1
31/01/2022
2022-01-31
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No description of principal activities is disclosed
2021-02-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
03907946
2021-02-01
2022-01-31
03907946
2022-01-31
03907946
2021-01-31
03907946
2020-02-01
2021-01-31
03907946
2021-01-31
03907946
core:LandBuildings
core:OwnedOrFreeholdAssets
2021-02-01
2022-01-31
03907946
core:PlantMachinery
2021-02-01
2022-01-31
03907946
core:FurnitureFittingsToolsEquipment
2021-02-01
2022-01-31
03907946
core:MotorVehicles
2021-02-01
2022-01-31
03907946
bus:Director1
2021-02-01
2022-01-31
03907946
core:LandBuildings
core:OwnedOrFreeholdAssets
2021-01-31
03907946
core:PlantMachinery
2021-01-31
03907946
core:FurnitureFittingsToolsEquipment
2021-01-31
03907946
core:MotorVehicles
2021-01-31
03907946
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-01-31
03907946
core:PlantMachinery
2022-01-31
03907946
core:FurnitureFittingsToolsEquipment
2022-01-31
03907946
core:MotorVehicles
2022-01-31
03907946
core:WithinOneYear
2022-01-31
03907946
core:WithinOneYear
2021-01-31
03907946
core:AfterOneYear
2022-01-31
03907946
core:AfterOneYear
2021-01-31
03907946
core:ShareCapital
2022-01-31
03907946
core:ShareCapital
2021-01-31
03907946
core:RetainedEarningsAccumulatedLosses
2022-01-31
03907946
core:RetainedEarningsAccumulatedLosses
2021-01-31
03907946
core:DeferredTaxation
2021-02-01
2022-01-31
03907946
core:AcceleratedTaxDepreciationDeferredTax
2022-01-31
03907946
core:AcceleratedTaxDepreciationDeferredTax
2021-01-31
03907946
core:LandBuildings
core:OwnedOrFreeholdAssets
2021-01-31
03907946
core:PlantMachinery
2021-01-31
03907946
core:FurnitureFittingsToolsEquipment
2021-01-31
03907946
core:MotorVehicles
2021-01-31
03907946
core:DeferredTaxation
2021-01-31
03907946
core:DeferredTaxation
2022-01-31
03907946
bus:Director1
2021-01-31
03907946
bus:Director1
2020-01-31
03907946
bus:Director1
2021-01-31
03907946
bus:Director1
2020-02-01
2021-01-31
03907946
bus:SmallEntities
2021-02-01
2022-01-31
03907946
bus:AuditExempt-NoAccountantsReport
2021-02-01
2022-01-31
03907946
bus:FullAccounts
2021-02-01
2022-01-31
03907946
bus:SmallCompaniesRegimeForAccounts
2021-02-01
2022-01-31
03907946
bus:PrivateLimitedCompanyLtd
2021-02-01
2022-01-31
Company registration number:
03907946
BRAMBLE CONSTRUCTION LIMITED
Unaudited filleted financial statements
31 January 2022
BRAMBLE CONSTRUCTION LIMITED
Contents
Statement of financial position
Notes to the financial statements
BRAMBLE CONSTRUCTION LIMITED
Statement of financial position
31 January 2022
|
|
|
2022 |
|
|
|
2021 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
298,334 |
|
|
|
299,093 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
298,334 |
|
|
|
299,093 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
2,483 |
|
|
|
19,755 |
|
|
Cash at bank and in hand |
|
|
7,702 |
|
|
|
116 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
10,185 |
|
|
|
19,871 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
62,285) |
|
|
|
(
46,548) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
52,100) |
|
|
|
(
26,677) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
246,234 |
|
|
|
272,416 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
2,000) |
|
|
|
(
2,600) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
9 |
|
|
(
25) |
|
|
|
(
33) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
244,209 |
|
|
|
269,783 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2 |
|
|
|
2 |
Profit and loss account |
|
|
|
|
244,207 |
|
|
|
269,781 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
244,209 |
|
|
|
269,783 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
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|
|
For the year ending 31 January 2022 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 August 2023
, and are signed on behalf of the board by:
Mr Andrew McGuire
Director
Company registration number:
03907946
BRAMBLE CONSTRUCTION LIMITED
Notes to the financial statements
Year ended 31 January 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Bramble Construction Limited, 87 Fitzwilliam Street, Huddersfield, West Yorkshire, HD1 5LG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
2 % |
straight line |
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Office equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 February 2021 |
|
|
|
|
|
|
|
|
and 31 January 2022 |
313,159 |
5,250 |
2,138 |
13,490 |
334,037 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 February 2021 |
14,241 |
5,183 |
2,127 |
13,393 |
34,944 |
|
|
|
Charge for the year |
715 |
17 |
3 |
24 |
759 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 January 2022 |
14,956 |
5,200 |
2,130 |
13,417 |
35,703 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 January 2022 |
298,203 |
50 |
8 |
73 |
298,334 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 January 2021 |
298,918 |
67 |
11 |
97 |
299,093 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
Investment property
Included within the above is investment property measured at fair value as follows:
|
|
£ |
|
At 1 February 2021 and 31 January 2022 |
277,426 |
|
|
_______ |
|
|
|
6.
Debtors
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Trade debtors |
|
2,483 |
- |
|
Other debtors |
|
- |
19,755 |
|
|
|
_______ |
_______ |
|
|
|
2,483 |
19,755 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
600 |
400 |
|
Trade creditors |
|
2,529 |
1,527 |
|
Corporation tax |
|
39,504 |
32,089 |
|
Social security and other taxes |
|
8,716 |
2,616 |
|
Other creditors |
|
10,936 |
9,916 |
|
|
|
_______ |
_______ |
|
|
|
62,285 |
46,548 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
2,000 |
2,600 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Provisions
|
|
Deferred tax (note 10) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 February 2021 |
33 |
33 |
|
|
|
|
Charges against provisions |
(
8) |
(
8) |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 January 2022 |
25 |
25 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Included in provisions (note 9) |
|
25 |
33 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
25 |
33 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Andrew McGuire |
(
520) |
- |
520 |
- |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Andrew McGuire |
(
287) |
(
233) |
- |
(
520) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
Credits on directors accounts are provided to the company unsecured, interest free and are repayable on demand.