Arthur Brett and Sons Limited 06520665 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is that of the supply of high quality furniture for its customers Digita Accounts Production Advanced 6.30.9574.0 true 06520665 2024-06-01 2025-05-31 06520665 2025-05-31 06520665 core:RetainedEarningsAccumulatedLosses 2025-05-31 06520665 core:ShareCapital 2025-05-31 06520665 core:CurrentFinancialInstruments 2025-05-31 06520665 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 06520665 bus:SmallEntities 2024-06-01 2025-05-31 06520665 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 06520665 bus:FilletedAccounts 2024-06-01 2025-05-31 06520665 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 06520665 bus:RegisteredOffice 2024-06-01 2025-05-31 06520665 bus:Director2 2024-06-01 2025-05-31 06520665 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06520665 bus:Agent1 2024-06-01 2025-05-31 06520665 countries:AllCountries 2024-06-01 2025-05-31 06520665 2023-06-01 2024-05-31 06520665 2024-05-31 06520665 core:RetainedEarningsAccumulatedLosses 2024-05-31 06520665 core:ShareCapital 2024-05-31 06520665 core:CurrentFinancialInstruments 2024-05-31 06520665 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 iso4217:GBP xbrli:pure

File copy

Registration number: 06520665

Arthur Brett and Sons Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Arthur Brett and Sons Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 4

Arthur Brett and Sons Limited

Company Information

Directors | D A Crean

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers | Lloyds Bank plc 47 High Street Brentwood Essex CM14 4RN

Accountants | Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Arthur Brett and Sons Limited

(Registration number: 06520665)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 117 | 1,106
Cash at bank and in hand |  | 6,752 | 6,886
|  | 6,869 | 7,992
Creditors: Amounts falling due within one year | 5 | (2,253,187) | (2,252,371)
Net liabilities |  | (2,246,318) | (2,244,379)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (2,246,319) | (2,244,380)
Shareholders' deficit |  | (2,246,318) | (2,244,379)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 December 2025

D A Crean
Director

Arthur Brett and Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

These financial statements were authorised for issue by the director on 24 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Arthur Brett and Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Debtors

| 2025 £ | 2024 £
Other debtors | 117 | 1,106
| 117 | 1,106

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 706 | 3,970
Other creditors | 2,251,621 | 2,247,651
Accruals and deferred income | 860 | 750
| 2,253,187 | 2,252,371