Company Registration No. 13208166 (England and Wales)
BRENNAN STEEL FABRICATION LTD
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
BRENNAN STEEL FABRICATION LTD
Unaudited accounts
Contents
BRENNAN STEEL FABRICATION LTD
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
13208166 (England and Wales)
Registered Office
MORTON HOUSE
FENCEHOUSES
HOUGHTON LE SPRING
DH4 6QA
ENGLAND
Accountants
GHB
MORTON HOUSE
DURHAM
DH4 6QA
BRENNAN STEEL FABRICATION LTD
Accountants' report
Accountants' report to the director of BRENNAN STEEL FABRICATION LTD on the preparation of the unaudited statutory accounts for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BRENNAN STEEL FABRICATION LTD for the period from
1 March 2023 to
28 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BRENNAN STEEL FABRICATION LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of BRENNAN STEEL FABRICATION LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BRENNAN STEEL FABRICATION LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BRENNAN STEEL FABRICATION LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BRENNAN STEEL FABRICATION LTD. You consider that BRENNAN STEEL FABRICATION LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of BRENNAN STEEL FABRICATION LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
GHB
MORTON HOUSE
DURHAM
DH4 6QA
11 November 2024
BRENNAN STEEL FABRICATION LTD
Statement of financial position
as at 28 February 2024
Tangible assets
4,567
4,567
Cash at bank and in hand
1,453
6,291
Creditors: amounts falling due within one year
(2,708)
(1,508)
Net current (liabilities)/assets
(1,255)
13,524
Called up share capital
1
1
Profit and loss account
3,311
18,090
Shareholders' funds
3,312
18,091
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 December 2024 and were signed on its behalf by
Sam Brennan
Director
Company Registration No. 13208166
BRENNAN STEEL FABRICATION LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
BRENNAN STEEL FABRICATION LTD is a private company, limited by shares, registered in England and Wales, registration number 13208166. The registered office is MORTON HOUSE, FENCEHOUSES, HOUGHTON LE SPRING, DH4 6QA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BRENNAN STEEL FABRICATION LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,800
2,767
4,567
At 28 February 2024
1,800
2,767
4,567
At 28 February 2024
1,800
2,767
4,567
At 28 February 2023
1,800
2,767
4,567
Amounts falling due after more than one year
6
Investments held as current assets
2024
2023
Unlisted investments
-
241
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
308
308
During the year director's loan account became overdrawn due to private expenditure being paid on the director's behalf. The maximum amount outstanding during the year was £3452 (2023- £0). At the balance sheet date, the sum of £3452 (2023- £0) was due to the company. This loan is interest free and repayable on demand.
9
Average number of employees
During the period the average number of employees was 0 (2023: 1).