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Registration number: 01880555

E. & M. Brennan Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

E. & M. Brennan Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

E. & M. Brennan Limited

Company Information

Directors

Mr Patrick Brennan

Mr Jonathan Brennan

Registered office

1 Cornwall Street
Higher Openshaw
Manchester
Lancashire
M11 2NR

Accountants

The Moffatts Partnership LLP Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

E. & M. Brennan Limited

(Registration number: 01880555)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

439,189

433,255

Current assets

 

Stocks

5

5,000

5,000

Debtors

6

1,498,931

700,198

Cash at bank and in hand

 

1,050,871

850,278

 

2,554,802

1,555,476

Creditors: Amounts falling due within one year

7

(768,642)

(431,759)

Net current assets

 

1,786,160

1,123,717

Total assets less current liabilities

 

2,225,349

1,556,972

Provisions for liabilities

(20,627)

(14,549)

Net assets

 

2,204,722

1,542,423

Capital and reserves

 

Called up share capital

8

30,000

30,000

Other reserves

16,122

16,122

Retained earnings

2,158,600

1,496,301

Shareholders' funds

 

2,204,722

1,542,423

 

E. & M. Brennan Limited

(Registration number: 01880555)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

.........................................
Mr Jonathan Brennan
Director

 

E. & M. Brennan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Cornwall Street
Higher Openshaw
Manchester
Lancashire
M11 2NR
England

These financial statements were authorised for issue by the Board on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

 

E. & M. Brennan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

30% reducing balance

Motor Vehicles

25% reducing balance

Freehold land and buildings

3% reducing balance

Fixtures and fittings

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

E. & M. Brennan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 7).

 

E. & M. Brennan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

356,682

56,106

136,711

549,499

Additions

-

1,740

33,000

34,740

Disposals

-

-

(6,000)

(6,000)

At 31 March 2025

356,682

57,846

163,711

578,239

Depreciation

At 1 April 2024

-

49,992

66,252

116,244

Charge for the year

-

1,516

25,392

26,908

Eliminated on disposal

-

-

(4,102)

(4,102)

At 31 March 2025

-

51,508

87,542

139,050

Carrying amount

At 31 March 2025

356,682

6,338

76,169

439,189

At 31 March 2024

356,682

6,114

70,459

433,255

Included within the net book value of land and buildings above is £356,682 (2024 - £356,682) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

5,000

5,000

6

Debtors

2025
£

2024
£

Trade debtors

156,920

90,420

Prepayments

39,053

208

Other debtors

1,302,958

609,570

1,498,931

700,198

 

E. & M. Brennan Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

26,203

-

Trade creditors

 

271,476

129,512

Taxation and social security

 

275,666

183,783

Accruals and deferred income

 

117,671

29,038

Other creditors

 

77,626

89,426

 

768,642

431,759

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

30,000

30,000

30,000

30,000

       

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank overdrafts

26,203

-

10

Parent and ultimate parent undertaking

The company's immediate parent is E & M Brennan Holdings Limited (11458923), incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Brennan Groundworks Limited (14747140). These financial statements are available upon request from Companies House