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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2020 | 2019 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets | |||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 | ( |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Creditors: amounts falling due after more than one year | 8 | ( |
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Net liabilities | ( |
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Capital and reserves | |||||||
Called up share capital |
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Profit and loss account | ( |
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Shareholders' funds | ( |
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Michael S Eggerton | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Intangible fixed assets | ||||||||
Goodwill represents the the difference between amounts paid on the cost of a business combination and the acquirer's interestin the fair value of its identifiable assets and liabilitiesof the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisationand accumulated impaired losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life Other intangable assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangable assets are measured at cost less any accumulative amortisation and any accumulated impaird losses. All intangable assets are considered to have a finite useful life. Intangable assests are amortised over their useful life as follows: |
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Patents | over | 30 | years | |||||
Goodwill | over | 30 | years | |||||
Web design | at | 15% | reducing balance | |||||
Tangible fixed assets | ||||||||
At each reporting date the company assesses wether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of asset less their residual valueover their estimated useful lives, on reducing balance basis. Depreciation is provided on the following basis: |
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Short-term leasehold property | 15% | reducing balance | ||||||
Fixtures and fittings | 15% | reducing balance | ||||||
Office equipment | 33% | reducing balance | ||||||
The assets' residual values, useful lives and depreciationmethods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant changesince the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income. |
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Stocks | ||||||||
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Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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Provisions | ||||||||
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Foreign currency translation | ||||||||
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Leased assets | ||||||||
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Pensions | ||||||||
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2 | Audit information | |||||||
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Senior statutory auditor: |
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Firm: |
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Date of audit report: |
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3 | Employees | 2020 | 2019 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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4 | Intangible fixed assets | £ | ||||||
Goodwill: | Patents | Web design | Goodwill | Total | ||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 January 2020 | 650,000 | 9,445 | 800,000 |
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At 31 December 2020 | 650,000 | 9,445 | 800,000 |
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Amortisation | ||||||||
At 1 January 2020 | 265,417 | 4,748 | 527,764 |
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Provided during the year | 21,666 | 705 | 26,664 |
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At 31 December 2020 | 287,083 | 5,453 | 554,428 |
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Net book value | 362,917 | 3,992 | 245,572 | 612,481 | ||||
At 31 December 2020 | ||||||||
At 31 December 2019 | 384,583 | 4,697 | 272,236 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years. | ||||||||
5 | Tangible fixed assets | |||||||
Leasehold property and improvements | Office equipment | Fixtures, fittings, tools and equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 January 2020 |
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Additions | - |
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At 31 December 2020 |
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Depreciation | ||||||||
At 1 January 2020 |
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Charge for the year |
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At 31 December 2020 |
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Net book value | ||||||||
At 31 December 2020 |
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At 31 December 2019 |
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6 | Debtors | 2020 | 2019 | |||||
£ | £ | |||||||
Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7 | Creditors: amounts falling due within one year | 2020 | 2019 | |||||
£ | £ | |||||||
Bank loans and overdrafts |
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Obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest | - |
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Taxation and social security costs |
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Other creditors |
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8 | Creditors: amounts falling due after one year | 2020 | 2019 | |||||
£ | £ | |||||||
Obligations under finance lease and hire purchase contracts |
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9 | Pension commitments | |||||||
The Company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company an indebendently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,824 (2019 - £14,133) | ||||||||
10 | Other financial commitments | 2020 | 2019 | |||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases |
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11 | Contingent liabilities | |||||||
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A letter Set-off dated 13/04/1999 | ||||||||
A letter Set-off dated 13/04/1999 | ||||||||
12 | Related party transactions | |||||||
2020 | 2019 | |||||||
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Brodie and Stone Holding Ltd | Debtor | 911,059 | 868,459 | |||||
Viaderm Ltd | Intercompany loan | 0 | (1,129,123) | |||||
Directors loan | Other creditors | (1,494,020) | (1,855,017) | |||||
Profit and loss | ||||||||
Viaderm Ltd | Purchases | 2,438,811 | 2,487,171 | |||||
Brodie and Stone Australia Pty Ltd | Sales | - | 150,991 | |||||
Viaderm Ltd | Management charge | - | 620,000 | |||||
Brodie and Stone Australia Pty Ltd | Management Income | - | (120,000) | |||||
Viaderm Ltd | Loan written back | 964,229 | - | |||||
Brodie and Stone Australia Pty Ltd | Loan written off | 26,521 | (296,991) | |||||
13 | Controlling party | |||||||
Brodie and Stone Holding Plc prepares financial statements and copies can be obtained from 64 Woodcock Hill, Kenton, Middx, HA9 8SF. |
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14 | Other information | |||||||
Brodie and Stone International Ltd is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
64 Woodcock Hill | ||||||||
Kenton | ||||||||
Mddlesex | ||||||||
HA3 0JF |