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Company Registration No. 13259191 (England and Wales)
I.AM.S.Brown Limited Unaudited accounts for the year ended 31 March 2023
I.AM.S.Brown Limited Unaudited accounts Contents
Page
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I.AM.S.Brown Limited Company Information for the year ended 31 March 2023
Director
Mr Stephen James Brown
Company Number
13259191 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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I.AM.S.Brown Limited Accountants' report
Accountants' report to the director of I.AM.S.Brown Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of I.AM.S.Brown Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of I.AM.S.Brown Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of I.AM.S.Brown Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I.AM.S.Brown Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that I.AM.S.Brown Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of I.AM.S.Brown Limited. You consider that I.AM.S.Brown Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of I.AM.S.Brown Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 9 October 2023
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I.AM.S.Brown Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,800 
9,900 
Tangible assets
203 
- 
Investments
15,500 
15,500 
24,503 
25,400 
Current assets
Debtors
1,050 
699 
Cash at bank and in hand
84,514 
70,080 
85,564 
70,779 
Creditors: amounts falling due within one year
(38,770)
(32,531)
Net current assets
46,794 
38,248 
Net assets
71,297 
63,648 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
71,197 
63,548 
Shareholders' funds
71,297 
63,648 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Mr Stephen James Brown Director Company Registration No. 13259191
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I.AM.S.Brown Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
I.AM.S.Brown Limited is a private company, limited by shares, registered in England and Wales, registration number 13259191. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments
Investments in shares are included at fair value.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33 % straight line
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I.AM.S.Brown Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
11,000 
At 31 March 2023
11,000 
Amortisation
At 1 April 2022
1,100 
Charge for the year
1,100 
At 31 March 2023
2,200 
Net book value
At 31 March 2023
8,800 
At 31 March 2022
9,900 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
- 
Additions
243 
At 31 March 2023
243 
Depreciation
Charge for the year
40 
At 31 March 2023
40 
Net book value
At 31 March 2023
203 
6
Investments
Other investments 
£ 
Valuation at 1 April 2022
15,500 
Valuation at 31 March 2023
15,500 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,050 
699 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
17,856 
15,634 
Loans from directors
20,914 
16,897 
38,770 
32,531 
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I.AM.S.Brown Limited Notes to the Accounts for the year ended 31 March 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Stephen James Brown
Director Loan Account
(16,897)
347 
4,364 
(20,914)
(16,897)
347 
4,364 
(20,914)
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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