Brooklaw Limited - Filleted accounts

Registered number

05658387

Brooklaw Limited

Filleted Accounts

31 December 2019

Brooklaw Limited
Registered number:		05658387
Balance Sheet
as at 31 December 2019

Notes			2019			2018
£				£
Fixed assets
Tangible assets	3		958,116			950,302

Current assets
Debtors	4	678,622			593,985
Cash at bank and in hand		38,621			371
		717,243			594,356

Creditors: amounts falling due within one year	5	(1,541,269)			(1,469,504)

Net current liabilities			(824,026)			(875,148)

Net assets			134,090			75,154

Capital and reserves
Called up share capital			100			100
Profit and loss account			133,990			75,054

Shareholders' funds			134,090			75,154

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




O. Brooks
Director
Approved by the board on 11 May 2020

Brooklaw Limited
Notes to the Accounts
for the year ended 31 December 2019


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery	at 20% on a reducing balance
	Land and Buildings	no depreciation is charged

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2019		2018
Number					Number

	Average number of persons employed by the company			3		3




3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2019	948,873		6,815		955,688
	Additions	8,100		-		8,100
	At 31 December 2019	956,973		6,815		963,788

	Depreciation
	At 1 January 2019	-		5,386		5,386
	Charge for the year	-		286		286
	At 31 December 2019	-		5,672		5,672

	Net book value
	At 31 December 2019	956,973		1,143		958,116
	At 31 December 2018	948,873		1,429		950,302


4	Debtors			2019		2018
£					£

	Other debtors			678,622		593,985


5	Creditors: amounts falling due within one year			2019		2018
£					£

	Bank loans and overdrafts			1,193,066		1,201,807
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			26,789		24,789
	Taxation and social security costs			99,761		58,844
	Other creditors			221,653		184,064
				1,541,269		1,469,504


6	Other information

	Brooklaw Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3rd Floor, Hathaway House,
	Popes Drive,
	London,
	United Kingdom,
	N3 1QF

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