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BROWNS OF LIVERSEDGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

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


BROWNS OF LIVERSEDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Brown





REGISTERED OFFICE: Fairfax House, 6A Mill Field Road
Cottingley Business Park
Cottingley
BINGLEY
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 05741027 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,294 9,579
7,294 9,579

CURRENT ASSETS
Stocks 114,014 106,675
Debtors 6 84,424 70,725
Cash at bank and in hand 103,738 147,365
302,176 324,765
CREDITORS
Amounts falling due within one year 7 210,917 210,704
NET CURRENT ASSETS 91,259 114,061
TOTAL ASSETS LESS CURRENT LIABILITIES 98,553 123,640

CREDITORS
Amounts falling due after more than one
year

8

-

(25,000

)

PROVISIONS FOR LIABILITIES 9 (1,386 ) (1,806 )
NET ASSETS 97,167 96,834

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 97,067 96,734
SHAREHOLDERS' FUNDS 97,167 96,834

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 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.

BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





M Brown - Director


BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Browns of Liversedge 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 48,000
AMORTISATION
At 1 April 2023
and 31 March 2024 48,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 3,365 3,000 30,833 1,910 39,108
DEPRECIATION
At 1 April 2023 1,086 2,637 24,362 1,444 29,529
Charge for year 342 54 1,618 271 2,285
At 31 March 2024 1,428 2,691 25,980 1,715 31,814
NET BOOK VALUE
At 31 March 2024 1,937 309 4,853 195 7,294
At 31 March 2023 2,279 363 6,471 466 9,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 82,408 68,759
Prepayments 2,016 1,966
84,424 70,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 3,335 4,310
Tax 751 1,384
Social security and other taxes 655 499
VAT 23,246 24,514
Other creditors 1,995 157
Directors' current accounts 177,435 166,475
Accrued expenses 3,500 3,365
210,917 210,704

Loans from directors are interest free and repayable on demand.

BROWNS OF LIVERSEDGE LIMITED (REGISTERED NUMBER: 05741027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 15,000
- 25,000

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,386 1,806

Deferred
tax
£   
Balance at 1 April 2023 1,806
Accelerated capital allowances (420 )
Balance at 31 March 2024 1,386

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

11. ULTIMATE CONTROLLING PARTY

The director has ultimate control of the company due to owning the issued share capital.