BRIGGS HOMES LIMITED


Director	BRIGGS, Stephen William


Registered Address	54 Newfield Drive
	Carlisle
	CA3 0AF


Registered Number	05037649 (England and Wales)

Statement of Financial Position
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		460		103
			460		103
Current assets
Stocks	4	593,769		392,725
Debtors		878		214
Cash at bank and on hand		2,184		8,578
		596,831		401,517
Creditors amounts falling due within one year	5	(675,982)		(603,055)
Net current assets (liabilities)			(79,151)		(201,538)
Total assets less current liabilities			(78,691)		(201,435)
Creditors amounts falling due after one year	6		(127,463)		-
Net assets			(206,154)		(201,435)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(206,155)		(201,436)
Shareholders' funds			(206,154)		(201,435)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 6 August 2025, and are signed on its behalf by:

BRIGGS, Stephen William
Director
Registered Company No. 05037649

BRIGGS HOMES LIMITED

Notes to the Financial Statements
for the period ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Vehicles	5

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 29 February 24	1,634	6,950	8,584
Additions	562	-	562
At 28 February 25	2,196	6,950	9,146
Depreciation and impairment
At 29 February 24	1,531	6,950	8,481
Charge for year	205	-	205
At 28 February 25	1,736	6,950	8,686
Net book value
At 28 February 25	460	-	460
At 28 February 24	103	-	103

4.	Stocks

	2025	2024
	£	£
Work in progress	593,769	392,725
Total	593,769	392,725

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	57,032	48,940
Other creditors	618,790	554,065
Accrued liabilities and deferred income	160	50
Total	675,982	603,055

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	127,463	-
Total	127,463	-