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Company Registration No. NI045957 (Northern Ireland)
J B BROWN LTD Unaudited accounts for the year ended 31 December 2023
J B BROWN LTD Unaudited accounts Contents
Page
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J B BROWN LTD Company Information for the year ended 31 December 2023
Directors
Mr Andrew Davidson Mr Simon Davidson
Company Number
NI045957 (Northern Ireland)
Registered Office
47 Lisburn Road BALLYNAHINCH County Down BT24 8TT United Kingdom
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J B BROWN LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,961 
17,212 
Current assets
Inventories
750,000 
715,000 
Debtors
152,532 
114,894 
Cash at bank and in hand
139,037 
226,988 
1,041,569 
1,056,882 
Creditors: amounts falling due within one year
(577,445)
(584,151)
Net current assets
464,124 
472,731 
Total assets less current liabilities
490,085 
489,943 
Provisions for liabilities
Deferred tax
(1,892)
(1,892)
Net assets
488,193 
488,051 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
483,193 
483,051 
Shareholders' funds
488,193 
488,051 
For the year ending 31 December 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 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 the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by
Mr Andrew Davidson Director Company Registration No. NI045957
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J B BROWN LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
J B BROWN LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI045957. The registered office is 47 Lisburn Road, BALLYNAHINCH, County Down, BT24 8TT, 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.
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:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
10% Reducing Balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
58,636 
Additions
13,330 
At 31 December 2023
71,966 
Depreciation
At 1 January 2023
41,424 
Charge for the year
4,581 
At 31 December 2023
46,005 
Net book value
At 31 December 2023
25,961 
At 31 December 2022
17,212 
5
Average number of employees
During the year the average number of employees was 15 (2022: 13).
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