IRIS Accounts Production v25.1.3.33 05870085 director 31.8.24 1.9.23 31.8.24 31.8.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. the manufacture and sale of double glazed units to the UK glass window and conservatory industry. true true true false true true false false false false false true false Preference 0 A Ordinary 0 B Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058700852023-08-31058700852024-08-31058700852023-09-012024-08-31058700852022-08-31058700852022-09-012023-08-31058700852023-08-3105870085ns15:EnglandWales2023-09-012024-08-3105870085ns14:PoundSterling2023-09-012024-08-3105870085ns10:Director12023-09-012024-08-3105870085ns10:Consolidated2024-08-3105870085ns10:ConsolidatedGroupCompanyAccounts2023-09-012024-08-3105870085ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3105870085ns10:Consolidatedns10:MediumEntities2023-09-012024-08-3105870085ns10:Consolidatedns10:Audited2023-09-012024-08-3105870085ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-09-012024-08-3105870085ns10:Medium-sizedCompaniesRegimeForAccounts2023-09-012024-08-3105870085ns10:Consolidated2023-09-012024-08-3105870085ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-09-012024-08-3105870085ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-09-012024-08-3105870085ns10:FullAccounts2023-09-012024-08-3105870085ns5:Subsidiary12023-09-012024-08-3105870085ns5:Subsidiary22023-09-012024-08-310587008512023-09-012024-08-3105870085ns10:PreferenceShareClass32023-09-012024-08-3105870085ns10:OrdinaryShareClass12023-09-012024-08-3105870085ns10:OrdinaryShareClass22023-09-012024-08-3105870085ns10:RegisteredOffice2023-09-012024-08-3105870085ns10:Consolidated2022-09-012023-08-3105870085ns5:CurrentFinancialInstruments2024-08-3105870085ns5:CurrentFinancialInstruments2023-08-3105870085ns5:Non-currentFinancialInstruments2024-08-3105870085ns5:Non-currentFinancialInstruments2023-08-3105870085ns5:ShareCapital2024-08-3105870085ns5:ShareCapital2023-08-3105870085ns5:RetainedEarningsAccumulatedLosses2024-08-3105870085ns5:RetainedEarningsAccumulatedLosses2023-08-3105870085ns5:ShareCapital2022-08-3105870085ns5:RetainedEarningsAccumulatedLosses2022-08-3105870085ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-3105870085ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-310587008512023-09-012024-08-3105870085ns5:NetGoodwill2023-09-012024-08-3105870085ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-09-012024-08-3105870085ns5:PlantMachinery2023-09-012024-08-3105870085ns5:MotorVehicles2023-09-012024-08-3105870085ns5:CostValuation2023-08-31058700851ns5:Subsidiary12023-09-012024-08-3105870085ns5:Subsidiary232023-09-012024-08-3105870085ns5:Subsidiary242023-09-012024-08-3105870085ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3105870085ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3105870085ns10:PreferenceShareClass32024-08-3105870085ns10:OrdinaryShareClass12024-08-3105870085ns10:OrdinaryShareClass22024-08-3105870085ns5:RetainedEarningsAccumulatedLosses2023-08-31
REGISTERED NUMBER: 05870085 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRABCO 620 LIMITED
TRADING AS
CUSTOM GLASS GROUP

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


BRABCO 620 LIMITED
TRADING AS CUSTOM GLASS GROUP

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J R Hooson





REGISTERED OFFICE: Custom Complex
Yardley Road
Kirkby
Liverpool
Merseyside
L33 7SS





REGISTERED NUMBER: 05870085 (England and Wales)





AUDITORS: Monetta LLP
110-114 Duke Street
Liverpool
Merseyside
L1 5AG

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024


The director presents his strategic report of the company and the group for the year ended 31 August 2024.

REVIEW OF BUSINESS AND FINANCIAL KEY PERFORMANCE INDICATORS
The principal activity remained the management of the group's activities in the manufacture and sale of double glazed units to the UK glass window and conservatory industry. The director is not aware, at the date of this report, of any likely major changes in the group's activities in the next year.

The economic and trading conditions encountered by the group remain challenging.

In the light of these, the director considers the results for the period and the financial position at the year end to be satisfactory.

The group recognises the importance of its environmental responsibilities, monitors its impact on the environment and designs and implements policies to reduce any damage that might be caused by its activities. The group operates in accordance with policies and initiatives designed to minimise its impact on the environment and these include safe disposal of manufacturing waste, recycling and reducing energy consumption.

Given the uncomplicated nature of the business operations the director considers turnover, profit and net assets to be the Key Performance Indicators. Full details of these numbers are clearly set out in the financial statements and enable an assessment of the development, performance and position of the group and company to be made.

PRINCIPAL RISKS AND UNCERTAINTIES
Competitive pressure in the UK is a continuing risk for the group which could result in it losing sales to its key competitors. The group manages this risk by providing added value services to its customers, having fast response times not only in supplying products but in handling all customer queries, and by maintaining strong relationships with customers.

The group imports a small proportion of its components and these purchases are made in Euros and it is therefore exposed to the movement in the Euro to Pound exchange rate.

The director confirms that in accordance with the Companies Act 2006, he has considered and reviewed the provisions relating to the financial risk management and policies of the group. As a result of the review, the director has concluded that the group will be able to continue funding its activities through its retained profits and cash flows from ongoing activities.

ON BEHALF OF THE BOARD:





J R Hooson - Director


20 May 2025

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 AUGUST 2024


The director presents his report with the financial statements of the company and the group for the year ended 31 August 2024.

DIVIDENDS
Interim dividends per share on the A Ordinary £1 shares were paid as follows:
446.20 - 4 September 2023
446.20 - 3 October 2023
446.20 - 2 November 2023
446.20 - 4 December 2023
446.20 - 3 January 2024
446.20 - 2 February 2024
446.20 - 5 March 2024
446.20 - 3 April 2024
446.20 - 2 May 2024
446.20 - 4 June 2024
446.20 - 2 July 2024
446.20 - 2 August 2024
5354.40

The director recommends that no final dividend be paid on these shares.

No interim dividend was paid on the B Ordinary £1 shares. The director recommends that no final dividend be paid on these shares.

No interim dividend was paid on the Preference £1 shares. The director recommends that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 August 2024 will be £ 133,860 .

RESEARCH AND DEVELOPMENT
The group continues to invest in research, development and innovation. This has resulted in a number of updates to existing products. The director regards R&D investment as necessary for continuing success in the medium to long term future.

FUTURE DEVELOPMENTS
The director anticipates continued growth in the business and profits as the group seeks to build upon its investments in technology and quality control.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR
J R Hooson held office during the whole of the period from 1 September 2023 to the date of this report.


BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 AUGUST 2024

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





J R Hooson - Director


20 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRABCO 620 LIMITED


Opinion
We have audited the financial statements of Brabco 620 Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 August 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRABCO 620 LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRABCO 620 LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

We identified the laws and regulations applicable to the group and company through discussions with the director and other management, and from our commercial knowledge and experience of the sectors in which the group and company operates.

We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group and company, including relevant legislation such as the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting relevant correspondence and, identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the group and company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and, considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and, assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to agreeing financial statement disclosures to underlying supporting documentation, reading the minutes of meetings of those charged with governance, enquiring of management as to actual and potential litigation and claims and, reviewing correspondence with relevant authorities.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRABCO 620 LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Keith Miller FCA (Senior Statutory Auditor)
for and on behalf of Monetta LLP
110-114 Duke Street
Liverpool
Merseyside
L1 5AG

21 May 2025

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER 14,708,975 15,436,681

Cost of sales 8,891,673 9,670,020
GROSS PROFIT 5,817,302 5,766,661

Administrative expenses 3,195,169 2,547,088
2,622,133 3,219,573

Other operating income 3 12,200 16,720
OPERATING PROFIT 5 2,634,333 3,236,293

Interest receivable and similar income 246,300 59,166
2,880,633 3,295,459

Interest payable and similar expenses 6 12,159 17,815
PROFIT BEFORE TAXATION 2,868,474 3,277,644

Tax on profit 7 928,574 661,795
PROFIT FOR THE FINANCIAL YEAR 1,939,900 2,615,849

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

1,939,900

2,615,849

Profit attributable to:
Owners of the parent 1,939,900 2,615,849

Total comprehensive income attributable to:
Owners of the parent 1,939,900 2,615,849

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

CONSOLIDATED BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 11 - 767,493
Tangible assets 12 2,745,692 2,951,556
Investments 13 - -
2,745,692 3,719,049

CURRENT ASSETS
Stocks 14 412,145 549,601
Debtors 15 3,841,144 3,237,758
Cash and cash equivalents 8,424,398 6,033,878
12,677,687 9,821,237
CREDITORS
Amounts falling due within one year 16 2,404,634 2,084,445
NET CURRENT ASSETS 10,273,053 7,736,792
TOTAL ASSETS LESS CURRENT LIABILITIES 13,018,745 11,455,841

CREDITORS
Amounts falling due after more than one year 17 (753,621 ) (964,484 )

PROVISIONS FOR LIABILITIES 21 (302,772 ) (335,045 )
NET ASSETS 11,962,352 10,156,312

CAPITAL AND RESERVES
Called up share capital 22 100 100
Retained earnings 23 11,962,252 10,156,212
SHAREHOLDERS' FUNDS 11,962,352 10,156,312

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





J R Hooson - Director


BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

COMPANY BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 - -
Investments 13 3,356,785 3,356,785
3,356,785 3,356,785

CURRENT ASSETS
Debtors 15 4,352,954 3,718,954
Cash and cash equivalents 157 205
4,353,111 3,719,159
CREDITORS
Amounts falling due within one year 16 7,157,961 6,524,101
NET CURRENT LIABILITIES (2,804,850 ) (2,804,942 )
TOTAL ASSETS LESS CURRENT LIABILITIES 551,935 551,843

CREDITORS
Amounts falling due after more than one year 17 550,000 550,000
NET ASSETS 1,935 1,843

CAPITAL AND RESERVES
Called up share capital 22 100 100
Retained earnings 23 1,835 1,743
SHAREHOLDERS' FUNDS 1,935 1,843

Company's profit for the financial year 133,952 1,134,000

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





J R Hooson - Director


BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2022 100 8,674,223 8,674,323

Changes in equity
Dividends - (1,133,860 ) (1,133,860 )
Total comprehensive income - 2,615,849 2,615,849
Balance at 31 August 2023 100 10,156,212 10,156,312

Changes in equity
Dividends - (133,860 ) (133,860 )
Total comprehensive income - 1,939,900 1,939,900
Balance at 31 August 2024 100 11,962,252 11,962,352

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2022 100 1,603 1,703

Changes in equity
Dividends - (1,133,860 ) (1,133,860 )
Total comprehensive income - 1,134,000 1,134,000
Balance at 31 August 2023 100 1,743 1,843

Changes in equity
Dividends - (133,860 ) (133,860 )
Total comprehensive income - 133,952 133,952
Balance at 31 August 2024 100 1,835 1,935

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,794,534 3,548,976
Interest paid 2 -
Interest element of hire purchase payments paid (12,161 ) (17,815 )
Tax paid (890,673 ) (1,006,972 )
Tax refunded - 91,405
Net cash from operating activities 2,891,702 2,615,594

Cash flows from investing activities
Purchase of tangible fixed assets (420,013 ) (184,362 )
Sale of tangible fixed assets 10,000 -
Interest received 246,300 59,166
Net cash from investing activities (163,713 ) (125,196 )

Cash flows from financing activities
Capital repayments in year (203,609 ) (237,417 )
Equity dividends paid (133,860 ) (1,133,860 )
Net cash from financing activities (337,469 ) (1,371,277 )

Increase in cash and cash equivalents 2,390,520 1,119,121
Cash and cash equivalents at beginning of
year

2

6,033,878

4,914,757

Cash and cash equivalents at end of year 2 8,424,398 6,033,878

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.8.24 31.8.23
£    £   
Profit before taxation 2,868,474 3,277,644
Depreciation charges 685,649 722,695
Impairment of goodwill 697,721 -
Finance costs 12,159 17,815
Finance income (246,300 ) (59,166 )
4,017,703 3,958,988
Decrease/(increase) in stocks 137,456 (56,214 )
Increase in trade and other debtors (603,386 ) (391,199 )
Increase in trade and other creditors 242,761 37,401
Cash generated from operations 3,794,534 3,548,976

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2024
31.8.24 1.9.23
£    £   
Cash and cash equivalents 8,424,398 6,033,878
Year ended 31 August 2023
31.8.23 1.9.22
£    £   
Cash and cash equivalents 6,033,878 4,914,757


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23 Cash flow At 31.8.24
£    £    £   
Net cash
Cash and cash equivalents 6,033,878 2,390,520 8,424,398
6,033,878 2,390,520 8,424,398
Debt
Finance leases (564,852 ) 203,609 (361,243 )
Debts falling due after 1 year (550,000 ) - (550,000 )
(1,114,852 ) 203,609 (911,243 )
Total 4,919,026 2,594,129 7,513,155

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Brabco 620 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and entities that continue to be controlled by the Group (its subsidiaries). Control exists where the Group has the power to govern the financial and operating policies of the entity, generally conferred by holding a majority of voting rights. On acquisition of a subsidiary, its identifiable assets, liabilities and contingent liabilities are included in the consolidated accounts at their fair value. Any excess of the cost (the fair value of assets given, liabilities incurred or assumed and equity instruments issued by the Group plus any directly attributable costs) of an acquisition over the fair value of the net assets acquired is recognised as goodwill. This is initially recognised at cost and subsequently at cost less any accumulated amortisation or impairment losses.

The results of subsidiaries acquired are included in the Consolidated Statement of Comprehensive Income from the date control passes up until the Group ceases to control them through a sale or significant change in circumstances.

All intra-group balances, transactions, income and expenses are eliminated on consolidation. The consolidated accounts are prepared using uniform accounting policies.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the group's and company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

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.
Freehold property - 2% on cost
Plant and equipment - 20% on cost
Motor vehicles - 20% on cost

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and credited to the Income Statement in equal instalments over the anticipated useful lives of the assets to which the grants relate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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.

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 group operates defined contribution pension schemes. Contributions payable to the group's pension schemes are charged to the Statement of Comprehensive Income in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Fixed asset investments
Shares in group undertakings are stated at cost less impairment -see note 12.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. OTHER OPERATING INCOME
31.8.24 31.8.23
£    £   
Rents receivable 10,240 10,240
Government grants release 1,960 6,480
12,200 16,720

4. EMPLOYEES AND DIRECTORS
31.8.24 31.8.23
£    £   
Wages and salaries 3,584,952 3,360,871
Social security costs 325,139 285,660
Other pension costs 106,285 103,633
4,016,376 3,750,164

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.8.24 31.8.23

Directors 2 1
Manufacturing and distribution 124 131
126 132

The average number of employees by undertakings that were proportionately consolidated during the year was 126 (2023 - 132 ) .

31.8.24 31.8.23
£    £   
Director's remuneration 94,227 33,873
Director's pension contributions to money purchase schemes 41,753 41,093

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 1

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.8.24 31.8.23
£    £   
Other operating leases 22,694 16,166
Operating lease income (10,240 ) (10,240 )
Depreciation - owned assets 330,379 367,425
Depreciation - assets on hire purchase contracts 285,498 285,498
Goodwill amortisation 69,772 69,772
Auditing of financial statements 14,000 14,000
Other non- audit services 16,850 29,455
Impairment of goodwill 697,721 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.8.24 31.8.23
£    £   
Bank loan interest (2 ) -
Hire purchase charges 12,161 17,815
12,159 17,815

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.8.24 31.8.23
£    £   
Current tax:
UK corporation tax 960,847 760,507

Deferred tax (32,273 ) (98,712 )
Tax on profit 928,574 661,795

UK corporation tax has been charged at 25 % (2023 - 21.52 %).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.8.24 31.8.23
£    £   
Profit before tax 2,868,474 3,277,644
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 -
21.520 %)

717,119

705,349

Effects of:
Expenses not deductible for tax purposes 211,945 64,660
Income not taxable for tax purposes (490 ) (1,395 )
Adjustments to tax charge in respect of previous periods - (46 )
Research & Development enhanced deductions - (91,547 )
Enhanced capital allowance deductions - (1,318 )
Effect of change in rate of tax used for deferred tax provisions - (13,908 )
Total tax charge 928,574 661,795

8. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
31.8.24 31.8.23
£    £   
A Ordinary shares of £1 each
Interim 133,860 133,860
B Ordinary shares of £1 each
Interim - 1,000,000
133,860 1,133,860

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


10. EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

11. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 1,395,441
AMORTISATION
At 1 September 2023 627,948
Amortisation for year 69,772
Impairments 697,721
At 31 August 2024 1,395,441
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 767,493

12. TANGIBLE FIXED ASSETS

Group
Freehold Plant and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 2,049,704 5,972,556 842,037 8,864,297
Additions - 93,528 326,485 420,013
Disposals - - (157,160 ) (157,160 )
At 31 August 2024 2,049,704 6,066,084 1,011,362 9,127,150
DEPRECIATION
At 1 September 2023 664,058 4,704,035 544,648 5,912,741
Charge for year 40,992 438,273 136,612 615,877
Eliminated on disposal - - (147,160 ) (147,160 )
At 31 August 2024 705,050 5,142,308 534,100 6,381,458
NET BOOK VALUE
At 31 August 2024 1,344,654 923,776 477,262 2,745,692
At 31 August 2023 1,385,646 1,268,521 297,389 2,951,556

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


12. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,072,321 355,176 1,427,497
DEPRECIATION
At 1 September 2023 471,450 177,585 649,035
Charge for year 214,464 71,034 285,498
At 31 August 2024 685,914 248,619 934,533
NET BOOK VALUE
At 31 August 2024 386,407 106,557 492,964
At 31 August 2023 600,871 177,591 778,462

13. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 3,356,785
NET BOOK VALUE
At 31 August 2024 3,356,785
At 31 August 2023 3,356,785

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Custom Glass Group Holdings Limited
Registered office: Custom Complex, Yardley Road, Kirkby, Liverpool L33 7SS
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 100.00

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


13. FIXED ASSET INVESTMENTS - continued

Custom Glass Limited
Registered office: Custom Complex, Yardley Road, Kirkby, Liverpool L33 7SS
Nature of business: Manufacture and sale of double glazed units
%
Class of shares: holding
Ordinary - held by company 49.25
Ordinary - held by subsidiary 50.75


Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

14. STOCKS

Group
31.8.24 31.8.23
£    £   
Raw materials 371,482 504,821
Finished goods 40,663 44,780
412,145 549,601

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Trade debtors 3,126,425 3,080,905 - -
Amounts owed by group undertakings - - 3,852,954 3,718,954
Other debtors 500,100 100 500,000 -
Prepayments and accrued income 214,619 156,753 - -
3,841,144 3,237,758 4,352,954 3,718,954

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Hire purchase contracts (see note 19) 208,904 203,610 - -
Trade creditors 891,593 720,044 - -
Amounts owed to group undertakings - - 7,157,961 6,524,101
Tax 552,086 481,912 - -
Social security and other taxes 572,804 473,769 - -
Other creditors 6,833 3,868 - -
Accruals and deferred income 170,454 199,282 - -
Deferred government grants 1,960 1,960 - -
2,404,634 2,084,445 7,157,961 6,524,101

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Preference shares (see note 18) 550,000 550,000 550,000 550,000
Hire purchase contracts (see note 19) 152,339 361,242 - -
Deferred government grants 51,282 53,242 - -
753,621 964,484 550,000 550,000

18. LOANS

An analysis of the maturity of loans is given below:

Group Company
31.8.24 31.8.23 31.8.24 31.8.23
£    £    £    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Preference shares 550,000 550,000 550,000 550,000

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
550,000 Preference £1 550,000 550,000

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 208,904 203,610
Between one and five years 152,339 361,242
361,243 564,852

Group
Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 8,688 16,890
Between one and five years 8,688 32,413
17,376 49,303

20. SECURED DEBTS

The following secured debts are included within creditors:

Group
31.8.24 31.8.23
£    £   
Hire purchase contracts 361,243 564,852

Hire purchase contracts are secured on the assets financed.

21. PROVISIONS FOR LIABILITIES

Group
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 302,772 335,045

Group
Deferred
tax
£   
Balance at 1 September 2023 335,045
Credit to Statement of Comprehensive Income during year (32,273 )
Balance at 31 August 2024 302,772

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

Each class of shares have the same rights pari passu except for dividend payments.

23. RESERVES

Group
Retained
earnings
£   

At 1 September 2023 10,156,212
Profit for the year 1,939,900
Dividends (133,860 )
At 31 August 2024 11,962,252

Company
Retained
earnings
£   

At 1 September 2023 1,743
Profit for the year 133,952
Dividends (133,860 )
At 31 August 2024 1,835


24. RELATED PARTY DISCLOSURES

During the year, total dividends of £133,860 (2023 - £633,860) were paid to the director .

Other related parties
31.8.24 31.8.23
£    £   
Amount due from related party 500,000 -

The interest free loan to one of the shareholders has since been repaid.

During the year, a total of key management personnel compensation of £ 94,227 was paid.

BRABCO 620 LIMITED (REGISTERED NUMBER: 05870085)
TRADING AS CUSTOM GLASS GROUP

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


25. POST BALANCE SHEET EVENTS

In March 2025 the shareholders of the Ultimate Parent Company entered into an agreement to sell their shares to an Employee Ownership Trust (EOT). At that time the company paid a dividend of £9,958,000.

26. ULTIMATE CONTROLLING PARTY

The group was controlled throughout the period by J R Hooson (who is a director) and P J Finnegan. See post balance sheet event note re change in ownership.

27. FINANCIAL INSTRUMENTS

Group Company
2024 2023 2024 2023
Carrying amount of Financial Assets
Debt instruments measured at amortised cost 3,626,525 3,081,005 4,352,954 3,718,954


Equity instruments measured at cost - - 3,356,785 3,356,785

Carrying amount of Financial Liabilities
Measured at amortised cost 2,033,364 2,093,248 7,707,961 7,074,101