REGISTERED NUMBER: 05338659 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRECKON & BRECKON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Stacey

REGISTERED OFFICE:

Twining House

294 Banbury Road

Summertown

Oxfordshire

OX2 7ED

REGISTERED NUMBER:

05338659 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

354,151

366,265

Investments

6

1

70,366

354,152

436,631

CURRENT ASSETS

Debtors

7

1,896,161

1,751,768

Cash at bank

1,073,414

347,428

2,969,575

2,099,196

CREDITORS

Amounts falling due within one year

8

767,627

342,382

NET CURRENT ASSETS

2,201,948

1,756,814

TOTAL ASSETS LESS CURRENT LIABILITIES

2,556,100

2,193,445

PROVISIONS FOR LIABILITIES

85,123

79,964

NET ASSETS

2,470,977

2,113,481

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,470,877

2,113,381

SHAREHOLDERS' FUNDS

2,470,977

2,113,481

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 30 September 2025 and were signed by:

K Stacey - Director

1.	STATUTORY INFORMATION

Breckon & Breckon 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.

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

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 as modified by the revaluation of certain assets.

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.

Short leasehold

-

in accordance with the property

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

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.

Listed investments

Listed investments are recognised at market value based on the share price at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

600,000

AMORTISATION

At 1 January 2024

and 31 December 2024

600,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2024

78,311

72,525

304,545

Additions

-

-

19,065

Disposals

-

-

(551

)

At 31 December 2024

78,311

72,525

323,059

DEPRECIATION

At 1 January 2024

78,311

37,164

129,309

Charge for year

-

8,839

47,602

Eliminated on disposal

-

-

(292

)

At 31 December 2024

78,311

46,003

176,619

NET BOOK VALUE

At 31 December 2024

-

26,522

146,440

At 31 December 2023

-

35,361

175,236

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

397,374

279,427

1,132,182

Additions

59,161

3,756

81,982

Disposals

-

(122

)

(673

)

At 31 December 2024

456,535

283,061

1,213,491

DEPRECIATION

At 1 January 2024

266,951

254,182

765,917

Charge for year

23,995

13,401

93,837

Eliminated on disposal

-

(122

)

(414

)

At 31 December 2024

290,946

267,461

859,340

NET BOOK VALUE

At 31 December 2024

165,589

15,600

354,151

At 31 December 2023

130,423

25,245

366,265

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

1

70,365

70,366

Disposals

-

(70,365

)

(70,365

)

At 31 December 2024

1

-

1

NET BOOK VALUE

At 31 December 2024

1

-

1

At 31 December 2023

1

70,365

70,366

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2019

-

85,760

85,760

Valuation in 2020

-

(41,280

)

(41,280

)

Valuation in 2021

-

22,720

22,720

Valuation in 2022

-

(8,000

)

(8,000

)

Valuation in 2022

-

(16,960

)

(16,960

)

Valuation in 2023

-

28,125

28,125

Cost

1

-

1

1

70,365

70,366

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

313,621

314,844

Other debtors

1,582,540

1,436,924

1,896,161

1,751,768

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

245,285

148,157

Taxation and social security

426,465

179,175

Other creditors

95,877

15,050

767,627

342,382

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

307,658

255,376

Between one and five years

301,230

457,498

608,888

712,874

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Balance outstanding at start of year

155,689

170,283

Amounts advanced

378,378

292,263

Amounts repaid

(172,482

)

(306,857

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of the year

361,585

155,689

The advances were interest free, unsecured and repayable on demand.