(139)


Net assets			412,770			407,774

Capital and reserves
Called up share capital			13			13
Profit and loss account			412,757			407,761

Shareholders' funds			412,770			407,774

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N J Shaw
Director
Approved by the board on 18 November 2025

BRETTON REED SMITH LTD
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	25% straight line
	Fixtures & Fittings	25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 November 2024					131,000
	At 31 October 2025					131,000

	Amortisation
	At 31 October 2025					-

	Net book value
	At 31 October 2025					131,000
	At 31 October 2024					131,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Computer equipment		Fixtures & fittings		Total
£			£		£
	Cost
	At 1 November 2024	4,318		623		4,941
	At 31 October 2025	4,318		623		4,941

	Depreciation
	At 1 November 2024	3,629		581		4,210
	Charge for the year	428		42		470
	At 31 October 2025	4,057		623		4,680

	Net book value
	At 31 October 2025	261		-		261
	At 31 October 2024	689		42		731




5	Debtors			2025		2024
£					£

	Trade debtors			71,058		73,936
	Other debtors			175,270		181,397
				246,328		255,333


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			544		660
	Corporation tax			27,336		21,129
	Other taxes and social security costs			25,642		26,167
	Other creditors			31,470		16,970
				84,992		64,926


7	Other information

	BRETTON REED SMITH LTD is a private company limited by shares and incorporated in England. Its registered office is:
	105 Redbrook Road
	Barnsley
	South Yorkshire
	S75 2RG