Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falseNo description of principal activityfalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-10-012true 05579769 2023-10-01 2024-09-30 05579769 2022-10-01 2023-09-30 05579769 2024-09-30 05579769 2023-09-30 05579769 c:Director1 2023-10-01 2024-09-30 05579769 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 05579769 d:Buildings d:LongLeaseholdAssets 2024-09-30 05579769 d:Buildings d:LongLeaseholdAssets 2023-09-30 05579769 d:PlantMachinery 2023-10-01 2024-09-30 05579769 d:PlantMachinery 2024-09-30 05579769 d:PlantMachinery 2023-09-30 05579769 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05579769 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05579769 d:CurrentFinancialInstruments 2024-09-30 05579769 d:CurrentFinancialInstruments 2023-09-30 05579769 d:Non-currentFinancialInstruments 2024-09-30 05579769 d:Non-currentFinancialInstruments 2023-09-30 05579769 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05579769 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05579769 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05579769 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05579769 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05579769 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05579769 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05579769 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05579769 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 05579769 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 05579769 d:ShareCapital 2024-09-30 05579769 d:ShareCapital 2023-09-30 05579769 d:RetainedEarningsAccumulatedLosses 2024-09-30 05579769 d:RetainedEarningsAccumulatedLosses 2023-09-30 05579769 c:FRS102 2023-10-01 2024-09-30 05579769 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05579769 c:FullAccounts 2023-10-01 2024-09-30 05579769 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05579769 2 2023-10-01 2024-09-30 05579769 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05579769










P J BRENNAN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
P J BRENNAN LIMITED
REGISTERED NUMBER: 05579769

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
73,989
83,566

  
73,989
83,566

Current assets
  

Stocks
  
41,068
1,501

Debtors: amounts falling due within one year
 5 
25,496
17,529

Cash at bank and in hand
 6 
106,105
84,166

  
172,669
103,196

Creditors: amounts falling due within one year
 7 
(107,185)
(61,438)

Net current assets
  
 
 
65,484
 
 
41,758

Total assets less current liabilities
  
139,473
125,324

Creditors: amounts falling due after more than one year
 8 
(11,369)
(47,116)

  

Net assets
  
128,104
78,208


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
128,004
78,108

  
128,104
78,208


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2025.
Page 1

 
P J BRENNAN LIMITED
REGISTERED NUMBER: 05579769
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024





P J Brennan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

P J Brennan Limited is a private company, limited by shares, registered in England and Wales. It's registered office is Willersey Fields Farm, Willersey Fields, Badsey, Evesham, Worcestershire, WR11 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Plant and machinery
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
27,016
25,343

Cost of defined contribution scheme
350
153

27,366
25,496


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Improve - ments to property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 October 2023
56,153
92,158
148,311


Disposals
-
(8,600)
(8,600)



At 30 September 2024

56,153
83,558
139,711



Depreciation


At 1 October 2023
-
64,745
64,745


Charge for the year on owned assets
-
5,949
5,949


Disposals
-
(4,972)
(4,972)



At 30 September 2024

-
65,722
65,722



Net book value



At 30 September 2024
56,153
17,836
73,989



At 30 September 2023
56,153
27,413
83,566


5.


Debtors

2024
2023
£
£


Trade debtors
25,118
17,529

Other debtors
378
-

25,496
17,529


Page 6

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
106,105
84,166

106,105
84,166



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,231
15,286

Trade creditors
9,679
11,624

Other taxation and social security
64,575
34,287

Other creditors
22,700
241

107,185
61,438


The following liabilities were secured:

2024
2023
£
£



Bank Loans
-
5,310

-
5,310

Details of security provided:

The amounts due above are secured by a debenture and floating charge over the assets of the company.

Page 7

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,369
47,116

11,369
47,116


The following liabilities were secured:

2024
2023
£
£



Bank Loans
-
25,522

-
25,522

Details of security provided:

The amounts due above are secured by a debenture and floating charge over the assets of the company.

Page 8

 
P J BRENNAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,231
15,286


10,231
15,286

Amounts falling due 1-2 years

Bank loans
11,369
15,796


11,369
15,796

Amounts falling due 2-5 years

Bank loans
-
29,758


-
29,758

Amounts falling due after more than 5 years

Bank loans
-
1,562

-
1,562

21,600
62,402



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £350 (2023 - £153). 

 
Page 9