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REGISTERED NUMBER: SC010988 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Edmiston, Brown & Company Limited

Edmiston, Brown & Company Limited (Registered number: SC010988)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edmiston, Brown & Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Lister
Mrs C Lister





REGISTERED OFFICE: Barlanark House
11 Shotts Street
Queenslie Industrial Estate
G33 4DZ





REGISTERED NUMBER: SC010988 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Edmiston, Brown & Company Limited (Registered number: SC010988)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,981 85,200

CURRENT ASSETS
Stocks 39,087 50,982
Debtors 5 79,042 256,368
Cash at bank and in hand 244,501 74,568
362,630 381,918
CREDITORS
Amounts falling due within one year 6 230,098 288,101
NET CURRENT ASSETS 132,532 93,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,513

179,017

PROVISIONS FOR LIABILITIES 27,995 21,171
NET ASSETS 216,518 157,846

CAPITAL AND RESERVES
Called up share capital 48,579 48,579
Capital redemption reserve 8,579 8,579
Retained earnings 159,360 100,688
SHAREHOLDERS' FUNDS 216,518 157,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Edmiston, Brown & Company Limited (Registered number: SC010988)

Balance Sheet - continued
31 March 2024


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 31 July 2024 and were signed on its behalf by:





C Lister - Director


Edmiston, Brown & Company Limited (Registered number: SC010988)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Edmiston, Brown & Company Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Impairment of fixed assets

At each reporting period end date the company reviews the carrying amounts of its tangible fixed assets
to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated in order to determine the extent of the impairment loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Edmiston, Brown & Company Limited (Registered number: SC010988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 7,372 6,893 147,323 161,588
Additions - - 69,208 69,208
Disposals - - (37,635 ) (37,635 )
At 31 March 2024 7,372 6,893 178,896 193,161
DEPRECIATION
At 1 April 2023 6,294 5,867 64,227 76,388
Charge for year 890 297 35,751 36,938
Eliminated on disposal - - (32,146 ) (32,146 )
At 31 March 2024 7,184 6,164 67,832 81,180
NET BOOK VALUE
At 31 March 2024 188 729 111,064 111,981
At 31 March 2023 1,078 1,026 83,096 85,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 39,475 110,101
Other debtors 39,567 146,267
79,042 256,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 153,909 189,026
Taxation and social security 60,400 21,116
Other creditors 15,789 77,959
230,098 288,101