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REGISTERED NUMBER: 00521938 (England and Wales)










BROWN & SONS (BRAMLEY) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






BROWN & SONS (BRAMLEY) LIMITED (REGISTERED NUMBER: 00521938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


BROWN & SONS (BRAMLEY) LIMITED (REGISTERED NUMBER: 00521938)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 507,630 577,171

CURRENT ASSETS
Stocks 1,687 1,687
Debtors 5 167,311 83,325
Cash at bank 18,793 -
187,791 85,012
CREDITORS
Amounts falling due within one year 6 165,300 249,405
NET CURRENT ASSETS/(LIABILITIES) 22,491 (164,393 )
TOTAL ASSETS LESS CURRENT LIABILITIES 530,121 412,778

PROVISIONS FOR LIABILITIES 110,092 112,437
NET ASSETS 420,029 300,341

CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Capital redemption reserve 185 185
Retained earnings 369,844 250,156
SHAREHOLDERS' FUNDS 420,029 300,341

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 22nd July 2024 and were signed on its behalf by:




A N Brown - Director



I J Brown - Director


BROWN & SONS (BRAMLEY) LIMITED (REGISTERED NUMBER: 00521938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Brown & Sons (Bramley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00521938

Registered office: Empire Mills
Bramley
Leeds
West Yorkshire
LS13 3HG

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Going concern basis of accounting
Reflecting the ongoing financial support of the parent undertaking, Alfred Brown (Worsted Mills) Limited, the directors are satisfied that the company has sufficient cash flows to continue to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements, thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents the value of services provided during the year, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 and 10% on cost
Looms- 6.67% on cost
Fixtures and fittings- 20% on cost

Stock
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


BROWN & SONS (BRAMLEY) LIMITED (REGISTERED NUMBER: 00521938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 3,111,809
Additions 56,249
At 30th November 2023 3,168,058
DEPRECIATION
At 1st December 2022 2,534,638
Charge for year 125,790
At 30th November 2023 2,660,428
NET BOOK VALUE
At 30th November 2023 507,630
At 30th November 2022 577,171

BROWN & SONS (BRAMLEY) LIMITED (REGISTERED NUMBER: 00521938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 303
Amounts owed by group undertakings 150,389 -
Other debtors 16,922 83,022
167,311 83,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 47,758
Trade creditors 39,000 36,297
Amounts owed to group undertakings - 26,663
Taxation and social security 62,125 21,351
Other creditors 64,175 117,336
165,300 249,405

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1 50,000 50,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thomas Bond ACA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

9. OTHER FINANCIAL COMMITMENTS

The Company's overdraft facility is secured by way of a right of set off with its parent Alfred Brown (Worsted Mills) Limited.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.