Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-3119The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-09-01falseNo description of principal activity22true 00589331 2022-09-01 2023-08-31 00589331 2021-09-01 2022-08-31 00589331 2023-08-31 00589331 2022-08-31 00589331 2021-09-01 00589331 c:Director3 2022-09-01 2023-08-31 00589331 d:Buildings 2022-09-01 2023-08-31 00589331 d:Buildings 2023-08-31 00589331 d:Buildings 2022-08-31 00589331 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00589331 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 00589331 d:Buildings d:LongLeaseholdAssets 2023-08-31 00589331 d:Buildings d:LongLeaseholdAssets 2022-08-31 00589331 d:PlantMachinery 2022-09-01 2023-08-31 00589331 d:PlantMachinery 2023-08-31 00589331 d:PlantMachinery 2022-08-31 00589331 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00589331 d:MotorVehicles 2022-09-01 2023-08-31 00589331 d:MotorVehicles 2023-08-31 00589331 d:MotorVehicles 2022-08-31 00589331 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00589331 d:FurnitureFittings 2022-09-01 2023-08-31 00589331 d:FurnitureFittings 2023-08-31 00589331 d:FurnitureFittings 2022-08-31 00589331 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00589331 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00589331 d:CurrentFinancialInstruments 2023-08-31 00589331 d:CurrentFinancialInstruments 2022-08-31 00589331 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00589331 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 00589331 d:ShareCapital 2023-08-31 00589331 d:ShareCapital 2022-08-31 00589331 d:RetainedEarningsAccumulatedLosses 2023-08-31 00589331 d:RetainedEarningsAccumulatedLosses 2022-08-31 00589331 c:FRS102 2022-09-01 2023-08-31 00589331 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 00589331 c:FullAccounts 2022-09-01 2023-08-31 00589331 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 00589331 2 2022-09-01 2023-08-31 00589331 6 2022-09-01 2023-08-31 00589331 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 00589331 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 00589331










B.H.BRAWN & CO. LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
B.H.BRAWN & CO.LIMITED
REGISTERED NUMBER: 00589331

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
85,950
103,253

Investments
 5 
2,256,397
2,144,879

  
2,342,347
2,248,132

Current assets
  

Stocks
 6 
175,118
125,765

Debtors: amounts falling due within one year
 7 
295,599
241,720

Cash at bank and in hand
 8 
750,139
871,285

  
1,220,856
1,238,770

Creditors: amounts falling due within one year
 9 
(634,985)
(660,921)

Net current assets
  
 
 
585,871
 
 
577,849

Total assets less current liabilities
  
2,928,218
2,825,981

Provisions for liabilities
  

Deferred tax
 10 
(20,527)
(24,792)

  
 
 
(20,527)
 
 
(24,792)

Net assets
  
2,907,691
2,801,189


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,906,691
2,800,189

  
2,907,691
2,801,189


Page 1

 
B.H.BRAWN & CO.LIMITED
REGISTERED NUMBER: 00589331
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
R J Brawn
Director

Date: 22 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

B.H. Brawn & Co. Limited is a private company limited by shares, incorporated in England and Wales. The registered office and principal place of business is 14 Bradfield Close, Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4RQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as listed below.

Depreciation is provided on the following basis:

Freehold property
-
2.5% reducing balance
Leasehold improvements
-
10% reducing balance
Plant and machinery
-
15% reducing balance or 25% straight line
Motor vehicles
-
33% reducing balance
Fixtures and fittings
-
10% or 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 5

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 6

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 22).


4.


Tangible fixed assets





Freehold property
Leasehold property improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2022
6,267
100,433
607,510
42,900
108,693
865,803


Additions
-
-
-
-
2,109
2,109



At 31 August 2023

6,267
100,433
607,510
42,900
110,802
867,912



Depreciation


At 1 September 2022
4,426
69,265
586,720
9,831
92,308
762,550


Charge for the year on owned assets
46
3,117
6,193
8,267
1,789
19,412



At 31 August 2023

4,472
72,382
592,913
18,098
94,097
781,962



Net book value



At 31 August 2023
1,795
28,051
14,597
24,802
16,705
85,950



At 31 August 2022
1,841
31,168
20,790
33,069
16,385
103,253

Page 7

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 September 2022
2,144,879


Additions
149,908


Revaluations
(35,050)


Amounts written off
(3,340)



At 31 August 2023
2,256,397





6.


Stocks

2023
2022
£
£

Raw materials and consumables
133,091
104,846

Finished goods and goods for resale
42,027
20,919

175,118
125,765



7.


Debtors

2023
2022
£
£


Trade debtors
282,756
228,799

Other debtors
300
3,420

Prepayments and accrued income
12,543
9,501

295,599
241,720



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
750,139
871,285


Page 8

 
B.H.BRAWN & CO.LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
49,906
1,667

Corporation tax
124,357
99,004

Other taxation and social security
96,752
112,124

Other creditors
357,503
442,003

Accruals and deferred income
6,467
6,123

634,985
660,921



10.


Deferred taxation




2023
2022


£

£






At beginning of year
(24,792)
(17,683)


Charged to profit or loss
4,265
(7,109)



At end of year
(20,527)
(24,792)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(20,527)
(24,792)

(20,527)
(24,792)

 
Page 9