REGISTERED NUMBER: |
Audited Financial Statements |
for the Year Ended 31 December 2022 |
for |
John Brumfit & Radford |
Tobacco Limited |
REGISTERED NUMBER: |
Audited Financial Statements |
for the Year Ended 31 December 2022 |
for |
John Brumfit & Radford |
Tobacco Limited |
John Brumfit & Radford |
Tobacco Limited (Registered number: 00982420) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
John Brumfit & Radford |
Tobacco Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
John Brumfit & Radford |
Tobacco Limited (Registered number: 00982420) |
Statement of Financial Position |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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 Board of Directors and authorised for issue on |
John Brumfit & Radford |
Tobacco Limited (Registered number: 00982420) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
John Brumfit & Radford Tobacco Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the net invoiced value of licensing fee income, excluding value added tax. Licensing fee income is calculated with reference to a flat rate based on sales made by group undertakings. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss Account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
Value added tax |
John Brumfit & Radford |
Tobacco Limited (Registered number: 00982420) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Tax |
Accruals & deferred income |
6. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2022 |
Profit for the year |
Dividends | ( |
) |
At 31 December 2022 |
The directors propose a dividend of £100,000 (2021: £70,000) for the year ended 31 December 2022. |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
P F T Engels is a director of Pöschl Tabak GmbH & Co.KG, an entity registered in the Federal Republic of Germany. 100% of the company's turnover was received from Pöschl Tabak GmbH & Co.KG. |
At 31 December 2022 a balance of £162,421 (2021: £123,363) was owing from this company. |
9. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
10. | ULTIMATE PARENT UNDERTAKING AND ULTIMATE CONTROLLER |
The company is a wholly owned subsidiary of Pöschl International GmbH, a company registered in the Federal Republic of Germany. The ultimate controllers are the Pöschl and Engels families in equal ownership between both families. |