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REGISTERED NUMBER: 07475275 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Brown Medical Limited

Brown Medical Limited (Registered number: 07475275)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brown Medical Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: R J Brown





REGISTERED OFFICE: Suite 4 Second Floor
Honeycomb
7 - 15 Edmund Street
Liverpool
Merseyside
L3 9NG





BUSINESS ADDRESS: 17 Clos Dyffryn
Denbigh
Clwyd
LL16 4RX





REGISTERED NUMBER: 07475275 (England and Wales)





ACCOUNTANTS: RM Burke & Co
Suite 4 Second Floor
Honeycomb
7 - 15 Edmund Street
Liverpool
Merseyside
L3 9NG

Brown Medical Limited (Registered number: 07475275)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 303 945
303 945

CURRENT ASSETS
Debtors 7 32,000 32,001
Cash at bank 1,346 1,205
33,346 33,206
CREDITORS
Amounts falling due within one year 8 19,005 16,378
NET CURRENT ASSETS 14,341 16,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,644

17,773

CREDITORS
Amounts falling due after more than one
year

9

14,625

15,750
NET ASSETS 19 2,023

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17 2,021
SHAREHOLDERS' FUNDS 19 2,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Brown Medical Limited (Registered number: 07475275)

Statement of Financial Position - continued
31 December 2022


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 director and authorised for issue on 15 June 2023 and were signed by:





R J Brown - Director


Brown Medical Limited (Registered number: 07475275)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Brown Medical Limited is a private company, limited by shares , registered in England and Wales. 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.

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 2011, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Brown Medical Limited (Registered number: 07475275)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 24,000
AMORTISATION
At 1 January 2022
and 31 December 2022 24,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 24,216
DEPRECIATION
At 1 January 2022 23,271
Charge for year 642
At 31 December 2022 23,913
NET BOOK VALUE
At 31 December 2022 303
At 31 December 2021 945

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 32,000 32,001

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,500 4,500
Amounts owed to group undertakings 7,675 7,450
Taxation and social security 6,218 4,296
Other creditors 612 132
19,005 16,378

Brown Medical Limited (Registered number: 07475275)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 14,625 15,750

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
R J Brown
Balance outstanding at start of year 131 46
Amounts advanced 27,140 36,764
Amounts repaid (26,659 ) (36,679 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 612 131