A & R Brown Limited 11242326 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is rearing of poultry. Digita Accounts Production Advanced 6.30.9574.0 true 11242326 2022-04-01 2023-03-31 11242326 2023-03-31 11242326 core:RetainedEarningsAccumulatedLosses 2023-03-31 11242326 core:ShareCapital 2023-03-31 11242326 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11242326 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11242326 bus:SmallEntities 2022-04-01 2023-03-31 11242326 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11242326 bus:FullAccounts 2022-04-01 2023-03-31 11242326 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11242326 bus:RegisteredOffice 2022-04-01 2023-03-31 11242326 bus:Director1 2022-04-01 2023-03-31 11242326 bus:Director2 2022-04-01 2023-03-31 11242326 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11242326 core:LandBuildings 2022-04-01 2023-03-31 11242326 core:PlantMachinery 2022-04-01 2023-03-31 11242326 core:Vehicles 2022-04-01 2023-03-31 11242326 countries:AllCountries 2022-04-01 2023-03-31 11242326 2022-03-31 11242326 2021-04-01 2022-03-31 11242326 2022-03-31 11242326 core:RetainedEarningsAccumulatedLosses 2022-03-31 11242326 core:ShareCapital 2022-03-31 11242326 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11242326 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11242326

A & R Brown Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

A & R Brown Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

A & R Brown Limited

(Registration number: 11242326)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

371,932

398,166

Current assets

 

Stocks

117,331

111,276

Debtors

181,950

181,002

Cash at bank and in hand

 

237,082

142,622

 

536,363

434,900

Creditors: Amounts falling due within one year

5

(525,043)

(583,211)

Net current assets/(liabilities)

 

11,320

(148,311)

Total assets less current liabilities

 

383,252

249,855

Creditors: Amounts falling due after more than one year

6

(32,614)

(80,114)

Provisions for liabilities

(47,886)

(52,629)

Net assets

 

302,752

117,112

Capital and reserves

 

Called up share capital

102

102

Profit and loss account

302,650

117,010

Total equity

 

302,752

117,112

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 27 November 2023 and signed on its behalf by:
 

Mrs R Brown

Director

Mr A Brown

Director

 

A & R Brown Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
Higher Ash Farm
Fenny Bridges
Honiton
Devon
EX14 3BL

These financial statements were authorised for issue by the Board on 27 November 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.


 

A & R Brown Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the statement of financial position 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

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:

Asset class

Depreciation method and rate

Land and buildings

5% Straight line

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Stocks

Stocks 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Biological assets

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

A & R Brown Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2022

809,638

Additions

63,321

At 31 March 2023

872,959

Depreciation

At 1 April 2022

411,472

Charge for the year

89,555

At 31 March 2023

501,027

Carrying amount

At 31 March 2023

371,932

At 31 March 2022

398,166

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £85,251 (2021 - £70,174).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £80,114 (2021 - £117,015).