ACCOUNTS - Final Accounts

BRANDON SERVICES LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true22022-04-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11633789 2022-04-01 2023-03-31 11633789 2021-04-01 2022-03-31 11633789 2023-03-31 11633789 2022-03-31 11633789 c:Director1 2022-04-01 2023-03-31 11633789 d:Buildings 2022-04-01 2023-03-31 11633789 d:Buildings 2023-03-31 11633789 d:Buildings 2022-03-31 11633789 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11633789 d:MotorVehicles 2022-04-01 2023-03-31 11633789 d:MotorVehicles 2023-03-31 11633789 d:MotorVehicles 2022-03-31 11633789 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11633789 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11633789 d:CurrentFinancialInstruments 2023-03-31 11633789 d:CurrentFinancialInstruments 2022-03-31 11633789 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11633789 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11633789 d:ShareCapital 2023-03-31 11633789 d:ShareCapital 2022-03-31 11633789 d:RetainedEarningsAccumulatedLosses 2023-03-31 11633789 d:RetainedEarningsAccumulatedLosses 2022-03-31 11633789 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11633789 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 11633789 c:FRS102 2022-04-01 2023-03-31 11633789 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11633789 c:FullAccounts 2022-04-01 2023-03-31 11633789 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11633789 2 2022-04-01 2023-03-31 11633789 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11633789

BRANDON SERVICES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

BRANDON SERVICES LTD

REGISTERED NUMBER: 11633789

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		418,204		393,935
Investments	5		1		205,966
			418,205		599,901
Current assets
Debtors: amounts falling due within one year	6	3,536		1,421
Cash at bank and in hand	7	520,833		288,654
		524,369		290,075
Creditors: amounts falling due within one year	8	(13,141)		(7,469)
Net current assets			511,228		282,606
Total assets less current liabilities			929,433		882,507
Provisions for liabilities
Deferred tax	9	(6,777)		-
			(6,777)		-
Net assets			922,656		882,507

Capital and reserves
Called up share capital	2	2
Profit and loss account	922,654	882,505
	922,656	882,507

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BRANDON SERVICES LTD

REGISTERED NUMBER: 11633789

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 December 2023.

P King

Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

BRANDON SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Brandon Services Ltd is a private company limited by shares, incorporated in England and Wales, with a company registration number of 11633789. The registered office address is 34 Wimbledon Avenue, London Road Industrial Estate, Brandon, Suffolk, IP27 0NZ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

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BRANDON SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

				Freehold property	-	2%	straight line basis
				Motor vehicles	-	25%	reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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BRANDON SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

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BRANDON SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.	Tangible fixed assets

	Freehold property	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 April 2022	400,000	10,820	410,820
Additions	-	35,000	35,000
At 31 March 2023	400,000	45,820	445,820
Depreciation
At 1 April 2022	13,500	3,385	16,885
Charge for the year on owned assets	4,500	6,231	10,731
At 31 March 2023	18,000	9,616	27,616
Net book value
At 31 March 2023	382,000	36,204	418,204
At 31 March 2022	386,500	7,435	393,935

5.	Fixed asset investments

	Investment in related party	Unlisted investment	Total
	£	£	£
Cost
At 1 April 2022	1	205,965	205,966
Disposals	-	(205,965)	(205,965)
At 31 March 2023	1	-	1

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BRANDON SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Debtors

					2023	2022
					£	£


Trade debtors	3,129	1,118
Other debtors	205	23
Called up share capital not paid	2	2
Prepayments	200	278
	3,536	1,421

7.	Cash and cash equivalents
		2023	2022
		£	£

	Cash at bank and in hand	520,833	288,654

8.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	2,782	131
Amounts owed to participating interests	1	1
Corporation tax	5,178	5,259
Other taxation and social security	444	478
Other creditors	3,086	-
Accruals	1,650	1,600
	13,141	7,469

Page 7

BRANDON SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

9.	Deferred taxation

		2023
		£

	Charged to profit or loss	6,777
	At end of year	6,777

The deferred taxation balance is made up as follows:
	2023	2022
	£	£

Accelerated capital allowances

6,777

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