Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseConstruction activities22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07171802 2022-04-01 2023-03-31 07171802 2021-04-01 2022-03-31 07171802 2023-03-31 07171802 2022-03-31 07171802 c:Director1 2022-04-01 2023-03-31 07171802 d:PlantMachinery 2022-04-01 2023-03-31 07171802 d:PlantMachinery 2023-03-31 07171802 d:PlantMachinery 2022-03-31 07171802 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07171802 d:MotorVehicles 2022-04-01 2023-03-31 07171802 d:MotorVehicles 2023-03-31 07171802 d:MotorVehicles 2022-03-31 07171802 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07171802 d:OfficeEquipment 2022-04-01 2023-03-31 07171802 d:OfficeEquipment 2023-03-31 07171802 d:OfficeEquipment 2022-03-31 07171802 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07171802 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07171802 d:Goodwill 2022-04-01 2023-03-31 07171802 d:Goodwill 2023-03-31 07171802 d:Goodwill 2022-03-31 07171802 d:CurrentFinancialInstruments 2023-03-31 07171802 d:CurrentFinancialInstruments 2022-03-31 07171802 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07171802 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07171802 d:ShareCapital 2023-03-31 07171802 d:ShareCapital 2022-03-31 07171802 d:RetainedEarningsAccumulatedLosses 2023-03-31 07171802 d:RetainedEarningsAccumulatedLosses 2022-03-31 07171802 c:FRS102 2022-04-01 2023-03-31 07171802 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07171802 c:FullAccounts 2022-04-01 2023-03-31 07171802 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07171802










BROWNLOW BUILDING SUPPLIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
BROWNLOW BUILDING SUPPLIES LIMITED
REGISTERED NUMBER: 07171802

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
4,900
5,781

  
4,900
5,781

Current assets
  

Debtors: amounts falling due within one year
 6 
1,891
7,225

Cash at bank and in hand
  
6,513
4,793

  
8,404
12,018

Creditors: amounts falling due within one year
 7 
(572,149)
(502,098)

Net current liabilities
  
 
 
(563,745)
 
 
(490,080)

Total assets less current liabilities
  
(558,845)
(484,299)

  

Net liabilities
  
(558,845)
(484,299)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(558,945)
(484,399)

  
(558,845)
(484,299)


Page 1

 
BROWNLOW BUILDING SUPPLIES LIMITED
REGISTERED NUMBER: 07171802
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges his 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 comprehensive income 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: 




P B O'Sullivan
Director

Date: 7 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BROWNLOW BUILDING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Brownlow Building Supplies Limited is a private company, limited by shares, incorporated in England and Wales, registration number 07171802. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

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 financial statements are prepared in pounds sterling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 31 March 2023, the Company records net current liabilities of £563,745 (2022: £490,080) and total net liabilities of £558,845 (2022: £484,299). The financial statements have been prepared on a going concern basis. The director considers that the basis is appropriate for the following reason:
The director has indicated his willingness and ability to support the company in order that it is able to meet its working capital requirements for at least one year from the date of approval of these financial statements.

 
2.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BROWNLOW BUILDING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
15%
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.

 
2.7

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.

Page 4

 
BROWNLOW BUILDING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

Page 5

 
BROWNLOW BUILDING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
BROWNLOW BUILDING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£





At 1 April 2022
5,000


Disposals
(5,000)



At 31 March 2023

-





At 1 April 2022
5,000


On disposals
(5,000)



At 31 March 2023

-



Net book value



At 31 March 2023
-



At 31 March 2022
-




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
10,773
1,646
4,891
17,310



At 31 March 2023

10,773
1,646
4,891
17,310



Depreciation


At 1 April 2022
6,114
1,590
3,825
11,529


Charge for the year on owned assets
705
14
162
881



At 31 March 2023

6,819
1,604
3,987
12,410



Net book value



At 31 March 2023
3,954
42
904
4,900



At 31 March 2022
4,659
56
1,066
5,781

Page 7

 
BROWNLOW BUILDING SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
-
1,636

Other debtors
1,388
4,891

Prepayments and accrued income
503
698

1,891
7,225



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,492
10,470

Amounts owed to group undertakings
430
350

Other taxation and social security
852
359

Other creditors
549,175
482,719

Accruals and deferred income
13,200
8,200

572,149
502,098



8.


Parent undertaking

The parent company is Brownlow Holdings Limited whose registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

 
Page 8