NEIL BRAIN DRYLINING LTD

Company Information
for the year from 1 April 2024 to 31 March 2025


Director	BRAIN, Neil


Company Secretary	TAYLOR, Clare


Registered Address	31 Riding Barn Hill
	Wick
	Bristol
	BS30 5PB


Registered Number	06752533 (England and Wales)

NEIL BRAIN DRYLINING LTD

Balance Sheet as at
31 March 2025

	2025		2024
	£	£	£	£
Fixed assets
Investments		1		90
		1		90
Current assets
Stocks	4,250		4,250
Debtors	4,024		26,550
Cash at bank and on hand	10,951		20,610
	19,225		51,410
Creditors amounts falling due within one year	(16,344)		(38,424)
Net current assets (liabilities)		2,881		12,986
Total assets less current liabilities		2,882		13,076
Creditors amounts falling due after one year		-		(2,290)
Net assets		2,882		10,786
Capital and reserves
Called up share capital		100		100
Profit and loss account		2,782		10,686
Shareholders' funds		2,882		10,786

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 31 December 2025, and are signed on its behalf by:

BRAIN, Neil
Director
Registered Company No. 06752533

NEIL BRAIN DRYLINING LTD

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.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1