Brookglen Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03257787 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BROOKGLEN SYSTEMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Walsh

Mr D L Richards

Mr K Roberts

Mr D M Ebenezer

REGISTERED OFFICE:

Unit 105

Glan Yr Afon Industrial Estate

Llanbadarn Fawr

Aberystwyth

Ceredigion

SY23 3JQ

REGISTERED NUMBER:

03257787 (England and Wales)

FIXED ASSETS

Tangible assets

4

537,991

459,111

CURRENT ASSETS

Debtors

295,279

333,357

Cash at bank

824,864

788,370

1,120,143

1,121,727

CREDITORS

Amounts falling due within one year

193,022

267,661

NET CURRENT ASSETS

927,121

854,066

TOTAL ASSETS LESS CURRENT LIABILITIES

1,465,112

1,313,177

CREDITORS

Amounts falling due after more than one year

(70,525

)

(50,000

)

PROVISIONS FOR LIABILITIES

5

(99,500

)

(84,000

)

NET ASSETS

1,295,087

1,179,177

CAPITAL AND RESERVES

Called up share capital

133

133

Retained earnings

1,294,954

1,179,044

SHAREHOLDERS' FUNDS

1,295,087

1,179,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Income Statement and an abridged Balance Sheet for the year ended 31 December 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 31 July 2022 and were signed on its behalf by:

Mr J M Walsh - Director

1.	STATUTORY INFORMATION

Brookglen Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

20% on cost and 15% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern basis of accounting

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2020 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

2,100,462

Additions

142,589

At 31 December 2021

2,243,051

DEPRECIATION

At 1 January 2021

1,641,351

Charge for year

63,709

At 31 December 2021

1,705,060

NET BOOK VALUE

At 31 December 2021

537,991

At 31 December 2020

459,111

5.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

99,500

84,000

Deferred

tax

£

Balance at 1 January 2021

84,000

Provided during year

15,500

Balance at 31 December 2021

99,500