Bricks & Pieces Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07090344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

BRICKS & PIECES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr P Bradley

SECRETARY:

Ms P Livsey

REGISTERED OFFICE:

Suite 301 Broadstone Mill

Broadstone Road

Reddish

Stockport

Cheshire

SK5 7DL

REGISTERED NUMBER:

07090344 (England and Wales)

ACCOUNTANTS:

V.F.MATHER & CO CHARTERED ACCOUNTANTS

4 HOULDSWORTH SQUARE

REDDISH

STOCKPORT

Cheshire

SK5 7AF

FIXED ASSETS

Tangible assets

4

1,512

1,973

CURRENT ASSETS

Debtors

5

19,338

18,044

Cash at bank

25,119

7,153

44,457

25,197

CREDITORS

Amounts falling due within one year

6

209,845

195,424

NET CURRENT LIABILITIES

(165,388

)

(170,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(163,876

)

(168,254

)

CREDITORS

Amounts falling due after more than one year

7

44,010

-

NET LIABILITIES

(207,886

)

(168,254

)

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

(207,936

)

(168,304

)

SHAREHOLDERS' FUNDS

(207,886

)

(168,254

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2022 and were signed by:

Mr P Bradley - Director

1.	STATUTORY INFORMATION

Bricks & Pieces Ltd 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

13,026

21,722

34,748

Additions

449

1,140

1,589

At 31 March 2021

13,475

22,862

36,337

DEPRECIATION

At 1 April 2020

12,166

20,609

32,775

Charge for year

653

1,397

2,050

At 31 March 2021

12,819

22,006

34,825

NET BOOK VALUE

At 31 March 2021

656

856

1,512

At 31 March 2020

860

1,113

1,973

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

11,116

4,136

Other debtors

8,222

13,908

19,338

18,044

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

12,709

22,259

Trade creditors

31,068

13,953

Taxation and social security

85,481

45,387

Other creditors

80,587

113,825

209,845

195,424

31.3.21

31.3.20

Creditors

The Enterprise Fund Ltd T/A GC Business Finance

8,218

8,218

IWOCA loan

-

14,041

Bounce Back Loan repayable within 1 year

4,490

-

Trade Creditors

31,068

13,953

VAT

64,426

36,158

PAYE & NIC

21,056

9,226

Corporation Tax

-

3

Directors Loan

76,394

108,568

Employees Creditor

2,160

-

Pension Creditor

164

-

Accruals

1,869

2,757

Loan other

-

2,500

Total Creditors falling due within one year

209,845

195,424

The Company is in dispute with a creditor and court proceeding have been issued by the creditor The balance owing at 31/03/21 totals £18,956. The case has not been settled at the date the Director signed the Accounts.

The Company is in dispute with a creditor for equipment supplied under a rental agreement. The balance owing at 31/03/21 is £2,243.14.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

44,010

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

22,454

-

Creditors: Amounts falling due after more than one year

31.3.21

31.3.20

Bounce Bank Loan repayable within 1-2 years

5,389

-

Bounce Bank Loan repayable within 2-5 years

16,167

-

Bounce Bank Loan repayable over 5 year

22,454

-

Total

44,010

-

Bounce Back Loan applications were submitted online, therefore no loan application details are available..

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.21

31.3.20

£

£

Bank overdrafts

8,218

22,259

Bank loans

48,501

-

56,719

22,259

9.	GOING CONCERN

After making enquiries, and in the light of the companies continuing support from its director and creditors including a HMRC time to pay arrangement that the Directors arranged, the director have reasonable expectation that the company has adequate resources to pay the companies liabilities. The going concern basis for the accounts has therefore continued to be adopted.

BALANCE SHEET DEFICIT

The company has a deficit at the balance sheet date and is dependant on the financial support of its directors and creditors including a HMRC time to pay arrangement that the Directors arranged. The directors confirm that they expect future sales to generate profits and they continue to provide finance to pay the companies liabilities

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 Bricks & Pieces Ltd for the year ended 31 March 2021 which comprise the Statement of Income and Retained Earnings, 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 Bricks & Pieces Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bricks & Pieces Ltd and state those matters that we have agreed to state to the director of Bricks & Pieces Ltd 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 Bricks & Pieces Ltd and its director for our work or for this report.

It is your duty to ensure that Bricks & Pieces Ltd 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 loss of Bricks & Pieces Ltd. You consider that Bricks & Pieces Ltd 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 Bricks & Pieces Ltd. 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.

V.F.MATHER & CO CHARTERED ACCOUNTANTS

4 HOULDSWORTH SQUARE

REDDISH

STOCKPORT

Cheshire

SK5 7AF

29 April 2022