IRIS Accounts Production v23.3.0.418 02778570 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027785702022-06-30027785702023-06-30027785702022-07-012023-06-30027785702021-06-30027785702021-07-012022-06-30027785702022-06-3002778570ns10:Originalns15:EnglandWales2022-07-012023-06-3002778570ns14:PoundSterlingns10:Original2022-07-012023-06-3002778570ns10:Originalns10:Director12022-07-012023-06-3002778570ns10:Original2022-07-012023-06-3002778570ns10:Originalns10:Director22022-07-012023-06-3002778570ns10:Original2023-06-3002778570ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002778570ns10:Originalns10:SmallEntities2022-07-012023-06-3002778570ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3002778570ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002778570ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002778570ns10:Originalns10:FullAccounts2022-07-012023-06-3002778570ns10:Originalns10:Director32022-07-012023-06-3002778570ns10:Originalns10:Director42022-07-012023-06-3002778570ns10:Originalns10:Director52022-07-012023-06-3002778570ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002778570ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002778570ns10:Original2022-06-3002778570ns10:Originalns5:CurrentFinancialInstruments2022-06-3002778570ns10:Originalns5:CurrentFinancialInstruments2023-06-3002778570ns5:ShareCapitalns10:Original2022-06-3002778570ns5:ShareCapitalns10:Original2023-06-3002778570ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002778570ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002778570ns10:Originalns5:PlantMachinery2022-07-012023-06-3002778570ns10:Original2021-07-012022-06-3002778570ns10:Originalns5:PlantMachinery2022-06-3002778570ns10:Originalns5:PlantMachinery2023-06-3002778570ns10:Originalns5:PlantMachinery2022-06-3002778570ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002778570ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 02778570 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRENNAN LIMITED

BRENNAN LIMITED (REGISTERED NUMBER: 02778570)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRENNAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: T R Brennan
Mrs L J Brennan
G Martyn
J M Evans
B Shears





SECRETARY: Mrs L J Brennan





REGISTERED OFFICE: 7 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ





REGISTERED NUMBER: 02778570 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

BRENNAN LIMITED (REGISTERED NUMBER: 02778570)

BALANCE SHEET
30 JUNE 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
42,643 Tangible assets 4 36,020

CURRENT ASSETS
2,870,441 Debtors 5 3,084,286
1,478,182 Cash at bank and in hand 3,613,022
4,348,623 6,697,308
CREDITORS
3,537,336 Amounts falling due within one year 6 5,774,019
811,287 NET CURRENT ASSETS 923,289
853,930 TOTAL ASSETS LESS CURRENT
LIABILITIES

959,309

CAPITAL AND RESERVES
586,542 Called up share capital 586,542
267,388 Retained earnings 372,767
853,930 SHAREHOLDERS' FUNDS 959,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 LIMITED (REGISTERED NUMBER: 02778570)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:




T R Brennan - Director



Mrs L J Brennan - Director


BRENNAN LIMITED (REGISTERED NUMBER: 02778570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Brennan 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


BRENNAN LIMITED (REGISTERED NUMBER: 02778570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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 25 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 262,100
Additions 4,594
At 30 June 2023 266,694
DEPRECIATION
At 1 July 2022 219,457
Charge for year 11,217
At 30 June 2023 230,674
NET BOOK VALUE
At 30 June 2023 36,020
At 30 June 2022 42,643

BRENNAN LIMITED (REGISTERED NUMBER: 02778570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 2,562,954 1,784,876
Amounts owed by group undertakings 368,297 395,891
Amounts owed by associates 58,800 -
Other debtors 94,235 689,674
3,084,286 2,870,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,931,560 1,666,265
Amounts owed to associates - 212,086
Taxation and social security 1,097,480 713,628
Other creditors 2,744,979 945,357
5,774,019 3,537,336

7. OTHER FINANCIAL COMMITMENTS

At the year end, the company had a total commitment under non-cancellable operating leases of £440,000, which represents the total amount of rent due on the trading premises, through to October 2030. The annual amount of this commitment is £52,800.