2023-08-012024-07-312024-07-31false05864865R. Brennand Engineering Limited2025-01-0941201falseiso4217:GBPxbrli:pure058648652023-08-01058648652024-07-31058648652023-08-012024-07-31058648652022-08-01058648652023-07-31058648652022-08-012023-07-3105864865bus:SmallEntities2023-08-012024-07-3105864865bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3105864865bus:FullAccounts2023-08-012024-07-3105864865bus:PrivateLimitedCompanyLtd2023-08-012024-07-3105864865core:WithinOneYear2024-07-3105864865core:AfterOneYear2024-07-3105864865core:WithinOneYear2023-07-3105864865core:AfterOneYear2023-07-3105864865core:ShareCapital2024-07-3105864865core:SharePremium2024-07-3105864865core:RevaluationReserve2024-07-3105864865core:OtherReservesSubtotal2024-07-3105864865core:RetainedEarningsAccumulatedLosses2024-07-3105864865core:ShareCapital2023-07-3105864865core:SharePremium2023-07-3105864865core:RevaluationReserve2023-07-3105864865core:OtherReservesSubtotal2023-07-3105864865core:RetainedEarningsAccumulatedLosses2023-07-3105864865core:LandBuildings2024-07-3105864865core:PlantMachinery2024-07-3105864865core:Vehicles2024-07-3105864865core:FurnitureFittings2024-07-3105864865core:OfficeEquipment2024-07-3105864865core:NetGoodwill2024-07-3105864865core:IntangibleAssetsOtherThanGoodwill2024-07-3105864865core:ListedExchangeTraded2024-07-3105864865core:UnlistedNon-exchangeTraded2024-07-3105864865core:LandBuildings2023-07-3105864865core:PlantMachinery2023-07-3105864865core:Vehicles2023-07-3105864865core:FurnitureFittings2023-07-3105864865core:OfficeEquipment2023-07-3105864865core:NetGoodwill2023-07-3105864865core:IntangibleAssetsOtherThanGoodwill2023-07-3105864865core:ListedExchangeTraded2023-07-3105864865core:UnlistedNon-exchangeTraded2023-07-3105864865core:LandBuildings2023-08-012024-07-3105864865core:PlantMachinery2023-08-012024-07-3105864865core:Vehicles2023-08-012024-07-3105864865core:FurnitureFittings2023-08-012024-07-3105864865core:OfficeEquipment2023-08-012024-07-3105864865core:NetGoodwill2023-08-012024-07-3105864865core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105864865core:ListedExchangeTraded2023-08-012024-07-3105864865core:UnlistedNon-exchangeTraded2023-08-012024-07-3105864865core:MoreThanFiveYears2023-08-012024-07-3105864865core:Non-currentFinancialInstruments2024-07-3105864865core:Non-currentFinancialInstruments2023-07-3105864865dpl:CostSales2023-08-012024-07-3105864865dpl:DistributionCosts2023-08-012024-07-3105864865core:LandBuildings2023-08-012024-07-3105864865core:PlantMachinery2023-08-012024-07-3105864865core:Vehicles2023-08-012024-07-3105864865core:FurnitureFittings2023-08-012024-07-3105864865core:OfficeEquipment2023-08-012024-07-3105864865dpl:AdministrativeExpenses2023-08-012024-07-3105864865core:NetGoodwill2023-08-012024-07-3105864865core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105864865dpl:GroupUndertakings2023-08-012024-07-3105864865dpl:ParticipatingInterests2023-08-012024-07-3105864865dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3105864865core:ListedExchangeTraded2023-08-012024-07-3105864865dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3105864865core:UnlistedNon-exchangeTraded2023-08-012024-07-3105864865dpl:CostSales2022-08-012023-07-3105864865dpl:DistributionCosts2022-08-012023-07-3105864865core:LandBuildings2022-08-012023-07-3105864865core:PlantMachinery2022-08-012023-07-3105864865core:Vehicles2022-08-012023-07-3105864865core:FurnitureFittings2022-08-012023-07-3105864865core:OfficeEquipment2022-08-012023-07-3105864865dpl:AdministrativeExpenses2022-08-012023-07-3105864865core:NetGoodwill2022-08-012023-07-3105864865core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3105864865dpl:GroupUndertakings2022-08-012023-07-3105864865dpl:ParticipatingInterests2022-08-012023-07-3105864865dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3105864865core:ListedExchangeTraded2022-08-012023-07-3105864865dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3105864865core:UnlistedNon-exchangeTraded2022-08-012023-07-3105864865core:NetGoodwill2024-07-3105864865core:IntangibleAssetsOtherThanGoodwill2024-07-3105864865core:LandBuildings2024-07-3105864865core:PlantMachinery2024-07-3105864865core:Vehicles2024-07-3105864865core:FurnitureFittings2024-07-3105864865core:OfficeEquipment2024-07-3105864865core:AfterOneYear2024-07-3105864865core:WithinOneYear2024-07-3105864865core:ListedExchangeTraded2024-07-3105864865core:UnlistedNon-exchangeTraded2024-07-3105864865core:ShareCapital2024-07-3105864865core:SharePremium2024-07-3105864865core:RevaluationReserve2024-07-3105864865core:OtherReservesSubtotal2024-07-3105864865core:RetainedEarningsAccumulatedLosses2024-07-3105864865core:NetGoodwill2023-07-3105864865core:IntangibleAssetsOtherThanGoodwill2023-07-3105864865core:LandBuildings2023-07-3105864865core:PlantMachinery2023-07-3105864865core:Vehicles2023-07-3105864865core:FurnitureFittings2023-07-3105864865core:OfficeEquipment2023-07-3105864865core:AfterOneYear2023-07-3105864865core:WithinOneYear2023-07-3105864865core:ListedExchangeTraded2023-07-3105864865core:UnlistedNon-exchangeTraded2023-07-3105864865core:ShareCapital2023-07-3105864865core:SharePremium2023-07-3105864865core:RevaluationReserve2023-07-3105864865core:OtherReservesSubtotal2023-07-3105864865core:RetainedEarningsAccumulatedLosses2023-07-3105864865core:NetGoodwill2022-08-0105864865core:IntangibleAssetsOtherThanGoodwill2022-08-0105864865core:LandBuildings2022-08-0105864865core:PlantMachinery2022-08-0105864865core:Vehicles2022-08-0105864865core:FurnitureFittings2022-08-0105864865core:OfficeEquipment2022-08-0105864865core:AfterOneYear2022-08-0105864865core:WithinOneYear2022-08-0105864865core:ListedExchangeTraded2022-08-0105864865core:UnlistedNon-exchangeTraded2022-08-0105864865core:ShareCapital2022-08-0105864865core:SharePremium2022-08-0105864865core:RevaluationReserve2022-08-0105864865core:OtherReservesSubtotal2022-08-0105864865core:RetainedEarningsAccumulatedLosses2022-08-0105864865core:AfterOneYear2023-08-012024-07-3105864865core:WithinOneYear2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:CostValuation2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3105864865core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3105864865core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3105864865core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3105864865core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3105864865core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3105864865bus:Director12023-08-012024-07-3105864865bus:Director22023-08-012024-07-31

R. Brennand Engineering Limited

Registered Number
05864865
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

R. Brennand Engineering Limited
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Julie Brennand
Roger Brennand

Company Secretary

Julie Brennand

Registered Address

7 Winters Park
Penrith
CA11 8RE

Registered Number

05864865 (England and Wales)
R. Brennand Engineering Limited
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets5461,959424,295
461,959424,295
Current assets
Debtors720,73624,056
Cash at bank and on hand23,31520,851
44,05144,907
Creditors amounts falling due within one year8(91,049)(30,330)
Net current assets (liabilities)(46,998)14,577
Total assets less current liabilities414,961438,872
Creditors amounts falling due after one year9(75,385)(84,287)
Provisions for liabilities10(21,192)(11,777)
Net assets318,384342,808
Capital and reserves
Called up share capital11
Profit and loss account318,383342,807
Shareholders' funds318,384342,808
The financial statements were approved and authorised for issue by the Board of Directors on 9 January 2025, and are signed on its behalf by:
Julie Brennand
Director
Roger Brennand
Director

Registered Company No. 05864865
R. Brennand Engineering Limited
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Turnover policy
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Intangible assets
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year34
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 2330,00030,000
At 31 July 2430,00030,000
Amortisation and impairment
At 01 August 2330,00030,000
At 31 July 2430,00030,000
Net book value
At 31 July 24--
At 31 July 23--
5.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 August 23377,19484,55670,636532,386
Additions-32549,99550,320
Disposals--(1,100)(1,100)
At 31 July 24377,19484,881119,531581,606
Depreciation and impairment
At 01 August 23-49,31858,773108,091
Charge for year-5,3497,07512,424
On disposals--(868)(868)
At 31 July 24-54,66764,980119,647
Net book value
At 31 July 24377,19430,21454,551461,959
At 31 July 23377,19435,23811,863424,295
6.Impairment of tangible fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables20,7369,446
Other debtors-14,610
Total20,73624,056
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables90254
Bank borrowings and overdrafts5,3286,480
Taxation and social security10,20921,596
Other creditors73,422-
Accrued liabilities and deferred income2,0002,000
Total91,04930,330
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.
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts75,38584,287
Total75,38584,287
10.Provisions for liabilities
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

2024

2023

££
Net deferred tax liability (asset)21,19211,777
Total21,19211,777
11.Further information regarding the company's financial position
Barclays Bank PLC hold a legal charge over the freehold property of the company. They also hold fixed and floating charges over the company, created in 2012.