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REGISTERED NUMBER: 04211181 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st May 2023

for

J L Brown Limited

J L Brown Limited (Registered number: 04211181)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J L Brown Limited

Company Information
for the Year Ended 31st May 2023







DIRECTOR: J L Brown





SECRETARY: Mrs M A Brown





REGISTERED OFFICE: 25 Farm Close
Rugeley
Staffordshire
WS15 2XT





REGISTERED NUMBER: 04211181 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

J L Brown Limited (Registered number: 04211181)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151 200

CURRENT ASSETS
Stocks 12,103 9,097
Cash at bank 26,450 30,734
38,553 39,831
CREDITORS
Amounts falling due within one year 5 19,073 20,926
NET CURRENT ASSETS 19,480 18,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,631

19,105

PROVISIONS FOR LIABILITIES - 38
NET ASSETS 19,631 19,067

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,629 19,065
SHAREHOLDERS' FUNDS 19,631 19,067

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

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

The director acknowledges his 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.

J L Brown Limited (Registered number: 04211181)

Balance Sheet - continued
31st May 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 director and authorised for issue on 19th January 2024 and were signed by:





J L Brown - Director


J L Brown Limited (Registered number: 04211181)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

J L Brown 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of services provided in the normal course of business.Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


J L Brown Limited (Registered number: 04211181)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2022
and 31st May 2023 5,203 2,100 7,303
DEPRECIATION
At 1st June 2022 5,189 1,914 7,103
Charge for year 3 46 49
At 31st May 2023 5,192 1,960 7,152
NET BOOK VALUE
At 31st May 2023 11 140 151
At 31st May 2022 14 186 200

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 17,140 19,146
Other creditors 1,933 1,780
19,073 20,926