REGISTERED NUMBER: 02291340 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Brendon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Hendy

C W Hendy

T J Foster

SECRETARY:

CW Hendy

REGISTERED OFFICE:

Nunnington Park House

Wiveliscombe

Taunton

Somerset

TA4 2AD

REGISTERED NUMBER:

02291340 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

BANKERS:

National Westminster Bank Plc

49 North Street

Taunton

Somerset

TA1 1NB

FIXED ASSETS

Tangible assets

4

866,109

790,265

CURRENT ASSETS

Stocks

1,028,907

1,131,861

Debtors

5

1,269,956

976,870

Cash at bank and in hand

1,914,361

1,917,335

4,213,224

4,026,066

CREDITORS

Amounts falling due within one year

6

1,020,560

697,486

NET CURRENT ASSETS

3,192,664

3,328,580

TOTAL ASSETS LESS CURRENT LIABILITIES

4,058,773

4,118,845

PROVISIONS FOR LIABILITIES

128,076

101,618

NET ASSETS

3,930,697

4,017,227

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

3,910,697

3,997,227

SHAREHOLDERS' FUNDS

3,930,697

4,017,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

C W Hendy - Director

1.	STATUTORY INFORMATION

Brendon 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements

-

5% on cost

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tooling and mould development

-

25% on reducing balance

Stock

Stock is stated at the lower of cost and net realisable value. Cost includes purchase price plus attributable production overheads. Net realisable value comprises estimated sales proceeds less all further costs to completion, and less all costs to be incurred in marketing, selling and distribution.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Finance leases

Fixed assets acquired under finance leases have been capitalised and depreciated in accordance with the company's depreciation policy. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is included in creditors.

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

Pension costs and other post-retirement benefits

The company provides for pension liabilities by payments to an insurance company independent from the finances of the company. The pension fund maintained is a defined contribution scheme. Costs in respect of the scheme are charged to the profit and loss account as they become due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Property

Plant and

Office

improvements

machinery

equipment

£

£

£

COST

At 1 January 2024

484,921

1,740,148

176,329

Additions

-

210,889

-

At 31 December 2024

484,921

1,951,037

176,329

DEPRECIATION

At 1 January 2024

117,153

1,415,931

162,937

Charge for year

24,190

86,283

3,351

At 31 December 2024

141,343

1,502,214

166,288

NET BOOK VALUE

At 31 December 2024

343,578

448,823

10,041

At 31 December 2023

367,768

324,217

13,392

Tooling

Motor

and mould

vehicles

development

Totals

£

£

£

COST

At 1 January 2024

210,549

150,164

2,762,111

Additions

-

-

210,889

At 31 December 2024

210,549

150,164

2,973,000

DEPRECIATION

At 1 January 2024

161,982

113,843

1,971,846

Charge for year

12,140

9,081

135,045

At 31 December 2024

174,122

122,924

2,106,891

NET BOOK VALUE

At 31 December 2024

36,427

27,240

866,109

At 31 December 2023

48,567

36,321

790,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,180,986

881,266

VAT

17,160

60,134

Prepayments

71,810

35,470

1,269,956

976,870

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

745,238

538,993

Corporation tax

109,196

117,889

Social security and other taxes

18,333

17,252

Other creditors

131,109

9,520

Directors' current accounts

16,684

13,832

1,020,560

697,486

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

154,900

154,900