Registered number
07959542
Le Breton Engineering Limited
Filleted Accounts
29 February 2024
Le Breton Engineering Limited
Registered number: 07959542
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 64,372 64,881
Current assets
Stocks 54,800 76,000
Debtors 4 41,501 36,791
Cash at bank and in hand 8,649 19,391
104,950 132,182
Creditors: amounts falling due within one year 5 (102,765) (115,491)
Net current assets 2,185 16,691
Total assets less current liabilities 66,557 81,572
Creditors: amounts falling due after more than one year 6 (31,973) (37,854)
Net assets 34,584 43,718
Capital and reserves
Called up share capital 3 3
Profit and loss account 34,581 43,715
Shareholders' funds 34,584 43,718
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S P Le Breton
Director
Approved by the board on 25 November 2024
Le Breton Engineering Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is show net of sales/value added tax, returns, rebates and discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on a reducing balance basis
Fixtures and fittings 10% on a reducing balance basis
Office equipment 10% on a reducing balance basis
Motor vehicles 10% on a reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 83,005 32,695 115,700
Additions 397 6,246 6,643
At 29 February 2024 83,402 38,941 122,343
Depreciation
At 1 March 2023 38,536 12,283 50,819
Charge for the year 4,486 2,666 7,152
At 29 February 2024 43,022 14,949 57,971
Net book value
At 29 February 2024 40,380 23,992 64,372
At 28 February 2023 44,469 20,412 64,881
4 Debtors 2024 2023
£ £
Trade debtors 38,743 32,017
Other debtors 2,758 4,774
41,501 36,791
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,038 15,263
Trade creditors 12,189 36,421
Taxation and social security costs 20,786 14,985
Other creditors 60,752 48,822
102,765 115,491
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,549 34,843
Other creditors 7,424 3,011
31,973 37,854
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr S P Le Breton
[Loan 1] (23,742) 3,465 (9,500) (29,777)
Mrs A J Le Breton
[Loan 1] (23,741) 3,465 (9,500) (29,776)
(47,483) 6,930 (19,000) (59,553)
8 Other information
Le Breton Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Moorfield Avenue
Clarbeston Road
Haverfordwest
Pembrokeshire
SA63 4UU
The principal place of business is:
Unit G, North Estate
Withybush Business Park
Haverfordwest
Pembrokeshire
SA62 4BS
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