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REGISTERED NUMBER: 07217163 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

DRAYCOTT BROWNE LIMITED

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAYCOTT BROWNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S D Draycott
R Mann
Ms W Zhou





SECRETARY: Mrs F L Cunningham





REGISTERED OFFICE: 12 Oxford Court
Manchester
M2 3WQ





REGISTERED NUMBER: 07217163 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,594 63,452
47,594 63,452

CURRENT ASSETS
Debtors 6 1,282,735 1,239,075

CREDITORS
Amounts falling due within one year 7 882,413 763,941
NET CURRENT ASSETS 400,322 475,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,916

538,586

CREDITORS
Amounts falling due after more than one year 8 (348,303 ) (403,998 )

PROVISIONS FOR LIABILITIES (279 ) (250 )
NET ASSETS 99,334 134,338

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 99,332 134,336
SHAREHOLDERS' FUNDS 99,334 134,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





S D Draycott - Director


DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

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

1. STATUTORY INFORMATION

Draycott Browne 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

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

2. ACCOUNTING POLICIES - continued

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 813,335
AMORTISATION
At 1 June 2022
and 31 May 2023 813,335
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 77,805 80,562 40,977 199,344
DEPRECIATION
At 1 June 2022 16,339 78,576 40,977 135,892
Charge for year 15,561 297 - 15,858
At 31 May 2023 31,900 78,873 40,977 151,750
NET BOOK VALUE
At 31 May 2023 45,905 1,689 - 47,594
At 31 May 2022 61,466 1,986 - 63,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 491,678 771,273
Other debtors 791,057 467,802
1,282,735 1,239,075

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 460,328 296,743
Trade creditors 71,193 50,579
Taxation and social security 277,430 386,150
Other creditors 73,462 30,469
882,413 763,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans 204,303 203,998
Other creditors 144,000 200,000
348,303 403,998

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Bank overdrafts 90,909 34,158
Bank loans 573,722 466,583
664,631 500,741

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31/5/23 31/5/22
£    £   
S D Draycott
Balance outstanding at start of year 195,723 194,373
Amounts advanced 467,423 201,350
Amounts repaid (200,000 ) (200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 463,146 195,723

R Mann
Balance outstanding at start of year - -
Amounts advanced 99,779 30,499
Amounts repaid (100,000 ) (30,499 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (221 ) -

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

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

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £300,000 (2022 - £230,499) were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Draycott.