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REGISTERED NUMBER: 08149700 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Brimas Construction Limited

Brimas Construction Limited (Registered number: 08149700)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Brimas Construction Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs M Adams
Mrs S Holden
Mr A P Adams
Mr P A Holden





REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 08149700 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Brimas Construction Limited (Registered number: 08149700)

Abridged Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 349,037 224,956

CURRENT ASSETS
Stocks 5,619 3,000
Debtors 153,639 286,151
Cash at bank and in hand 202,223 899,843
361,481 1,188,994
CREDITORS
Amounts falling due within one year 609,094 1,130,545
NET CURRENT (LIABILITIES)/ASSETS (247,613 ) 58,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,424

283,405

CREDITORS
Amounts falling due after more than one
year

5

(60,700

)

(57,770

)

PROVISIONS FOR LIABILITIES (3,843 ) (5,862 )
NET ASSETS 36,881 219,773

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 36,877 219,769
36,881 219,773

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Brimas Construction Limited (Registered number: 08149700)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2024 and were signed on its behalf by:




Mrs M Adams - Director



Mr P A Holden - Director


Brimas Construction Limited (Registered number: 08149700)

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

1. STATUTORY INFORMATION

Brimas 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Brimas Construction Limited (Registered number: 08149700)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 309,937
Additions 134,000
At 31 August 2023 443,937
DEPRECIATION
At 1 September 2022 84,981
Charge for year 9,919
At 31 August 2023 94,900
NET BOOK VALUE
At 31 August 2023 349,037
At 31 August 2022 224,956

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 25,965 29,186

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 67,143 38,898

The bank loan is secured by a fixed and floating charge over the building and its associated assets.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr A P Adams
Balance outstanding at start of year 109,780 88,658
Amounts advanced 91,889 111,322
Amounts repaid (143,195 ) (90,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,474 109,780

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.