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Registered number: 06941166
Brother Engineering Ltd
Financial Statements
For The Year Ended 29 June 2024
Cursio & Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06941166
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 585,848 649,771
585,848 649,771
CURRENT ASSETS
Stocks 5 30,000 20,000
Debtors 6 803,250 609,796
Cash at bank and in hand 1,019,424 802,936
1,852,674 1,432,732
Creditors: Amounts Falling Due Within One Year 7 (151,484 ) (90,593 )
NET CURRENT ASSETS (LIABILITIES) 1,701,190 1,342,139
TOTAL ASSETS LESS CURRENT LIABILITIES 2,287,038 1,991,910
Creditors: Amounts Falling Due After More Than One Year 8 (35,888 ) (48,938 )
NET ASSETS 2,251,150 1,942,972
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 2,250,150 1,941,972
SHAREHOLDERS' FUNDS 2,251,150 1,942,972
Page 1
Page 2
For the year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J B Thomas
Director
28 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brother Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06941166 . The registered office is Alloy House Tawe Terrace, Pontardawe, Swansea, SA8 4HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Leasehold 25% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 5)
9 5
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 30 June 2023 362,275 1,030,124 49,576 4,929
Additions - 9,372 - -
As at 29 June 2024 362,275 1,039,496 49,576 4,929
Depreciation
As at 30 June 2023 - 762,168 34,162 4,447
Provided during the period - 68,411 3,853 120
As at 29 June 2024 - 830,579 38,015 4,567
Net Book Value
As at 29 June 2024 362,275 208,917 11,561 362
As at 30 June 2023 362,275 267,956 15,414 482
Computer Equipment Total
£ £
Cost
As at 30 June 2023 25,004 1,471,908
Additions - 9,372
As at 29 June 2024 25,004 1,481,280
Depreciation
As at 30 June 2023 21,360 822,137
Provided during the period 911 73,295
As at 29 June 2024 22,271 895,432
Net Book Value
As at 29 June 2024 2,733 585,848
As at 30 June 2023 3,644 649,771
5. Stocks
2024 2023
£ £
Stock 30,000 20,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 317,270 131,042
Other debtors 3,754 3,754
Blu Thomas Medical Ltd 475,000 475,000
Employee loan 1,750 -
Director's loan account 5,476 -
803,250 609,796
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 92,859 34,520
Bank loans and overdrafts 3,719 7,736
Other taxes and social security 3,444 3,427
VAT 32,204 27,626
Net wages 3,979 2,688
Other creditors 12,735 12,735
Pension creditor 1,104 -
Accruals and deferred income 1,440 1,440
Director's loan account - 421
151,484 90,593
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,888 48,938
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 35,888 48,938
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 June 2023 Amounts advanced Amounts repaid Amounts written off As at 29 June 2024
£ £ £ £ £
Mr Jason Thomas - 5,475 - - -
The above loan is unsecured, interest free and repayable on demand.
Page 6