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REGISTERED NUMBER: SC218053 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Brannock Decorators LTD.

Brannock Decorators LTD. (Registered number: SC218053)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brannock Decorators LTD.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J F Burns
W Parker





SECRETARY: Mrs M Downie





REGISTERED OFFICE: 24 Main Street
Cleland
Motherwell
Lanarkshire
ML1 5QN





REGISTERED NUMBER: SC218053 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Brannock Decorators LTD. (Registered number: SC218053)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 275,814 149,106

CURRENT ASSETS
Debtors 5 237,252 96,193
Cash at bank and in hand 398,849 320,635
636,101 416,828
CREDITORS
Amounts falling due within one year 6 553,584 384,630
NET CURRENT ASSETS 82,517 32,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,331

181,304

CREDITORS
Amounts falling due after more than one year 7 6,250 31,250
NET ASSETS 352,081 150,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 351,981 149,954
SHAREHOLDERS' FUNDS 352,081 150,054

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 18 October 2024 and were signed on its behalf by:




J F Burns - Director


Brannock Decorators LTD. (Registered number: SC218053)

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

1. STATUTORY INFORMATION

Brannock Decorators 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 30 (2023 - 24 ) .

Brannock Decorators LTD. (Registered number: SC218053)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 800 15,537 251,944 17,045 285,326
Additions - - 205,983 1,465 207,448
Disposals - - (35,995 ) - (35,995 )
At 31 March 2024 800 15,537 421,932 18,510 456,779
DEPRECIATION
At 1 April 2023 715 13,521 106,109 15,875 136,220
Charge for year 21 504 63,863 323 64,711
Eliminated on disposal - - (19,966 ) - (19,966 )
At 31 March 2024 736 14,025 150,006 16,198 180,965
NET BOOK VALUE
At 31 March 2024 64 1,512 271,926 2,312 275,814
At 31 March 2023 85 2,016 145,835 1,170 149,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 208,894 84,073
Other debtors 68 138
VAT 24,957 7,698
Prepayments and accrued income 3,333 4,284
237,252 96,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 58,803 58,878
Other loans 25,000 25,000
Trade creditors 131,807 79,796
Tax 65,227 32,597
Social security and other taxes 24,553 21,664
Other creditors 3,598 6,730
Net wage control account 11,372 7,555
Pension fund 2,680 1,686
Directors' current accounts 74,456 22,123
Accrued expenses 156,088 128,601
553,584 384,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans - 2-5 years 6,250 31,250