Company Registration No. NI673930 (Northern Ireland)
Brady Rentals Ltd
Unaudited accounts
for the year ended 31 October 2023
Brady Rentals Ltd
Unaudited accounts
Contents
Brady Rentals Ltd
Company Information
for the year ended 31 October 2023
Company Number
NI673930 (Northern Ireland)
Registered Office
77 LISNAGOLE ROAD
LISNASKEA
CO. FERMANAGH
BT92 0QF
UNITED KINGDOM
Brady Rentals Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
19,000
21,400
Cash at bank and in hand
22,211
13,767
Net current assets
31,292
26,645
Total assets less current liabilities
50,292
48,045
Creditors: amounts falling due after more than one year
(26,217)
(28,872)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
22,776
18,076
Shareholders' funds
22,876
18,176
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 March 2024 and were signed on its behalf by
Joseph Brady
Director
Company Registration No. NI673930
Brady Rentals Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brady Rentals Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI673930. The registered office is 77 LISNAGOLE ROAD, LISNASKEA, CO. FERMANAGH, BT92 0QF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Brady Rentals Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
8,828
12,803
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
8,000
8,000
Taxes and social security
5,018
3,245
Loans from directors
11,789
16,641
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).