REGISTERED NUMBER: 06120135 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Brennan Plumbing & Heating Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

3,500

5,250

Tangible assets

5

30,142

37,679

33,642

42,929

CURRENT ASSETS

Stocks

11,664

11,664

Debtors

6

149,721

150,883

Cash at bank and in hand

33,821

25,619

195,206

188,166

CREDITORS

Amounts falling due within one year

7

155,207

160,593

NET CURRENT ASSETS

39,999

27,573

TOTAL ASSETS LESS CURRENT LIABILITIES

73,641

70,502

CREDITORS

Amounts falling due after more than one year

8

991

4,957

NET ASSETS

72,650

65,545

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

72,550

65,445

SHAREHOLDERS' FUNDS

72,650

65,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

D Brennan - Director

J K G Brennan - Director

1.	STATUTORY INFORMATION

Brennan Plumbing & Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06120135

Registered office:

35 Chafen Road

Bitterne Manor

Southampton

Hampshire

SO18 1BD

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

35,000

AMORTISATION

At 1 March 2024

29,750

Charge for year

1,750

At 28 February 2025

31,500

NET BOOK VALUE

At 28 February 2025

3,500

At 29 February 2024

5,250

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2024

20,073

80,117

100,190

Additions

2,084

-

2,084

At 28 February 2025

22,157

80,117

102,274

DEPRECIATION

At 1 March 2024

15,358

47,153

62,511

Charge for year

1,380

8,241

9,621

At 28 February 2025

16,738

55,394

72,132

NET BOOK VALUE

At 28 February 2025

5,419

24,723

30,142

At 29 February 2024

4,715

32,964

37,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

148,221

149,733

Other debtors

1,500

1,150

149,721

150,883

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,966

3,966

Trade creditors

21,763

36,294

Taxation and social security

52,559

44,354

Other creditors

76,919

75,979

155,207

160,593

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

991

4,957