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REGISTERED NUMBER: 07644513 (England and Wales)















Brennan Communications Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






Brennan Communications Limited (Registered number: 07644513)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brennan Communications Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: M P Brennan





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 6 Westwell Leacon
Charing
Ashford
Kent
TN27 0EH





REGISTERED NUMBER: 07644513 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Brennan Communications Limited (Registered number: 07644513)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 370,125 432,978

CURRENT ASSETS
Debtors 5 325,574 344,586
Cash at bank and in hand 569 80,935
326,143 425,521
CREDITORS
Amounts falling due within one year 6 208,280 152,764
NET CURRENT ASSETS 117,863 272,757
TOTAL ASSETS LESS CURRENT LIABILITIES 487,988 705,735

CREDITORS
Amounts falling due after more than one year 7 (242,915 ) (348,529 )

PROVISIONS FOR LIABILITIES (74,839 ) (82,084 )
NET ASSETS 170,234 275,122

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 170,132 275,020
SHAREHOLDERS' FUNDS 170,234 275,122

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 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.

Brennan Communications Limited (Registered number: 07644513)

Statement of Financial Position - 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 director and authorised for issue on 15 March 2024 and were signed by:





M P Brennan - Director


Brennan Communications Limited (Registered number: 07644513)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Brennan Communications 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.

Income recognition
Turnover represents invoiced sale of services, excluding value added tax. Turnover is recognised as income when the company becomes entitled to it, usually on the rendering of a sales invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 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.

Brennan Communications Limited (Registered number: 07644513)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 647,095
Additions 46,389
At 30 June 2023 693,484
DEPRECIATION
At 1 July 2022 214,117
Charge for year 109,242
At 30 June 2023 323,359
NET BOOK VALUE
At 30 June 2023 370,125
At 30 June 2022 432,978


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 186,431 214,186
Amounts recoverable on contracts 49,668 39,523
Other debtors 89,475 90,877
325,574 344,586

Brennan Communications Limited (Registered number: 07644513)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 99,786 58,874
Hire purchase contracts 38,440 35,816
Trade creditors 8,788 9,415
Taxation and social security 44,513 31,821
Other creditors 16,753 16,838
208,280 152,764

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 104,961 172,145
Hire purchase contracts 137,954 176,384
242,915 348,529

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 22,602 -
Hire purchase contracts 176,394 212,200
198,996 212,200

The bank overdraft facility is guaranteed against the assets of the company, not including the assets secured under hire purchase and finance lease, to an amount not exceeding £25,000.

The financial commitments are secured against the assets concerned.