Company Registration No. SC240675 (Scotland)
G. Bremner Limited
Unaudited accounts
for the year ended 31 December 2024
G. Bremner Limited
Unaudited accounts
Contents
G. Bremner Limited
Company Information
for the year ended 31 December 2024
Directors
G Bremner
C Bremner
Company Number
SC240675 (Scotland)
Registered Office
Ardmair House
Highfield Park
Conon Bridge
Dingwall
IV7 8AP
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
G. Bremner Limited
Statement of financial position
as at 31 December 2024
Tangible assets
48,590
24,631
Cash at bank and in hand
75,380
19,793
Creditors: amounts falling due within one year
(63,727)
(75,489)
Net current assets
15,480
1,467
Total assets less current liabilities
64,070
26,098
Creditors: amounts falling due after more than one year
(16,500)
(9,064)
Provisions for liabilities
Deferred tax
(9,232)
(4,680)
Called up share capital
100
100
Profit and loss account
38,238
12,254
Shareholders' funds
38,338
12,354
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
C Bremner
Director
Company Registration No. SC240675
G. Bremner Limited
Notes to the Accounts
for the year ended 31 December 2024
G. Bremner Limited is a private company, limited by shares, registered in Scotland, registration number SC240675. The registered office is Ardmair House, Highfield Park, Conon Bridge, Dingwall, IV7 8AP.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% - 33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
G. Bremner Limited
Notes to the Accounts
for the year ended 31 December 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Intangible fixed assets
Total
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Tangible fixed assets
Total
At 31 December 2024
64,867
At 31 December 2024
16,277
At 31 December 2024
48,590
At 31 December 2023
24,631
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
40,304
13,036
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Average number of employees
During the year the average number of employees was 3 (2023: 3).