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Registered Number: 07821701
England and Wales

 

 

 

HOWE NOW BROWN COW LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 63,559    40,498 
63,559    40,498 
Current assets      
Stocks 49,500    35,000 
Debtors 1,260   
Cash at bank and in hand 261,903    228,307 
312,663    263,307 
Creditors: amount falling due within one year (120,457)   (136,991)
Net current assets 192,206    126,316 
 
Total assets less current liabilities 255,765    166,814 
Creditors: amount falling due after more than one year   (6,496)
Accruals and deferred income (148,797)   (79,723)
Provisions for liabilities (239)   46 
Net assets 106,729    80,641 
 

Capital and reserves
     
Called up share capital 5 2    2 
Profit and loss account 106,727    80,639 
Shareholders' funds 106,729    80,641 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 09 September 2024 and were signed on its behalf by:


-------------------------------
Mrs Alison Howe
Director
1
General Information
Howe Now Brown Cow Ltd is a private company, limited by shares, registered in England and Wales, registration number 07821701, registration address Portaferry, Blackbrook Road, Dorking, RH5 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 115,000    115,000 
Additions  
Disposals  
At 31 December 2023 115,000    115,000 
Amortisation
At 01 January 2023 115,000    115,000 
Charge for year  
On disposals  
At 31 December 2023 115,000    115,000 
Net book values
At 31 December 2023  
At 31 December 2022  


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2023 55,778    21,308    8,962    86,048 
Additions 28,995      1,524    30,519 
Disposals      
At 31 December 2023 84,773    21,308    10,486    116,567 
Depreciation
At 01 January 2023 23,811    16,833    4,906    45,550 
Charge for year 6,245    560    653    7,458 
On disposals      
At 31 December 2023 30,056    17,393    5,559    53,008 
Net book values
Closing balance as at 31 December 2023 54,717    3,915    4,927    63,559 
Opening balance as at 01 January 2023 31,967    4,475    4,056    40,498 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

2