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REGISTERED NUMBER: SC332317 (Scotland)















Brian Brass Limited

Financial Statements For The Year Ended 30 June 2024






Brian Brass Limited (Registered number: SC332317)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brian Brass Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: B M Brass
Mrs K M Brass



SECRETARY: Mrs K M Brass



REGISTERED OFFICE: Kardale
Sandwick
Orkney
KW16 3HY



REGISTERED NUMBER: SC332317 (Scotland)



ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Castle Street
Kirkwall
Orkney
KW15 1HD



BANKERS: The Royal Bank of Scotland
1 Victoria Street
Kirkwall
Orkney
KW15 1DP

Brian Brass Limited (Registered number: SC332317)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,220 26,926
26,220 26,926

CURRENT ASSETS
Stocks 3,250 3,250
Debtors 6 358,827 361,714
Cash at bank 14,230 8,154
376,307 373,118
CREDITORS
Amounts falling due within one year 7 263,354 268,172
NET CURRENT ASSETS 112,953 104,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,173

131,872

PROVISIONS FOR LIABILITIES 4,950 4,950
NET ASSETS 134,223 126,922

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 134,221 126,920
SHAREHOLDERS' FUNDS 134,223 126,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Brian Brass Limited (Registered number: SC332317)

Balance Sheet - continued
30 June 2024


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 7 March 2025 and were signed on its behalf by:





B M Brass - Director


Brian Brass Limited (Registered number: SC332317)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Brian Brass Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales for building contracting goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

Brian Brass Limited (Registered number: SC332317)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 65,000
AMORTISATION
At 1 July 2023
and 30 June 2024 65,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 141,683 28,596 607 170,886
Additions 219 6,205 - 6,424
At 30 June 2024 141,902 34,801 607 177,310
DEPRECIATION
At 1 July 2023 123,680 19,710 570 143,960
Charge for year 4,513 2,608 9 7,130
At 30 June 2024 128,193 22,318 579 151,090
NET BOOK VALUE
At 30 June 2024 13,709 12,483 28 26,220
At 30 June 2023 18,003 8,886 37 26,926

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 84,621 98,383
Uncompleted contracts 272,968 261,479
Other debtors - 583
Prepayments 1,238 1,269
358,827 361,714

Brian Brass Limited (Registered number: SC332317)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 4,670 7,737
Tax 1,715 108
Social security and other taxes 1,255 1,324
VAT 15,762 19,450
Sundry creditors 5,191 4,260
Directors' current accounts 234,761 235,293
263,354 268,172

8. SECURED DEBTS

A bond and floating charge has been granted to The Royal Bank of Scotland in connection with the company's bank overdraft

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan from the directors is unsecured, interest free and repayable upon demand.

10. RELATED PARTY DISCLOSURES

Remuneration for qualifying services paid to director's was £12,570 (2023: £25,140)

During the year, sales for goods and services to the value of £30,000 were invoiced at arms length to the directors, Brian and Karen Brass.

11. ULTIMATE CONTROLLING PARTY

Brian & Karen Brass were the ultimate controlling parties of the Company in the year, holding 100% of the issued share capital equally between them.