Braggott Homes Limited - Accounts to registrar (filleted) - small 18.2

Braggott Homes Limited - Accounts to registrar (filleted) - small 18.2

BRAGGOTT HOMES LIMITED - Company Information

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REGISTERED NUMBER: 02583870 (England and Wales)















BRAGGOTT HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2021






BRAGGOTT HOMES LIMITED (REGISTERED NUMBER: 02583870)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRAGGOTT HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2021







DIRECTORS: W D Bramhald
S Bramhald





SECRETARY: W D Bramhald





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 02583870 (England and Wales)





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BRAGGOTT HOMES LIMITED (REGISTERED NUMBER: 02583870)

ABRIDGED BALANCE SHEET
30 APRIL 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,443 10,454
Investments 5 100 100
Investment property 6 88,500 91,500
116,043 102,054

CURRENT ASSETS
Stocks 273,971 491,825
Debtors 472,066 303,952
Cash at bank 148,427 26,203
894,464 821,980
CREDITORS
Amounts falling due within one year 112,308 126,847
NET CURRENT ASSETS 782,156 695,133
TOTAL ASSETS LESS CURRENT
LIABILITIES
898,199
797,187

CREDITORS
Amounts falling due after more than one
year
(55,728
)
-

PROVISIONS FOR LIABILITIES (5,214 ) (1,986 )
NET ASSETS 837,257 795,201

CAPITAL AND RESERVES
Called up share capital 99 99
Other reserves 33 33
Retained earnings 837,125 795,069
SHAREHOLDERS' FUNDS 837,257 795,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

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BRAGGOTT HOMES LIMITED (REGISTERED NUMBER: 02583870)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2022 and were signed on its behalf by:





W D Bramhald - Director


The notes form part of these financial statements

Page 3
BRAGGOTT HOMES LIMITED (REGISTERED NUMBER: 02583870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is being written off over the period of the lease. The directors consider the open market value of investment property to be at least equal to the book amounts.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


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BRAGGOTT HOMES LIMITED (REGISTERED NUMBER: 02583870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2020 18,980
Additions 22,949
At 30 April 2021 41,929
DEPRECIATION
At 1 May 2020 8,526
Charge for year 5,960
At 30 April 2021 14,486
NET BOOK VALUE
At 30 April 2021 27,443
At 30 April 2020 10,454


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BRAGGOTT HOMES LIMITED (REGISTERED NUMBER: 02583870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2021


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2020
and 30 April 2021 100
NET BOOK VALUE
At 30 April 2021 100
At 30 April 2020 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2020
and 30 April 2021 120,000
DEPRECIATION
At 1 May 2020 28,500
Charge for year 3,000
At 30 April 2021 31,500
NET BOOK VALUE
At 30 April 2021 88,500
At 30 April 2020 91,500

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed by the Director, W Bramhald, £51,529 (2020: owed to Director £7,209). Interest is charged at 2.25% on loans to directors.

8. GOVERNMENT ASSISTANCE

During the year the company has received grant income under HM Government Coronavirus Job Retention Scheme totalling £72,852 (2020: £14,886).The company has taken out a bank loan under the Coronavirus Business Interruption Loan ("CBIL") scheme. The loan interest in the first 12 months is covered by HM Government by the Business Interruption payment. The amount recognised in the period in respect of this is £1,146.

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