Breen Roofing & Building Contractors Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC165961 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Breen Roofing & Building Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J S Stewart

REGISTERED OFFICE:

4b Castlehill Yard

Hill Street

Ardrossan

KA22 8FE

REGISTERED NUMBER:

SC165961 (Scotland)

ACCOUNTANTS:

Greg Hannah Ltd

Chartered Accountants

26 Victoria Street

Rutherglen

Glasgow

G73 1DS

FIXED ASSETS

Tangible assets

5

38,509

44,135

CURRENT ASSETS

Stocks

7,500

8,500

Debtors

6

4,896

25,610

Cash at bank and in hand

45,716

51,482

58,112

85,592

CREDITORS

Amounts falling due within one year

7

88,618

80,643

NET CURRENT (LIABILITIES)/ASSETS

(30,506

)

4,949

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,003

49,084

CREDITORS

Amounts falling due after more than one
year

8

6,596

42,313

NET ASSETS

1,407

6,771

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,405

6,769

1,407

6,771

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 director acknowledges his 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 director and authorised for issue on 25 September 2025 and were signed by:

Mr J S Stewart - Director

1.	STATUTORY INFORMATION

Breen Roofing & Building Contractors Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from roofing and building services supplied by the company.

Turnover is measured at the fair value of the service supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current 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 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.

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.

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 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.

Going concern

The director is satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the director considers it appropriate to prepare the financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

4,300

83,851

88,151

Additions

-

410

At 31 December 2024

4,300

84,261

88,561

DEPRECIATION

At 1 January 2024

-

44,016

Charge for year

-

6,036

At 31 December 2024

-

50,052

NET BOOK VALUE

At 31 December 2024

4,300

34,209

38,509

At 31 December 2023

4,300

39,835

44,135

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

7,950

DEPRECIATION

At 1 January 2024

99

Charge for year

1,178

At 31 December 2024

1,277

NET BOOK VALUE

At 31 December 2024

6,673

At 31 December 2023

7,851

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,760

5,492

Other debtors

3,136

20,118

4,896

25,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

33,067

38,146

Hire purchase contracts

2,650

Trade creditors

22,813

23,159

Taxation and social security

30,088

15,341

Other creditors

-

1,347

88,618

80,643

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

4,167

37,234

Hire purchase contracts

2,429

5,079

6,596

42,313

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loan

14,167

24,167

The bounce back loan is supported by a 100% guarantee from the UK Government.

10.	RELATED PARTY DISCLOSURES

At the 31st December 2024, Mr J Stewart (Director) owed the company £3,136 (2023: (£447)). This loan is interest free and has no fixed repayment terms. The loan was repaid in full by the 30th September 2025.