Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC493626 Mr Christopher Brown Mrs Michelle Brown directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC493626 2022-12-31 SC493626 2023-12-31 SC493626 2023-01-01 2023-12-31 SC493626 frs-core:CurrentFinancialInstruments 2023-12-31 SC493626 frs-core:Non-currentFinancialInstruments 2023-12-31 SC493626 frs-core:ComputerEquipment 2023-12-31 SC493626 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC493626 frs-core:ComputerEquipment 2022-12-31 SC493626 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC493626 frs-core:ShareCapital 2023-12-31 SC493626 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC493626 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC493626 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC493626 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC493626 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC493626 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC493626 1 2023-01-01 2023-12-31 SC493626 frs-bus:Director1 2023-01-01 2023-12-31 SC493626 frs-bus:Director2 2023-01-01 2023-12-31 SC493626 frs-bus:Director2 2022-12-31 SC493626 frs-bus:Director2 2023-12-31 SC493626 frs-countries:Scotland 2023-01-01 2023-12-31 SC493626 2021-12-31 SC493626 2022-12-31 SC493626 2022-01-01 2022-12-31 SC493626 frs-core:CurrentFinancialInstruments 2022-12-31 SC493626 frs-core:Non-currentFinancialInstruments 2022-12-31 SC493626 frs-core:ShareCapital 2022-12-31 SC493626 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC493626
Chris Brown Joinery Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: SC493626
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77 121
77 121
CURRENT ASSETS
Stocks 5 18,750 11,228
Debtors 6 16,299 24,483
Cash at bank and in hand 17,263 14,853
52,312 50,564
Creditors: Amounts Falling Due Within One Year 7 (31,345 ) (27,162 )
NET CURRENT ASSETS (LIABILITIES) 20,967 23,402
TOTAL ASSETS LESS CURRENT LIABILITIES 21,044 23,523
Creditors: Amounts Falling Due After More Than One Year 8 (20,400 ) (22,557 )
NET ASSETS 644 966
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 544 866
SHAREHOLDERS' FUNDS 644 966
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Michelle Brown
Director
10/06/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chris Brown Joinery Limited is a private company, limited by shares, incorporated in Scotland, registered number SC493626 . The registered office is 47 Cleghorn Drive, Broxburn, West Lothian, EH52 6EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 178
As at 31 December 2023 178
Depreciation
As at 1 January 2023 57
Provided during the period 44
As at 31 December 2023 101
Net Book Value
As at 31 December 2023 77
As at 1 January 2023 121
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5. Stocks
2023 2022
£ £
Work in progress 18,750 11,228
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,655 769
Directors' loan accounts 14,644 23,714
16,299 24,483
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,148 10,211
Bank loans and overdrafts 3,834 3,573
Corporation tax 4,584 3,340
Other taxes and social security - 101
VAT 13,678 9,937
Other creditors 101 -
31,345 27,162
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,400 22,557
20,400 22,557
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Christopher Brown 23,714 - 9,250 - 14,464
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
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2023 2022
£ £
Mrs Michelle Brown 10,000 7,000
Mr Christopher Brown 10,000 7,000
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 20,000 14,000
20,000 14,000
12. Ultimate Controlling Party
The company's ultimate controlling party is directors by virtue of his ownership of 100% of the issued share capital in the company.
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