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REGISTERED NUMBER: 04659271 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BROSNANS LIMITED

BROSNANS LIMITED (REGISTERED NUMBER: 04659271)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROSNANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B J Brosnan
A J Brosnan
Mrs S C Hutchinson
Mrs K E McManus
Ms F P Rashid





REGISTERED OFFICE: Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ





REGISTERED NUMBER: 04659271 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

BROSNANS LIMITED (REGISTERED NUMBER: 04659271)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 876,141 878,454
Tangible assets 5 146,958 103,903
1,023,099 982,357

CURRENT ASSETS
Stocks 6 490,591 437,595
Debtors 7 517,966 397,431
Investments 8 25,000 25,000
Cash at bank 292,249 337,470
1,325,806 1,197,496
CREDITORS
Amounts falling due within one year 9 (816,769 ) (788,037 )
NET CURRENT ASSETS 509,037 409,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,532,136

1,391,816

CREDITORS
Amounts falling due after more than
one year

10

(355,682

)

(242,428

)
NET ASSETS 1,176,454 1,149,388

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings 1,176,254 1,149,188
SHAREHOLDERS' FUNDS 1,176,454 1,149,388

BROSNANS LIMITED (REGISTERED NUMBER: 04659271)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 April 2024 and were signed on its behalf by:





A J Brosnan - Director


BROSNANS LIMITED (REGISTERED NUMBER: 04659271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Brosnans 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
The goodwill is being written off over its useful life.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

BROSNANS LIMITED (REGISTERED NUMBER: 04659271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

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 48 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 3,526,439
Additions 254,253
At 31 March 2024 3,780,692
AMORTISATION
At 1 April 2023 2,647,985
Charge for year 256,566
At 31 March 2024 2,904,551
NET BOOK VALUE
At 31 March 2024 876,141
At 31 March 2023 878,454

BROSNANS LIMITED (REGISTERED NUMBER: 04659271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 359,103
Additions 79,795
At 31 March 2024 438,898
DEPRECIATION
At 1 April 2023 255,200
Charge for year 36,740
At 31 March 2024 291,940
NET BOOK VALUE
At 31 March 2024 146,958
At 31 March 2023 103,903

6. STOCKS
2024 2023
£    £   
Work-in-progress 490,591 437,595

Work in progress has been valued at selling price.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 470,942 364,407
Other debtors 47,024 33,024
517,966 397,431

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 25,000 25,000

BROSNANS LIMITED (REGISTERED NUMBER: 04659271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 209,950 116,681
Trade creditors 41,222 82,206
Taxation and social security 356,479 253,890
Other creditors 209,118 335,260
816,769 788,037

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 355,682 242,428

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 565,632 359,109

Handelsbanken holds a fixed & floating charge over the company's assets.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary "A" £1 100 100
200 200

13. RELATED PARTY DISCLOSURES

The company is controlled by the directors.