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REGISTERED NUMBER: 07620779 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 May 2023

for

Brown And Illingworth Limited

Brown And Illingworth Limited (Registered number: 07620779)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 2


Brown And Illingworth Limited (Registered number: 07620779)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 45,000
Tangible assets 5 88,173 38,772
128,173 83,772

CURRENT ASSETS
Debtors 67,315 55,153
Cash at bank and in hand 26,408 30,164
93,723 85,317
CREDITORS
Amounts falling due within one year 191,064 93,016
NET CURRENT LIABILITIES (97,341 ) (7,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,832

76,073

CREDITORS
Amounts falling due after more than one year (24,307 ) (32,811 )

PROVISIONS FOR LIABILITIES (5,892 ) (6,915 )
NET ASSETS 633 36,347

CAPITAL AND RESERVES
Called up share capital 6 50,100 50,100
Retained earnings (49,467 ) (13,753 )
SHAREHOLDERS' FUNDS 633 36,347

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 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2024 and were signed by:



D Brown - Director


Brown And Illingworth Limited (Registered number: 07620779)

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

1. STATUTORY INFORMATION

Brown And Illingworth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07620779

Registered office: Unit 4 The Preserving Works
Newburn Industrial Estate
Newcastle Upon Tyne
Tyne and Wear
NE15 9TU

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 represents net invoiced sales of services, excluding value added tax.

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 twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Brown And Illingworth Limited (Registered number: 07620779)

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

2. ACCOUNTING POLICIES - continued

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 are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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.

Going concern
Although current liabilities exceed current assets at the balance sheet date, the accounts have been prepared on a going concern basis because in the opinion of the director, the company will have sufficient funds available for the company's operations to continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 100,000
AMORTISATION
At 1 June 2022 55,000
Amortisation for year 5,000
At 31 May 2023 60,000
NET BOOK VALUE

At 31 May 2023 40,000
At 31 May 2022 45,000

Brown And Illingworth Limited (Registered number: 07620779)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 158,384
Additions 67,421
Disposals (37,302 )
At 31 May 2023 188,503
DEPRECIATION
At 1 June 2022 119,612
Charge for year 14,017
Eliminated on disposal (33,299 )
At 31 May 2023 100,330
NET BOOK VALUE
At 31 May 2023 88,173
At 31 May 2022 38,772

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2022
and 31 May 2023 27,341
DEPRECIATION
At 1 June 2022 18,451
Charge for year 2,223
At 31 May 2023 20,674
NET BOOK VALUE
At 31 May 2023 6,667
At 31 May 2022 8,890

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
50,100 Ordinary £1 50,100 50,100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year rent of £28,600 (2022 - £28,600) was paid to the director.