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REGISTERED NUMBER: 03408672 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Brough Construction Limited

Brough Construction Limited (Registered number: 03408672)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brough Construction Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A J Brough
E H Brough





SECRETARY: E H Brough





REGISTERED OFFICE: Station Yard
Station Lane
Nateby
Preston
Lancashire
PR3 0LT





REGISTERED NUMBER: 03408672 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Brough Construction Limited (Registered number: 03408672)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 404,327 471,262

CURRENT ASSETS
Stocks 59,020 251,975
Debtors 5 165,514 211,693
Cash at bank and in hand 486,064 79,548
710,598 543,216
CREDITORS
Amounts falling due within one year 6 411,588 259,555
NET CURRENT ASSETS 299,010 283,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

703,337

754,923

CREDITORS
Amounts falling due after more than one
year

7

(47,603

)

(71,408

)

PROVISIONS FOR LIABILITIES 9 (74,859 ) (81,984 )
NET ASSETS 580,875 601,531

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 580,675 601,331
SHAREHOLDERS' FUNDS 580,875 601,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Brough Construction Limited (Registered number: 03408672)

Balance Sheet - continued
31 January 2024


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 August 2024 and were signed on its behalf by:





A J Brough - Director


Brough Construction Limited (Registered number: 03408672)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Brough Construction 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.

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.

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.
Pellet Building - 4% on cost
Energy generating assets - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Brough Construction Limited (Registered number: 03408672)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Energy
Pellet generating Plant and
Building assets machinery
£    £    £   
COST
At 1 February 2023 146,827 99,013 539,210
Additions - - 905
Disposals - - (119,082 )
At 31 January 2024 146,827 99,013 421,033
DEPRECIATION
At 1 February 2023 31,175 47,409 238,528
Charge for year 5,872 4,950 42,518
Eliminated on disposal - - (105,596 )
At 31 January 2024 37,047 52,359 175,450
NET BOOK VALUE
At 31 January 2024 109,780 46,654 245,583
At 31 January 2023 115,652 51,604 300,682

Brough Construction Limited (Registered number: 03408672)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 13,153 14,602 7,777 820,582
Additions - - - 905
Disposals (2,225 ) (14,602 ) (5,302 ) (141,211 )
At 31 January 2024 10,928 - 2,475 680,276
DEPRECIATION
At 1 February 2023 10,586 14,520 7,102 349,320
Charge for year 386 15 499 54,240
Eliminated on disposal (2,178 ) (14,535 ) (5,302 ) (127,611 )
At 31 January 2024 8,794 - 2,299 275,949
NET BOOK VALUE
At 31 January 2024 2,134 - 176 404,327
At 31 January 2023 2,567 82 675 471,262

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 132,250
DEPRECIATION
At 1 February 2023 20,109
Charge for year 15,088
At 31 January 2024 35,197
NET BOOK VALUE
At 31 January 2024 97,053
At 31 January 2023 112,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 146,890 193,224
Accrued income 8,685 10,088
VAT - 2,227
Prepayments 9,939 6,154
165,514 211,693

Brough Construction Limited (Registered number: 03408672)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 23,805 23,805
Trade creditors 106,227 34,544
Corporation tax 32,314 18,074
Social security and other taxes 348 904
VAT 43,902 -
Sundry creditor - 18
Directors' current accounts 192,942 163,803
Accruals and deferred income 12,050 18,407
411,588 259,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 47,603 71,408

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 71,408 95,213

The hire purchase liability is secured on the asset to which it relates.

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 74,859 81,984

Deferred
tax
£   
Balance at 1 February 2023 81,984
Unused amounts reversed during year (15,477 )
Reversal of super deduction (13,328 )
Change in tax rate 21,680
Balance at 31 January 2024 74,859

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
200 Ordinary £1 200 200

Brough Construction Limited (Registered number: 03408672)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


11. OTHER FINANCIAL COMMITMENTS

At 31 January 2024, the company had other financial commitments relating to maintenance contracts of £25,121 (2023: £32,385) due within five years.