IRIS Accounts Production v25.1.0.734 00684840 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006848402023-09-30006848402024-09-30006848402023-10-012024-09-30006848402022-09-30006848402022-10-012023-09-30006848402023-09-3000684840ns15:EnglandWales2023-10-012024-09-3000684840ns14:PoundSterling2023-10-012024-09-3000684840ns10:Director12023-10-012024-09-3000684840ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000684840ns10:SmallEntities2023-10-012024-09-3000684840ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000684840ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000684840ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000684840ns10:FullAccounts2023-10-012024-09-3000684840ns10:OrdinaryShareClass12023-10-012024-09-3000684840ns10:Director22023-10-012024-09-3000684840ns10:CompanySecretary12023-10-012024-09-3000684840ns10:RegisteredOffice2023-10-012024-09-3000684840ns5:CurrentFinancialInstruments2024-09-3000684840ns5:CurrentFinancialInstruments2023-09-3000684840ns5:ShareCapital2024-09-3000684840ns5:ShareCapital2023-09-3000684840ns5:RevaluationReserve2024-09-3000684840ns5:RevaluationReserve2023-09-3000684840ns5:RetainedEarningsAccumulatedLosses2024-09-3000684840ns5:RetainedEarningsAccumulatedLosses2023-09-3000684840ns5:LandBuildings2023-09-3000684840ns5:PlantMachinery2023-09-3000684840ns5:FurnitureFittings2023-09-3000684840ns5:LandBuildings2023-10-012024-09-3000684840ns5:PlantMachinery2023-10-012024-09-3000684840ns5:FurnitureFittings2023-10-012024-09-3000684840ns5:LandBuildings2024-09-3000684840ns5:PlantMachinery2024-09-3000684840ns5:FurnitureFittings2024-09-3000684840ns5:LandBuildings2023-09-3000684840ns5:PlantMachinery2023-09-3000684840ns5:FurnitureFittings2023-09-3000684840ns5:MotorVehicles2023-09-3000684840ns5:ComputerEquipment2023-09-3000684840ns5:MotorVehicles2023-10-012024-09-3000684840ns5:ComputerEquipment2023-10-012024-09-3000684840ns5:MotorVehicles2024-09-3000684840ns5:ComputerEquipment2024-09-3000684840ns5:MotorVehicles2023-09-3000684840ns5:ComputerEquipment2023-09-3000684840ns5:CostValuation2023-09-3000684840ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3000684840ns5:CostValuation2024-09-3000684840ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000684840ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000684840ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 00684840 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

BRABBIN AND RUDD LIMITED

BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRABBIN AND RUDD LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2024







DIRECTORS: P N Brabbin
M A Brabbin





SECRETARY: P N Brabbin





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 00684840 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

BALANCE SHEET
30th September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 785,701 786,333
Investments 5 5,363 4,047
791,064 790,380

CURRENT ASSETS
Stocks 644,111 658,982
Debtors 6 406,687 380,678
Cash at bank and in hand 146,982 165,083
1,197,780 1,204,743
CREDITORS
Amounts falling due within one year 7 (287,261 ) (308,134 )
NET CURRENT ASSETS 910,519 896,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,701,583

1,686,989

PROVISIONS FOR LIABILITIES (8,363 ) (2,990 )
NET ASSETS 1,693,220 1,683,999

CAPITAL AND RESERVES
Called up share capital 9 1,100 1,100
Revaluation reserve 679,790 691,564
Retained earnings 1,012,330 991,335
SHAREHOLDERS' FUNDS 1,693,220 1,683,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

BALANCE SHEET - continued
30th September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th June 2025 and were signed on its behalf by:





P N Brabbin - Director


BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024


1. STATUTORY INFORMATION

Brabbin and Rudd Limited is a private company, limited by shares, registered in England and Wales, registration number 00684840. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD. The principal places of business are Walker Street, Off Spa Road, Bolton, BL1 4TB and Leigh Street, Wigan, WN1 3BE.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts recognised by the company in respect of goods supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of industrial equipment, which are recognised at the point of which the goods are provided.

Tangible fixed assets
Tangible fixed assets 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, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Land and buildings-2.5% on cost
Plant and machinery-10% on cost
Fixtures and fittings-10% on cost
Motor vehicles-25% reducing balance
Computer equipment-10% on cost

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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Provisions are made for obsolete, slow moving or defective items where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


2. 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.

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.

Investments
Investments held as fixed assets are shown at fair value.

Trade and other debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.

Trade and other creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Hire purchase and finance lease agreements
Assets held under hire purchase or finance lease agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight-line basis.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st October 2023 885,000 3,472 139,032
Additions - - -
At 30th September 2024 885,000 3,472 139,032
DEPRECIATION
At 1st October 2023 110,625 1,270 138,672
Charge for year 22,125 347 83
At 30th September 2024 132,750 1,617 138,755
NET BOOK VALUE
At 30th September 2024 752,250 1,855 277
At 30th September 2023 774,375 2,202 360

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st October 2023 50,369 4,405 1,082,278
Additions 31,109 818 31,927
At 30th September 2024 81,478 5,223 1,114,205
DEPRECIATION
At 1st October 2023 42,946 2,432 295,945
Charge for year 9,498 506 32,559
At 30th September 2024 52,444 2,938 328,504
NET BOOK VALUE
At 30th September 2024 29,034 2,285 785,701
At 30th September 2023 7,423 1,973 786,333

Cost or valuation at 30th September 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2024 403,077 - -
Cost 481,923 3,472 139,032
885,000 3,472 139,032

BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 403,077
Cost 81,478 5,223 711,128
81,478 5,223 1,114,205


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st October 2023 4,047
Revaluations 1,316
At 30th September 2024 5,363
NET BOOK VALUE
At 30th September 2024 5,363
At 30th September 2023 4,047

Cost or valuation at 30th September 2024 is represented by:

Other
investments
£   
Valuation in 2024 4,729
Cost 634
5,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 398,891 374,218
Other debtors 7,796 6,460
406,687 380,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,236
Trade creditors 187,457 206,092
Taxation and social security 69,747 68,090
Other creditors 30,057 32,716
287,261 308,134

BRABBIN AND RUDD LIMITED (REGISTERED NUMBER: 00684840)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 1,236

Hire purchase contracts are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,100 Ordinary £1.00 1,100 1,100

10. RELATED PARTY DISCLOSURES

Included in other creditors, is a balance owed to the directors of £22,029 (2023 - £22,029). This balance relates to an interest free loan account.