Pat Brennan Pipe Fitters Ltd
Pat Brennan Pipe Fitters Ltd
Registered number: 05642865
Unaudited Financial Statements
For The Year Ended
31 December 2022
Accounting People Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Pat Brennan Pipe Fitters Ltd
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Pat Brennan Pipe Fitters Ltd
Balance Sheet
As at
31 December 2022
Balance Sheet
Registered number:
05642865
For the year ending 31 December 2022 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.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,221,774 | 1,049,139 | |||
Pat Brennan Pipe Fitters Ltd
Balance Sheet (continued)
As at
31 December 2022
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
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Pat Brennan Pipe Fitters Ltd
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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.
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.
1.3.
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:
| Plant & Machinery |
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| Motor Vehicles |
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| Computer Equipment |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2021: 2)
3.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
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| Cost | ||||
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| Additions |
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| Depreciation | ||||
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| Net Book Value | ||||
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Pat Brennan Pipe Fitters Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
4.
Debtors
| 2022 | 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| VAT |
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5.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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7.
Dividends
| 2022 | 2021 | ||
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 176,600 | 82,852 | ||
8.
General Information
Pat Brennan Pipe Fitters Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
05642865
. The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, HA7 1JS.