P.J.Brazier & Co.Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00839456 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

FOR

P.J.BRAZIER & CO.LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr L S Brazier

SECRETARY:

REGISTERED OFFICE:

44 High Street

New Romney

Kent

TN28 8BZ

REGISTERED NUMBER:

00839456 (England and Wales)

ACCOUNTANTS:

Stephen Hill Mid Kent Ltd

44 High Street

New Romney

Kent

TN28 8BZ

FIXED ASSETS

Tangible assets

4

196,169

232,345

CURRENT ASSETS

Stocks

1,954,239

1,841,759

Debtors

5

329,417

353,454

Cash at bank and in hand

50,118

164,226

2,333,774

2,359,439

CREDITORS

Amounts falling due within one year

6

154,497

298,775

NET CURRENT ASSETS

2,179,277

2,060,664

TOTAL ASSETS LESS CURRENT LIABILITIES

2,375,446

2,293,009

CREDITORS

Amounts falling due after more than one year

7

52,957

7,741

NET ASSETS

2,322,489

2,285,268

CAPITAL AND RESERVES

Called up share capital

102

102

Revaluation reserve

8

79,489

79,489

Retained earnings

2,242,898

2,205,677

SHAREHOLDERS' FUNDS

2,322,489

2,285,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 3 February 2022 and were signed by:

Mr L S Brazier - Director

1.	STATUTORY INFORMATION

P.J.Brazier & Co.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.

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.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 6 April 2020

132,016

19,416

176,240

Additions

-

-

27,600

Disposals

-

-

(15,150

)

At 5 April 2021

132,016

19,416

188,690

DEPRECIATION

At 6 April 2020

33,535

3,600

127,912

Charge for year

2,636

450

17,784

Eliminated on disposal

-

-

(10,357

)

At 5 April 2021

36,171

4,050

135,339

NET BOOK VALUE

At 5 April 2021

95,845

15,366

53,351

At 5 April 2020

98,481

15,816

48,328

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 6 April 2020

9,989

126,907

464,568

Additions

-

-

27,600

Disposals

-

(64,939

)

(80,089

)

At 5 April 2021

9,989

61,968

412,079

DEPRECIATION

At 6 April 2020

8,670

58,506

232,223

Charge for year

465

10,251

31,586

Eliminated on disposal

-

(37,542

)

(47,899

)

At 5 April 2021

9,135

31,215

215,910

NET BOOK VALUE

At 5 April 2021

854

30,753

196,169

At 5 April 2020

1,319

68,401

232,345

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.21

5.4.20

£

£

Other debtors

329,417

353,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.21

5.4.20

£

£

Hire purchase contracts

16,259

21,201

Trade creditors

74,549

131,723

Taxation and social security

20,436

18,213

Other creditors

43,253

127,638

154,497

298,775

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.21

5.4.20

£

£

Bank loans

50,000

-

Hire purchase contracts

2,957

7,741

52,957

7,741

8.

RESERVES

Revaluation

reserve

£

At 6 April 2020

and 5 April 2021

79,489

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P.J.Brazier & Co.Limited for the year ended 5 April 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P.J.Brazier & Co.Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.J.Brazier & Co.Limited and state those matters that we have agreed to state to the director of P.J.Brazier & Co.Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.J.Brazier & Co.Limited and its director for our work or for this report.

It is your duty to ensure that P.J.Brazier & Co.Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.J.Brazier & Co.Limited. You consider that P.J.Brazier & Co.Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.J.Brazier & Co.Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stephen Hill Mid Kent Ltd

44 High Street

New Romney

Kent

TN28 8BZ

Date: .............................................