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REGISTERED NUMBER: 01928051 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

B & R INSTALLATIONS LIMITED

B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


B & R INSTALLATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: R S Mace





SECRETARY: Mrs J Mace





REGISTERED OFFICE: Unit 2
Crowhurst Barn
Crowhurst Lane
West Kingsdown
Kent
TN15 6JE





REGISTERED NUMBER: 01928051 (England and Wales)





ACCOUNTANTS: Mountsides Limited
Chartered Accountants
2 Mountside
Stanmore
Middlesex
HA7 2DT

B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 749,379 504,306

CURRENT ASSETS
Stocks 10,000 40,000
Debtors 1,314,235 1,626,483
Cash at bank and in hand 53,214 238,408
1,377,449 1,904,891
CREDITORS
Amounts falling due within one year (1,311,672 ) (1,739,385 )
NET CURRENT ASSETS 65,777 165,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,156

669,812

CREDITORS
Amounts falling due after more than one
year

6

(321,017

)

(366,895

)

PROVISIONS FOR LIABILITIES (96,032 ) (41,088 )
NET ASSETS 398,107 261,829

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 398,007 261,729
SHAREHOLDERS' FUNDS 398,107 261,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2024 and were signed by:





R S Mace - Director


B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

B & R Installations Limited is a private company, limited by shares , registered in England and Wales. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue has also been recognised in respect of uncompleted contracts, with the amount earned at the balance sheet date being taken to turnover and trade debtors, and the associated costs, where not invoiced at that date, being accrued for.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over term of lease
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 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.


B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2023 884,659
Additions 1,760
Revaluations 261,336
At 31 July 2024 1,147,755
DEPRECIATION
At 1 August 2023 380,353
Charge for year 42,875
Revaluation adjustments (24,852 )
At 31 July 2024 398,376
NET BOOK VALUE
At 31 July 2024 749,379
At 31 July 2023 504,306

B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 July 2024 is represented by:

Totals
£   
Valuation in 2024 1,147,755

If long leasehold had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 363,664 363,664
Aggregate depreciation 24,852 17,579

Value of land in freehold land and buildings 338,812 346,085

The long leasehold property was valued on an open market value basis on 15 July 2024 by independent valuers .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 187,719
DEPRECIATION
At 1 August 2023 101,666
Charge for year 16,921
At 31 July 2024 118,587
NET BOOK VALUE
At 31 July 2024 69,132
At 31 July 2023 86,053

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 127,826 144,430

B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 21,400 21,400
Between one and five years 26,218 47,618
47,618 69,018

Finance charges repayable:
Within one year 3,781 3,781
Between one and five years 3,950 7,716
7,731 11,497

Net obligations repayable:
Within one year 17,619 17,619
Between one and five years 22,268 39,902
39,887 57,521

Non-cancellable operating leases
2024 2023
£    £   
Within one year 36,000 36,000
Between one and five years 108,000 144,000
In more than five years 6,000 6,000
150,000 186,000

B & R INSTALLATIONS LIMITED (REGISTERED NUMBER: 01928051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 304,493 368,029
Factoring finance 79,943 89,116
Hire purchase contracts 39,887 57,521
424,323 514,666

Bank loans and factoring finance are secured by a combination of fixed charges, floating charges over all the property or undertaking of the company and negative pledge.

Obligations under hire purchase contracts are secured on the respective assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100