REGISTERED NUMBER: 05844859 (England and Wales)

Brill Sawmills Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

A J James

A B James

REGISTERED OFFICE:

11 Applegarth Court

Witney

Oxfordshire

OX28 6PE

REGISTERED NUMBER:

05844859 (England and Wales)

ACCOUNTANTS:

Clarkson Cleaver & Bowes Limited

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

FIXED ASSETS

Tangible assets

4

-

88

CURRENT ASSETS

Debtors

5

66,911

2,479

Cash at bank

45,729

-

112,640

2,479

CREDITORS

Amounts falling due within one year

6

82,577

12,874

NET CURRENT ASSETS/(LIABILITIES)

30,063

(10,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,063

(10,307

)

CREDITORS

Amounts falling due after more than one year

7

41,686

29,650

NET LIABILITIES

(11,623

)

(39,957

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(11,723

)

(40,057

)

SHAREHOLDERS' FUNDS

(11,623

)

(39,957

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

A J James - Director

1.	STATUTORY INFORMATION

Brill Sawmills 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 represents net invoiced sales excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33.33% straight line

Taxation

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

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,020

2,780

4,800

DEPRECIATION

At 1 January 2024

1,932

2,780

4,712

Charge for year

88

-

88

At 31 December 2024

2,020

2,780

4,800

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

88

-

88

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

59,785

1,271

Other debtors

7,126

1,208

66,911

2,479

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

7,576

Trade creditors

71,151

2,458

Taxation and social security

4,880

-

Other creditors

6,546

2,840

82,577

12,874

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

41,686

29,650

8.	SECURED DEBTS

The company has an overdraft facility that is secured by a debenture in favour of National Westminster Bank plc. Security for the debenture takes the form of a director's guarantee.

9.	FUTURE PROSPECTS

The directors are confident about the future prospects of the company. As such they have invested funds to support the working capital of the business. As at 31 December 2024 the amount owed to the directors was £41,686 (2023:£29,650). These funds will not be withdrawn unless the company is able to afford repayment without detriment to its activity.