The Bran Tub (Malvern) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04680098

Financial Statements for the Year Ended 31 March 2022

for

The Bran Tub (Malvern) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

1,500

3,000

Tangible assets

5

11,962

15,856

13,462

18,856

CURRENT ASSETS

Stocks

22,737

25,101

Debtors

6

3,970

2,566

Cash at bank and in hand

45,455

47,535

72,162

75,202

CREDITORS

Amounts falling due within one year

7

71,596

75,268

NET CURRENT ASSETS/(LIABILITIES)

566

(66

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,028

18,790

CREDITORS

Amounts falling due after more than one year

8

(13,874

)

(16,577

)

PROVISIONS FOR LIABILITIES

-

(1,979

)

NET ASSETS

154

234

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

153

233

SHAREHOLDERS' FUNDS

154

234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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

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

The financial statements were approved by the director and authorised for issue on 9 August 2022 and were signed by:

Miss T J Gamlen - Director

1.	STATUTORY INFORMATION

The Bran Tub (Malvern) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number:

04680098

Registered office:

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost and 15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 3 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

30,000

AMORTISATION

At 1 April 2021

27,000

Charge for year

1,500

At 31 March 2022

28,500

NET BOOK VALUE

At 31 March 2022

1,500

At 31 March 2021

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

25,938

19,198

2,052

47,188

DEPRECIATION

At 1 April 2021

24,693

4,800

1,839

31,332

Charge for year

187

3,600

107

3,894

At 31 March 2022

24,880

8,400

1,946

35,226

NET BOOK VALUE

At 31 March 2022

1,058

10,798

106

11,962

At 31 March 2021

1,245

14,398

213

15,856

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Deferred tax asset

2,384

-

Prepayments

1,586

2,566

3,970

2,566

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Hire purchase contracts

3,252

3,800

Trade creditors

16,158

21,088

Tax

5,648

6,053

Social security and other taxes

393

274

VAT

407

134

Other creditors

380

-

Directors' current accounts

43,827

42,031

Accrued expenses

1,531

1,888

71,596

75,268

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Hire purchase contracts

13,874

16,577

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2021

233

Profit for the year

20,720

Dividends

(20,800

)

At 31 March 2022

153