Company Registration No. 03086379 (England and Wales)
BRECONGATE PROJECTS LTD.
Unaudited accounts
for the year ended 30 November 2021
BRECONGATE PROJECTS LTD.
Unaudited accounts
Contents
BRECONGATE PROJECTS LTD.
Company Information
for the year ended 30 November 2021
Directors
Paul Raymond Jones
Ryan Colin Powell
Secretary
Steven Paul Griffiths
Company Number
03086379 (England and Wales)
Registered Office
Unit 3D Upper Boat Business Park
Upper Boat
Treforest
Rhondda Cynon Taf
CF37 5BP
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
BRECONGATE PROJECTS LTD.
for the year ended 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BRECONGATE PROJECTS LTD. for the year ended 30 November 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
4 February 2022
BRECONGATE PROJECTS LTD.
Statement of financial position
as at
30 November 2021
Tangible assets
235,999
355,010
Inventories
760,111
926,477
Cash at bank and in hand
114,778
278,935
Creditors: amounts falling due within one year
(1,538,553)
(1,560,055)
Net current assets
200,319
21,905
Total assets less current liabilities
436,318
376,915
Creditors: amounts falling due after more than one year
(104,755)
(159,433)
Net assets
331,563
217,482
Called up share capital
100
100
Profit and loss account
331,463
217,382
Shareholders' funds
331,563
217,482
For the year ending 30 November 2021 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2022 and were signed on its behalf by
Paul Raymond Jones
Director
Company Registration No. 03086379
BRECONGATE PROJECTS LTD.
Notes to the Accounts
for the year ended 30 November 2021
BRECONGATE PROJECTS LTD. is a private company, limited by shares, registered in England and Wales, registration number 03086379. The registered office is Unit 3D Upper Boat Business Park, Upper Boat, Treforest, Rhondda Cynon Taf, CF37 5BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BRECONGATE PROJECTS LTD.
Notes to the Accounts
for the year ended 30 November 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2020
-
77,085
601,183
65,358
743,626
Additions
3,424
12,130
-
44,426
59,980
Disposals
-
-
(139,752)
(40,774)
(180,526)
At 30 November 2021
3,424
89,215
461,431
69,010
623,080
At 1 December 2020
-
25,897
314,211
48,508
388,616
Charge for the year
54
23,335
28,292
31,113
82,794
On disposals
-
-
(56,016)
(28,313)
(84,329)
At 30 November 2021
54
49,232
286,487
51,308
387,081
At 30 November 2021
3,370
39,983
174,944
17,702
235,999
At 30 November 2020
-
51,188
286,972
16,850
355,010
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
781,207
363,807
Accrued income and prepayments
9,580
7,889
Other debtors
73,133
4,756
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
67,561
98,282
Trade creditors
733,396
623,876
Taxes and social security
137,596
172,384
Other creditors
188,677
36,119
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
104,755
144,102
Loans from directors
-
15,331
BRECONGATE PROJECTS LTD.
Notes to the Accounts
for the year ended 30 November 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
general loan outstanding
-
68,377
-
68,377
The balance represents an interest free loan from the company to the director that is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 71 (2020: 65).