IRIS Accounts Production v23.3.0.418 06120135 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061201352022-02-28061201352023-02-28061201352022-03-012023-02-28061201352021-02-28061201352021-03-012022-02-28061201352022-02-2806120135ns10:Originalns15:EnglandWales2022-03-012023-02-2806120135ns14:PoundSterlingns10:Original2022-03-012023-02-2806120135ns10:Originalns10:Director12022-03-012023-02-2806120135ns10:Original2022-03-012023-02-2806120135ns10:Originalns10:Director22022-03-012023-02-2806120135ns10:Original2023-02-2806120135ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2806120135ns10:Originalns10:SmallEntities2022-03-012023-02-2806120135ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2806120135ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806120135ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2806120135ns10:Originalns10:FullAccounts2022-03-012023-02-2806120135ns10:Original12022-03-012023-02-2806120135ns10:Original2022-02-2806120135ns10:Originalns5:CurrentFinancialInstruments2023-02-2806120135ns10:Originalns5:CurrentFinancialInstruments2022-02-2806120135ns10:Originalns5:Non-currentFinancialInstruments2023-02-2806120135ns10:Originalns5:Non-currentFinancialInstruments2022-02-2806120135ns5:ShareCapitalns10:Original2023-02-2806120135ns5:ShareCapitalns10:Original2022-02-2806120135ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2806120135ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2806120135ns10:Originalns10:RegisteredOffice2022-03-012023-02-2806120135ns10:Originalns5:NetGoodwill2022-03-012023-02-2806120135ns10:Originalns5:PlantMachinery2022-03-012023-02-2806120135ns10:Originalns5:MotorVehicles2022-03-012023-02-2806120135ns10:Original2021-03-012022-02-2806120135ns10:Originalns5:NetGoodwill2022-02-2806120135ns10:Originalns5:NetGoodwill2023-02-2806120135ns10:Originalns5:NetGoodwill2022-02-2806120135ns10:Originalns5:PlantMachinery2022-02-2806120135ns10:Originalns5:MotorVehicles2022-02-2806120135ns10:Original2022-02-2806120135ns10:Originalns5:PlantMachinery2023-02-2806120135ns10:Originalns5:MotorVehicles2023-02-2806120135ns10:Originalns5:PlantMachinery2022-02-2806120135ns10:Originalns5:MotorVehicles2022-02-2806120135ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-2806120135ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2806120135ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-2806120135ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806120135ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 06120135 (England and Wales)











Financial Statements for the Year Ended 28 February 2023

for

Brennan Plumbing & Heating Limited

Brennan Plumbing & Heating Limited (Registered number: 06120135)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Brennan Plumbing & Heating Limited (Registered number: 06120135)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,750
Tangible assets 5 33,188 26,818
40,188 35,568

CURRENT ASSETS
Stocks 11,664 11,754
Debtors 6 118,141 106,849
Cash at bank and in hand 25,946 14,493
155,751 133,096
CREDITORS
Amounts falling due within one year 7 148,296 131,069
NET CURRENT ASSETS 7,455 2,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,643

37,595

CREDITORS
Amounts falling due after more than one year 8 9,127 12,889
NET ASSETS 38,516 24,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,416 24,606
SHAREHOLDERS' FUNDS 38,516 24,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Brennan Plumbing & Heating Limited (Registered number: 06120135)

Balance Sheet - continued
28 February 2023


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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




D Brennan - Director



J K G Brennan - Director


Brennan Plumbing & Heating Limited (Registered number: 06120135)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Brennan Plumbing & Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06120135

Registered office: 35 Chafen Road
Bitterne Manor
Southampton
Hampshire
SO18 1BD

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants are recognised in accordance with the accrual model.

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 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.

Brennan Plumbing & Heating Limited (Registered number: 06120135)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 35,000
AMORTISATION
At 1 March 2022 26,250
Charge for year 1,750
At 28 February 2023 28,000
NET BOOK VALUE
At 28 February 2023 7,000
At 28 February 2022 8,750

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 15,900 64,975 80,875
Additions 2,604 11,775 14,379
Disposals - (2,633 ) (2,633 )
At 28 February 2023 18,504 74,117 92,621
DEPRECIATION
At 1 March 2022 13,100 40,957 54,057
Charge for year 875 6,937 7,812
Eliminated on disposal - (2,436 ) (2,436 )
At 28 February 2023 13,975 45,458 59,433
NET BOOK VALUE
At 28 February 2023 4,529 28,659 33,188
At 28 February 2022 2,800 24,018 26,818

Brennan Plumbing & Heating Limited (Registered number: 06120135)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 9,975
Transfer to ownership (9,975 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 7,608
Transfer to ownership (7,608 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 2,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 118,141 106,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,966 3,966
Hire purchase contracts - 1,639
Trade creditors 27,034 29,162
Taxation and social security 41,171 33,785
Other creditors 76,125 62,517
148,296 131,069

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,127 12,889