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REGISTERED NUMBER: 06303545 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

KRA BROWN ELECTRICAL SERVICES LIMITED

KRA BROWN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 06303545)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRA BROWN ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K R Brown
A C Brown
J Brown
C Holmewood





SECRETARY: K R Brown





REGISTERED OFFICE: St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ





REGISTERED NUMBER: 06303545 (England and Wales)





ACCOUNTANTS: The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ

KRA BROWN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 06303545)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,900 49,875
Tangible assets 5 375,834 372,719
Investments 6 208,459 208,459
624,193 631,053

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 7 1,078,930 963,472
Cash at bank 291,584 184,304
1,375,514 1,152,776
CREDITORS
Amounts falling due within one year 8 606,567 659,496
NET CURRENT ASSETS 768,947 493,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,393,140

1,124,333

CREDITORS
Amounts falling due after more than one
year

9

(296,227

)

(324,961

)

PROVISIONS FOR LIABILITIES (32,062 ) (22,098 )
NET ASSETS 1,064,851 777,274

CAPITAL AND RESERVES
Called up share capital 11 1,200 1,200
Retained earnings 1,063,651 776,074
SHAREHOLDERS' FUNDS 1,064,851 777,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KRA BROWN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 06303545)

BALANCE SHEET - continued
31 JULY 2023


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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




K R Brown - Director



A C Brown - Director


KRA BROWN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 06303545)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

KRA Brown Electrical Services 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.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Revenue is recognised when the company becomes entitled to it - usually on the rendering of an invoice.

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 twenty years.

Intangible assets
Intangible assets comprise the costs of developing electrical safety management software for the electrical industry.

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 reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and net estimated selling price less costs. In determining the cost of stock the average cost price is used.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts or finance lease contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

KRA BROWN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 06303545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 199,500
AMORTISATION
At 1 August 2022 149,625
Charge for year 9,975
At 31 July 2023 159,600
NET BOOK VALUE
At 31 July 2023 39,900
At 31 July 2022 49,875

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 4,420 643,918 648,338
Additions - 122,246 122,246
Disposals - (75,409 ) (75,409 )
At 31 July 2023 4,420 690,755 695,175
DEPRECIATION
At 1 August 2022 1,424 274,195 275,619
Charge for year 295 103,252 103,547
Eliminated on disposal - (59,825 ) (59,825 )
At 31 July 2023 1,719 317,622 319,341
NET BOOK VALUE
At 31 July 2023 2,701 373,133 375,834
At 31 July 2022 2,996 369,723 372,719

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 208,459
NET BOOK VALUE
At 31 July 2023 208,459
At 31 July 2022 208,459

KRA BROWN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 06303545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. FIXED ASSET INVESTMENTS - continued

The company's investments at the balance sheet date includes the following subsidiary:

Batching & Blending Systems Limited
Registered office: St James's House, 8 Overcliffe, Gravesend, Kent, United Kingdom, DA11 0HJ
Nature of business: Manufacture of electronic industrial process control equipment

Class of shares No. of shares % holding
Ordinary 1,000 100%

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 826,759 775,500
Amounts owed by group undertakings 145,661 21,079
Other debtors 106,510 166,893
1,078,930 963,472

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,835 30,542
Hire purchase contracts 75,551 65,706
Trade creditors 156,000 141,101
Taxation and social security 269,755 284,698
Other creditors 74,426 137,449
606,567 659,496

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 41,758 72,266
Hire purchase contracts 254,469 252,695
296,227 324,961

10. SECURED DEBTS

HSBC UK Bank plc holds a fixed and floating charge over all the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
660 Ordinary £1 660 660
300 Ordinary B £1 300 300
240 Ordinary D £1 240 240
1,200 1,200

12. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £375,667 (2022: £293,333).