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REGISTERED NUMBER: 04625674 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Brook & Mayo Limited

Brook & Mayo Limited (Registered number: 04625674)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Brook & Mayo Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P Scattergood
D C Chambers
D E Sewell
J A P Lill





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 04625674 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brook & Mayo Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brook & Mayo Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brook & Mayo Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brook & Mayo Limited and state those matters that we have agreed to state to the Board of Directors of Brook & Mayo Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brook & Mayo Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brook & Mayo Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brook & Mayo Limited. You consider that Brook & Mayo Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brook & Mayo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


4 July 2025

Brook & Mayo Limited (Registered number: 04625674)

Income Statement
for the Year Ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 6,978,807 7,397,340

Cost of sales 5,256,914 5,796,829
GROSS PROFIT 1,721,893 1,600,511

Administrative expenses 1,288,671 1,156,298
433,222 444,213

Other operating income 101,863 62,458
OPERATING PROFIT 535,085 506,671

Exceptional items 4 - 44,469
535,085 462,202

Interest receivable and similar income 19,111 9,499
PROFIT BEFORE TAXATION 554,196 471,701

Tax on profit 5 188,494 109,137
PROFIT FOR THE FINANCIAL YEAR 365,702 362,564

Brook & Mayo Limited (Registered number: 04625674)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 1,174,611 1,121,659

CURRENT ASSETS
Stocks 7 114,912 89,194
Debtors 8 1,437,522 1,304,482
Cash at bank and in hand 788,904 1,032,050
2,341,338 2,425,726
CREDITORS
Amounts falling due within one year 9 866,271 1,165,915
NET CURRENT ASSETS 1,475,067 1,259,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,649,678

2,381,470

CREDITORS
Amounts falling due after more than one
year

10

-

(38,027

)

PROVISIONS FOR LIABILITIES (197,699 ) (136,484 )
NET ASSETS 2,451,979 2,206,959

CAPITAL AND RESERVES
Called up share capital 12 1,110 1,110
Share premium 13 43,976 43,976
Capital redemption reserve 13 476 476
Retained earnings 13 2,406,417 2,161,397
SHAREHOLDERS' FUNDS 2,451,979 2,206,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:





D E Sewell - Director


Brook & Mayo Limited (Registered number: 04625674)

Statement of Changes in Equity
for the Year Ended 31 March 2025

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 April 2023 1,110 1,985,195 43,976 476 2,030,757

Changes in equity
Dividends - (119,646 ) - - (119,646 )
Total comprehensive income - 295,848 - - 295,848
Balance at 31 March 2024 1,110 2,161,397 43,976 476 2,206,959

Changes in equity
Dividends - (120,682 ) - - (120,682 )
Total comprehensive income - 365,702 - - 365,702
Balance at 31 March 2025 1,110 2,406,417 43,976 476 2,451,979

Brook & Mayo Limited (Registered number: 04625674)

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

1. STATUTORY INFORMATION

Brook & Mayo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover comprises the value of electrical contracting work executed during the year plus the invoiced value of other sales. The value of electrical contracting work is based on management valuations, incorporating profit earned to the year end date and adjusted for any anticipated losses. Other sales are invoiced upon performance of the services provided.

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.
Land and Buildings - 10% on cost and 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value for work undertaken but not billed at the year end. The value is adjusted for irrecoverable costs on contracts.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Brook & Mayo Limited (Registered number: 04625674)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

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.

Amounts recoverable on contract
The amount by which recorded turnover on uncompleted jobs is in excess of invoiced amounts is classified as amounts recoverable on contracts and separately disclosed in debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 45 ) .

4. EXCEPTIONAL ITEMS
2025 2024
£    £   
Exceptional items - (44,469 )

The company made an allocation of free shares to employees under the rues of the HMRC approved employee share incentive plan. The exceptional cost is based on the HMRC approved value for the shares with the company bearing the full cost of the transactions.

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 127,279 83,011

Deferred tax 61,215 26,126
Tax on profit 188,494 109,137

UK corporation tax has been charged at 25% (2024 - 25%).

Brook & Mayo Limited (Registered number: 04625674)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 April 2024 666,653 26,867 32,281
Additions 1,493 6,028 322
Disposals - - (2,735 )
At 31 March 2025 668,146 32,895 29,868
DEPRECIATION
At 1 April 2024 90,930 12,440 25,158
Charge for year 19,219 3,359 2,210
Eliminated on disposal - - (2,404 )
At 31 March 2025 110,149 15,799 24,964
NET BOOK VALUE
At 31 March 2025 557,997 17,096 4,904
At 31 March 2024 575,723 14,427 7,123

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 827,487 136,630 1,689,918
Additions 229,388 16,507 253,738
Disposals (78,400 ) (30,254 ) (111,389 )
At 31 March 2025 978,475 122,883 1,832,267
DEPRECIATION
At 1 April 2024 309,771 129,960 568,259
Charge for year 157,779 4,464 187,031
Eliminated on disposal (65,135 ) (30,095 ) (97,634 )
At 31 March 2025 402,415 104,329 657,656
NET BOOK VALUE
At 31 March 2025 576,060 18,554 1,174,611
At 31 March 2024 517,716 6,670 1,121,659

Brook & Mayo Limited (Registered number: 04625674)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 347,550
Disposals (47,993 )
At 31 March 2025 299,557
DEPRECIATION
At 1 April 2024 184,203
Charge for year 39,227
Eliminated on disposal (37,204 )
At 31 March 2025 186,226
NET BOOK VALUE
At 31 March 2025 113,331
At 31 March 2024 163,347

7. STOCKS
2025 2024
£    £   
Work-in-progress 114,912 89,194

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,147,444 969,931
Amounts recoverable on contracts 33,605 68,900
Other debtors 157,087 89,084
VAT - 62,820
Prepayments and accrued income 99,386 113,747
1,437,522 1,304,482

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 38,027 68,584
Trade creditors 253,147 369,460
Taxation and social security 191,406 131,811
Other creditors 383,691 596,060
866,271 1,165,915

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 38,027

Brook & Mayo Limited (Registered number: 04625674)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

11. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 38,027 106,611

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

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
110,998 Ordinary £0.01 1,110 1,110

13. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 April 2024 2,161,397 43,976 476 2,205,849
Profit for the year 365,702 365,702
Dividends (120,682 ) (120,682 )
At 31 March 2025 2,406,417 43,976 476 2,450,869

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
J A P Lill
Balance outstanding at start of year - 3,288
Amounts repaid - (3,288 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -