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REGISTERED NUMBER: SC165961 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Breen Roofing & Building Contractors Ltd

Breen Roofing & Building Contractors Ltd (Registered number: SC165961)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Breen Roofing & Building Contractors Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J S Stewart





REGISTERED OFFICE: 4b Castlehill Yard
Hill Street
Ardrossan
KA22 8FE





REGISTERED NUMBER: SC165961 (Scotland)





ACCOUNTANTS: Greg Hannah Ltd
Chartered Accountants
26 Victoria Street
Rutherglen
Glasgow
G73 1DS

Breen Roofing & Building Contractors Ltd (Registered number: SC165961)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 44,135 53,906

CURRENT ASSETS
Stocks 8,500 13,500
Debtors 6 25,610 38,457
Cash at bank and in hand 51,480 68,693
85,590 120,650
CREDITORS
Amounts falling due within one year 7 80,641 78,279
NET CURRENT ASSETS 4,949 42,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,084

96,277

CREDITORS
Amounts falling due after more than one
year

8

42,313

75,814
NET ASSETS 6,771 20,463

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,769 20,461
6,771 20,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Breen Roofing & Building Contractors Ltd (Registered number: SC165961)

Balance Sheet - continued
31 December 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 17 September 2024 and were signed by:





Mr J S Stewart - Director


Breen Roofing & Building Contractors Ltd (Registered number: SC165961)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Breen Roofing & Building Contractors Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from roofing and building services supplied by the company.

Turnover is measured at the fair value of the service supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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.
Plant and machinery etc - 15% on reducing balance

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 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 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.

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.

Breen Roofing & Building Contractors Ltd (Registered number: SC165961)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Going concern
The director is satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the director considers it appropriate to prepare the financial statements on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 4,300 141,180 145,480
Additions - 7,950 7,950
Disposals - (65,279 ) (65,279 )
At 31 December 2023 4,300 83,851 88,151
DEPRECIATION
At 1 January 2023 - 91,574 91,574
Charge for year - 5,742 5,742
Eliminated on disposal - (53,300 ) (53,300 )
At 31 December 2023 - 44,016 44,016
NET BOOK VALUE
At 31 December 2023 4,300 39,835 44,135
At 31 December 2022 4,300 49,606 53,906

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 7,950
At 31 December 2023 7,950
DEPRECIATION
Charge for year 99
At 31 December 2023 99
NET BOOK VALUE
At 31 December 2023 7,851

Breen Roofing & Building Contractors Ltd (Registered number: SC165961)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,492 4,739
Other debtors 20,118 33,718
25,610 38,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,146 35,428
Hire purchase contracts 2,650 2,347
Trade creditors 23,157 25,266
Taxation and social security 15,341 11,638
Other creditors 1,347 3,600
80,641 78,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 37,234 75,814
Hire purchase contracts 5,079 -
42,313 75,814

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 24,167 34,167

The bounce back loan is supported by a 100% guarantee from the UK Government.

10. RELATED PARTY DISCLOSURES

At the 31st December 2023, the company owed Mr J Stewart £447 (2022: Nil). This loan is interest free and has no fixed repayment terms.