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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
Page
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BRENNAN STEEL FABRICATION LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
Sam Brennan
Company Number
13208166 (England and Wales)
Registered Office
MORTON HOUSE FENCEHOUSES HOUGHTON LE SPRING DH4 6QA ENGLAND
Accountants
GHB MORTON HOUSE DURHAM DH4 6QA
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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
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BRENNAN STEEL FABRICATION LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,567 
4,567 
Current assets
Debtors
- 
8,500 
Investments
- 
241 
Cash at bank and in hand
1,453 
6,291 
1,453 
15,032 
Creditors: amounts falling due within one year
(2,708)
(1,508)
Net current (liabilities)/assets
(1,255)
13,524 
Net assets
3,312 
18,091 
Capital and reserves
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
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BRENNAN STEEL FABRICATION LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
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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 
Depreciation
At 28 February 2024
- 
- 
- 
Net book value
At 28 February 2024
1,800 
2,767 
4,567 
At 28 February 2023
1,800 
2,767 
4,567 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
8,500 
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 
Accruals
2,400 
1,200 
2,708 
1,508 
8
Loans to directors
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).
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