John Brown 4x4 Limited 07812316 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is sale and repair of used cars and light motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true true 07812316 2022-11-01 2023-10-31 07812316 2023-10-31 07812316 core:CurrentFinancialInstruments 2023-10-31 07812316 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07812316 core:PlantMachinery 2023-10-31 07812316 bus:SmallEntities 2022-11-01 2023-10-31 07812316 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07812316 bus:FilletedAccounts 2022-11-01 2023-10-31 07812316 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07812316 bus:RegisteredOffice 2022-11-01 2023-10-31 07812316 bus:Director1 2022-11-01 2023-10-31 07812316 bus:Director2 2022-11-01 2023-10-31 07812316 bus:Director3 2022-11-01 2023-10-31 07812316 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07812316 core:PlantMachinery 2022-11-01 2023-10-31 07812316 countries:AllCountries 2022-11-01 2023-10-31 07812316 2022-10-31 07812316 core:PlantMachinery 2022-10-31 07812316 2021-11-01 2022-10-31 07812316 2022-10-31 07812316 core:CurrentFinancialInstruments 2022-10-31 07812316 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 07812316 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 07812316

John Brown 4x4 Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

image-name
 

John Brown 4x4 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

John Brown 4x4 Limited

Company Information

Directors

Mr John William Brown

Mrs Lisa Brown

Mr John Roy Brown

Registered office

Unit 3
Thorpefield Business Park , Sowerby
Thirsk
North Yorkshire
YO7 3HH

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

John Brown 4x4 Limited

(Registration number: 07812316)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

8,160

9,605

Current assets

 

Stocks

181,159

200,845

Debtors

4

381,635

334,980

Cash at bank and in hand

 

94,920

167,317

 

657,714

703,142

Creditors: Amounts falling due within one year

5

(42,492)

(100,541)

Net current assets

 

615,222

602,601

Net assets

 

623,382

612,206

Capital and reserves

 

Called up share capital

4

4

Retained earnings

623,378

612,202

Shareholders' funds

 

623,382

612,206

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

John Brown 4x4 Limited

(Registration number: 07812316)
Balance Sheet as at 31 October 2023 (continued)

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr John Roy Brown
Director

 

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

1

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 6).

 

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

3

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2022

30,479

30,479

At 31 October 2023

30,479

30,479

Depreciation

At 1 November 2022

20,874

20,874

Charge for the year

1,445

1,445

At 31 October 2023

22,319

22,319

Carrying amount

At 31 October 2023

8,160

8,160

At 31 October 2022

9,605

9,605

4

Debtors

Current

2023
£

2022
£

Other debtors

381,635

334,980

 

381,635

334,980

 

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,175

-

Taxation and social security

37,707

65,541

Accruals and deferred income

1,000

-

Other creditors

610

35,000

42,492

100,541

6

Related party transactions

Included in Other Debtors are amounts owed to the company by the directors totalling £381,636 (2022 - £334,980) and interest was charged upon this