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Registered number: 04664470
Brevins Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Brevins Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04664470
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 166 2,915
166 2,915
CURRENT ASSETS
Stocks 6 36,740 21,550
Debtors 7 19,223 18,411
Cash at bank and in hand 2,713 3,830
58,676 43,791
Creditors: Amounts Falling Due Within One Year 8 (58,579 ) (31,447 )
NET CURRENT ASSETS (LIABILITIES) 97 12,344
TOTAL ASSETS LESS CURRENT LIABILITIES 263 15,259
NET ASSETS 263 15,259
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 261 15,257
SHAREHOLDERS' FUNDS 263 15,259
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kevin O'Malley
Director
24th December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brevins Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04664470 . The registered office is 23 Porters Wood, St Albans, Hertfordshire, AL3 6PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 50% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 42,000
As at 31 March 2025 42,000
Amortisation
As at 1 April 2024 42,000
As at 31 March 2025 42,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 720 18,566 19,286
Additions - 333 333
As at 31 March 2025 720 18,899 19,619
Depreciation
As at 1 April 2024 720 15,651 16,371
Provided during the period - 3,082 3,082
As at 31 March 2025 720 18,733 19,453
Net Book Value
As at 31 March 2025 - 166 166
As at 1 April 2024 - 2,915 2,915
6. Stocks
2025 2024
£ £
Work in progress 36,740 21,550
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 18,213 18,043
Other debtors 1,010 368
19,223 18,411
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,942 3,689
Bank loans and overdrafts 9,024 4,752
Other creditors 30,767 14,367
Taxation and social security 10,846 8,639
58,579 31,447
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4