GEORGE BROWN (STURTON) LIMITED

Company Registration Number:
00930420 (England and Wales)

Unaudited abridged accounts for the year ended 05 April 2023

Period of accounts

Start date: 06 April 2022

End date: 05 April 2023

GEORGE BROWN (STURTON) LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2023

Balance sheet
Notes

GEORGE BROWN (STURTON) LIMITED

Balance sheet

As at 05 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 407,785 326,025
Investments: 4 5 5
Total fixed assets: 407,790 326,030
Current assets
Stocks: 268,323 204,460
Debtors:   29,175 55,015
Cash at bank and in hand: 198,311 74,561
Total current assets: 495,809 334,036
Creditors: amounts falling due within one year:   (263,906) (245,095)
Net current assets (liabilities): 231,903 88,941
Total assets less current liabilities: 639,693 414,971
Creditors: amounts falling due after more than one year:   (87,742) (113,172)
Provision for liabilities: (74,342) (40,966)
Total net assets (liabilities): 477,609 260,833
Capital and reserves
Called up share capital: 20,000 20,000
Profit and loss account: 457,609 240,833
Shareholders funds: 477,609 260,833

The notes form part of these financial statements

GEORGE BROWN (STURTON) LIMITED

Balance sheet statements

For the year ending 5 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 September 2023
and signed on behalf of the board by:

Name: Jean Ann Brown
Status: Director

The notes form part of these financial statements

GEORGE BROWN (STURTON) LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives as follows: Vehicles, plant and machinery: 25% reducing balance basis.

Other accounting policies

TAX The tax expense for the period comprises current and deferred tax. The current tax charge is calculated on the basis of tax rates applicable at the reporting date. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates that have been enacted by the reporting date and that are expected to apply to the reversal of the timing difference.STOCKSStocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

GEORGE BROWN (STURTON) LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

GEORGE BROWN (STURTON) LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2023

3. Tangible Assets

Total
Cost £
At 06 April 2022 568,004
Additions 138,396
Disposals (6,000)
At 05 April 2023 700,400
Depreciation
At 06 April 2022 241,979
Charge for year 56,636
On disposals (6,000)
At 05 April 2023 292,615
Net book value
At 05 April 2023 407,785
At 05 April 2022 326,025

GEORGE BROWN (STURTON) LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2023

4. Fixed investments

Investments are measured at cost less impairment.

GEORGE BROWN (STURTON) LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2023

5. Related party transactions

Name of the related party: Jean Ann brown
Relationship:
Director
Description of the Transaction: Non term current account - amount owing to director at year end
£
Balance at 06 April 2022 9,515
Balance at 05 April 2023 18,115
Name of the related party: Emma Bradley
Relationship:
Director
Description of the Transaction: Non term current account - amount owing to director at year end.
£
Balance at 06 April 2022 59,004
Balance at 05 April 2023 46,610

Dividends paid to directors:Jean Ann Brown £8,600 (2022 £8,600)Emma Bradley £12,900 (2022 £12,900)