The Brixworth Engineering Company Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00855458

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		44,148		43,056

			44,148		43,056
CURRENT ASSETS
Stocks	5	76,370		71,376
Debtors	6	128,823		132,352
Cash at bank and in hand		22,438		11,568

		227,631		215,296
Creditors: Amounts Falling Due Within One Year	7	(122,209 )		(137,667 )

NET CURRENT ASSETS (LIABILITIES)			105,422		77,629

TOTAL ASSETS LESS CURRENT LIABILITIES			149,570		120,685

NET ASSETS			149,570		120,685

CAPITAL AND RESERVES
Called up share capital	8		941		1,750
Profit and Loss Account			148,629		118,935

SHAREHOLDERS' FUNDS			149,570		120,685

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The Brixworth Engineering Company Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Martyn Walker

Director

16 May 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Brixworth Engineering Company Ltd Registered number 00855458 is a limited by shares company incorporated in England & Wales. The Registered Office is Creaton Road, Brixworth, Northampton, NN6 9BW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No charge as immaterial
Leasehold	Over life of lease
Plant & Machinery	10% on cost
Motor Vehicles	20% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 12 (2023: 14)

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The Brixworth Engineering Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost
As at 1 January 2024	1,000	2,528	239,758	52,097	295,383
Additions	-	-	14,678	-	14,678

As at 31 December 2024	1,000	2,528	254,436	52,097	310,061

Depreciation
As at 1 January 2024	-	2,528	197,703	52,096	252,327
Provided during the period	-	-	13,586	-	13,586

As at 31 December 2024	-	2,528	211,289	52,096	265,913

Net Book Value
As at 31 December 2024	1,000	-	43,147	1	44,148

As at 1 January 2024	1,000	-	42,055	1	43,056

5. Stocks

	2024	2023
	£	£
Stock	76,370	71,376

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	121,665	130,513
Other debtors	7,158	1,839

	128,823	132,352

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The Brixworth Engineering Company Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	64,955	49,507
Corporation tax	5,098	-
Other taxes and social security	14,862	25,646
Other creditors	2,308	2,223
Factoring loan	13,695	41,574
Accruals and deferred income	3,705	3,299
Directors' loan accounts	17,586	15,418

	122,209	137,667

9. Other Commitments

At the end of the period the company had total commitments payable over the course of 5 years under non-cancellable leases as follows:

	2024	2023
	£	£
Not later than one year	48,000	48,000
Later than one year and not later than five years	9,000	36,000

	57,000	84,000

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2024	2023
	£	£
Mrs Susan Muir	1,000	1,000
Mr Martyn Walker	1,000	1,000
Mr Michael Wright	1,000	1,000

11. Controlling Party

The company's controlling party is Mr Martyn Walker and Mrs Susan Muir jointly by virtue of their ownership of 90% of the issued share capital in the company.