REGISTERED NUMBER: NI628283 (Northern Ireland)

BRAETEC LTD

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Lee Clarkson

Natalie O'Doherty

Registered office:

6b Upper Water Street

Newry

Co. Down

BT34 1DJ

Registered number:

NI628283 (Northern Ireland)

Accountants:

Cooper Parry Advisory Limited

Unit 7, Dyehouse

Linen Green

Dungannon

BT71 7HB

Fixed assets

Property, plant and equipment

5

211,821

203,131

Current assets

Receivables

6

71,200

1

Cash at bank

51,324

32,378

122,524

32,379

Creditors

Amounts falling due within one year

7

139,697

99,723

Net current liabilities

(17,173

)

(67,344

)

Total assets less current liabilities

194,648

135,787

Creditors

Amounts falling due after more than one year

8

48,681

11,622

Net assets

145,967

124,165

Capital and reserves

Called up share capital

100

100

Retained earnings

145,867

124,065

145,967

124,165

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 March 2026 and were signed on its behalf by:

Lee Clarkson - Director

Natalie O'Doherty - Director

1.	Statutory information

Braetec Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

3% on cost

Fixtures and fittings

-

15% on reducing balance

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

5.	Property, plant and equipment

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Cost

At 1 January 2025

252,115

10,070

262,185

Additions

18,122

1,859

19,981

At 31 December 2025

270,237

11,929

282,166

Depreciation

At 1 January 2025

55,668

3,386

59,054

Charge for year

10,084

1,207

11,291

At 31 December 2025

65,752

4,593

70,345

Net book value

At 31 December 2025

204,485

7,336

211,821

At 31 December 2024

196,447

6,684

203,131

6.	Receivables

2025

2024

£

£

Trade receivables

6,300

-

Amounts owed by group undertakings

64,900

-

Other debtors

-

1

71,200

1

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

20,429

-

Taxation and social security

41,121

38,133

Other creditors

78,147

61,590

139,697

99,723

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

48,681

11,622