S.BRANNAN & SONS,LIMITED


Directors	BAMFORTH, John Richard
	BRANNAN, Andrew Martin
	HRYB, Clare Kathleen
	TAYLOR, Juliet Helen


Company Secretary	BAMFORTH, John Richard


Registered Address	Unit 1 Leconfield Industrial Estate
	Cleator Moor
	CA25 5QE


Registered Number	00290512 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard 102 applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in Pounds Sterling (£) and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of financial position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of Patents has been set at 4-6 years and the asset will be amortized on a straight line basis over that period.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. 

 Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Government grants or assistance
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants or assistance

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

 Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	37		35

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	13,719	13,719
At 31 March 25	13,719	13,719
Amortisation and impairment
At 01 April 24	13,719	13,719
At 31 March 25	13,719	13,719
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Useful life of intangible assets
	All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Patents are amortised between 4 and 6 years

5.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	1,242,067	1,242,067
Additions	85,934	85,934
At 31 March 25	1,328,001	1,328,001
Depreciation and impairment
At 01 April 24	1,081,960	1,081,960
Charge for year	46,774	46,774
At 31 March 25	1,128,734	1,128,734
Net book value
At 31 March 25	199,267	199,267
At 31 March 24	160,107	160,107

6.	Fixed asset investments
	Investments in group undertakings and participating interests

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	400	400
At 31 March 25	400	400
Net book value
At 31 March 25	400	400
At 31 March 24	400	400

	Notes
	¹Investments in group undertakings and participating interests

7.	Stocks

	2025	2024
	£	£
Raw materials and consumables	278,185	273,401
Work in progress	115,555	118,451
Finished goods	667,915	756,299
Total	1,061,655	1,148,151

8.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	650,347	715,971
Other debtors	1,041	1,041
Prepayments and accrued income	42,995	29,006
Total	694,383	746,018


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	142,464	65,096
Taxation and social security	65,294	102,164
Other creditors	41,336	43,258
Accrued liabilities and deferred income	408,916	661,532
Total	658,010	872,050


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	4,375	3,625
Total	4,375	3,625

11.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. Other provisions relate to a dilapidation provision.

	2025	2024
	£	£
Net deferred tax liability (asset)	42,231	15,723
Other provisions	250,922	291,313
Total	293,153	307,036

12.	Pension commitments
	The pension cost charge represents the contributions payable to these schemes and was £88,115 (2024 - £73,644).

13.	Other commitments
	At 31 March 2025 the company had future minimum lease payments under non-cancellable operating leases of £17,460 (2024 - £27,630).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		199,267		160,107
Investments	6		400		400
			199,667		160,507
Current assets
Stocks	7	1,061,655		1,148,151
Debtors	8	694,383		746,018
Cash at bank and on hand		333,592		449,666
		2,089,630		2,343,835
Creditors amounts falling due within one year	9	(658,010)		(872,050)
Net current assets (liabilities)			1,431,620		1,471,785
Total assets less current liabilities			1,631,287		1,632,292
Creditors amounts falling due after one year	10		(4,375)		(3,625)
Provisions for liabilities	11		(293,153)		(307,036)
Net assets			1,333,759		1,321,631
Capital and reserves
Called up share capital			335,579		335,579
Other reserves			51,421		51,421
Profit and loss account			946,759		934,631
Shareholders' funds			1,333,759		1,321,631