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D & M BROWNLEE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2022






D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

D & M BROWNLEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2022







DIRECTOR: Mr D W Brownlee





SECRETARY: D S Raven





REGISTERED OFFICE: Charter House
103 - 105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL





REGISTERED NUMBER: 05759090 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)

BALANCE SHEET
31ST JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,127 15,361
16,127 15,361

CURRENT ASSETS
Stocks 9,500 8,000
Debtors 6 28,844 34,969
Cash at bank and in hand 7,759 41,252
46,103 84,221
CREDITORS
Amounts falling due within one year 7 64,358 49,512
NET CURRENT (LIABILITIES)/ASSETS (18,255 ) 34,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,128

)

50,070

CREDITORS
Amounts falling due after more than one
year

8

(37,500

)

(48,333

)

PROVISIONS FOR LIABILITIES - (1,422 )
NET (LIABILITIES)/ASSETS (39,628 ) 315

D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)

BALANCE SHEET - continued
31ST JULY 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (39,778 ) 165
SHAREHOLDERS' FUNDS (39,628 ) 315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 director and authorised for issue on 24th October 2023 and were signed by:





D S Raven - Director


D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2022

1. STATUTORY INFORMATION

D & M Brownlee 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. 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.

The accounts have been drawn up on the going concern basis. Of the company's liabilities, £40,183 (2021: £16,592) is owed to the director. The director has agreed not to seek repayment of these debts until the company has sufficient funds to trade for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets.

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 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 - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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


D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2022

2. ACCOUNTING POLICIES - continued
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2021
and 31st July 2022 30,000
AMORTISATION
At 1st August 2021
and 31st July 2022 30,000
NET BOOK VALUE
At 31st July 2022 -
At 31st July 2021 -

D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2021 26,392 10,636 35,221 1,250 73,499
Additions 4,098 - 500 - 4,598
Disposals (5,195 ) - (500 ) - (5,695 )
At 31st July 2022 25,295 10,636 35,221 1,250 72,402
DEPRECIATION
At 1st August 2021 22,253 5,281 29,771 833 58,138
Charge for year 1,037 535 1,425 417 3,414
Eliminated on disposal (5,058 ) - (219 ) - (5,277 )
At 31st July 2022 18,232 5,816 30,977 1,250 56,275
NET BOOK VALUE
At 31st July 2022 7,063 4,820 4,244 - 16,127
At 31st July 2021 4,139 5,355 5,450 417 15,361

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 21,023 27,520
Other debtors 4,750 4,500
VAT 9 -
Prepayments 3,062 2,949
28,844 34,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 1,667
Trade creditors 10,900 16,193
Corporation tax 1,346 13,354
Social security and other taxes 901 780
Directors' current accounts 40,183 16,592
Accrued expenses 1,028 926
64,358 49,512

D & M BROWNLEE LIMITED (REGISTERED NUMBER: 05759090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans due in 1 to 2 years 10,000 10,000
Bank loans due in 2 to 5 years 27,500 30,000
Bank loans due in more than 5 years - 8,333
37,500 48,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years - 8,333

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.

D & M BROWNLEE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
D & M BROWNLEE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2022 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


24th October 2023