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Registration number: 08460314

Larmer Brown Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Larmer Brown Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Larmer Brown Limited

(Registration number: 08460314)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,420

342

Current assets

 

Debtors

5

74,052

244,523

Cash at bank and in hand

 

7,259

27,559

 

81,311

272,082

Creditors: Amounts falling due within one year

6

(568,465)

(774,315)

Net current liabilities

 

(487,154)

(502,233)

Total assets less current liabilities

 

(484,734)

(501,891)

Creditors: Amounts falling due after more than one year

6

(22,000)

-

Net liabilities

 

(506,734)

(501,891)

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

(516,734)

(511,891)

Shareholders' deficit

 

(506,734)

(501,891)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

 

Larmer Brown Limited

(Registration number: 08460314)
Balance Sheet as at 30 November 2023

.........................................
J C Brown
Director

 

Larmer Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

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 provision of computer training services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax payable.

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.

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.

 

Larmer Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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

Furniture and fittings

25% straight line basis per annum

Office equipment

33.3% straight line basis per annum

Research and development

Research and development expenditure is written off as incurred.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for computer training services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2022 - 8).

 

Larmer Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

15,724

18,694

34,418

Additions

-

3,057

3,057

At 30 November 2023

15,724

21,751

37,475

Depreciation

At 1 December 2022

15,724

18,352

34,076

Charge for the year

-

979

979

At 30 November 2023

15,724

19,331

35,055

Carrying amount

At 30 November 2023

-

2,420

2,420

At 30 November 2022

-

342

342

5

Debtors

Current

2023
£

2022
£

Trade debtors

3,825

176,625

Prepayments

55,405

54,676

Other debtors

14,822

13,222

 

74,052

244,523

 

Larmer Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

139,641

10,839

Amounts owed to group undertakings

83,577

49,265

Taxation and social security

159,206

291,828

Other creditors

186,041

422,383

568,465

774,315

Due after one year

Loans and borrowings

22,000

-

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

22,000

-

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Other borrowings

22,000

-

 

Larmer Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Related party transactions

Transactions with the director

2023

At 1 December 2022
£

At 30 November 2023
£

J C Brown

Movement during the year

13,222

13,222

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

J C Brown

Movement during the year

18,154

8,318

(13,250)

13,222

9

Parent and ultimate parent undertaking

The company's immediate parent is Envirosound Holdings Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House.