Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00198299 Mr T J Browning Mr R R Cole iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00198299 2022-12-31 00198299 2023-12-31 00198299 2023-01-01 2023-12-31 00198299 frs-core:CurrentFinancialInstruments 2023-12-31 00198299 frs-core:Non-currentFinancialInstruments 2023-12-31 00198299 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 00198299 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00198299 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 00198299 frs-core:MotorVehicles 2023-12-31 00198299 frs-core:MotorVehicles 2023-01-01 2023-12-31 00198299 frs-core:MotorVehicles 2022-12-31 00198299 frs-core:PlantMachinery 2023-12-31 00198299 frs-core:PlantMachinery 2023-01-01 2023-12-31 00198299 frs-core:PlantMachinery 2022-12-31 00198299 frs-core:CapitalRedemptionReserve 2023-12-31 00198299 frs-core:ShareCapital 2023-12-31 00198299 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00198299 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00198299 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00198299 frs-bus:SmallEntities 2023-01-01 2023-12-31 00198299 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00198299 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00198299 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 00198299 frs-bus:OrdinaryShareClass1 2023-12-31 00198299 frs-bus:PreferenceShareClass1 2023-01-01 2023-12-31 00198299 frs-bus:PreferenceShareClass1 2023-12-31 00198299 frs-core:CostValuation 2022-12-31 00198299 frs-core:CostValuation 2023-12-31 00198299 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 00198299 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 00198299 frs-core:UnlistedNon-exchangeTraded 2023-12-31 00198299 frs-core:UnlistedNon-exchangeTraded 2022-12-31 00198299 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 00198299 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 00198299 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 00198299 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 00198299 frs-bus:Director1 2023-01-01 2023-12-31 00198299 frs-bus:Director1 2022-12-31 00198299 frs-bus:Director1 2023-12-31 00198299 frs-bus:Director2 2023-01-01 2023-12-31 00198299 frs-countries:EnglandWales 2023-01-01 2023-12-31 00198299 2021-12-31 00198299 2022-12-31 00198299 2022-01-01 2022-12-31 00198299 frs-core:CurrentFinancialInstruments 2022-12-31 00198299 frs-core:Non-currentFinancialInstruments 2022-12-31 00198299 frs-core:CapitalRedemptionReserve 2022-12-31 00198299 frs-core:ShareCapital 2022-12-31 00198299 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 00198299 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 00198299 frs-bus:PreferenceShareClass1 2022-01-01 2022-12-31
Registered number: 00198299
Browning Jones & Morris Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Browning Jones & Morris Limited For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Browning Jones & Morris Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Browning Jones & Morris Limited , as a body, in accordance with the terms of our engagement letter dated 23 April 2007. Our work has been undertaken solely to prepare for your approval the accounts of Browning Jones & Morris Limited and state those matters that we have agreed to state to the directors of Browning Jones & Morris Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Browning Jones & Morris Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Browning Jones & Morris Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Browning Jones & Morris Limited . You consider that Browning Jones & Morris Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Browning Jones & Morris Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
3 September 2024
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Page 1
Page 2
Balance Sheet
Registered number: 00198299
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,265,029 1,277,945
Investments 5 34,046 34,046
1,299,075 1,311,991
CURRENT ASSETS
Stocks 526,712 545,516
Debtors 6 4,524,455 2,602,946
Investments 100,000 100,000
Cash at bank and in hand 578,215 2,715,534
5,729,382 5,963,996
Creditors: Amounts Falling Due Within One Year 7 (471,478 ) (427,622 )
NET CURRENT ASSETS (LIABILITIES) 5,257,904 5,536,374
TOTAL ASSETS LESS CURRENT LIABILITIES 6,556,979 6,848,365
Creditors: Amounts Falling Due After More Than One Year 8 (2,000 ) (2,000 )
NET ASSETS 6,554,979 6,846,365
CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 9 21,978 21,978
Capital redemption reserve 11,450 11,450
Profit and Loss Account 6,521,551 6,812,937
SHAREHOLDERS' FUNDS 6,554,979 6,846,365
Page 2
Page 3
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 Profit and Loss Account.
On behalf of the board
Mr T J Browning
Director
3 September 2024
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Browning Jones & Morris Limited Registered number 00198299 is a private company limited by shares and incorporated in England & Wales. The Registered Office is 9 Ipswich Road, Penylan, Cardiff, CF23 9XX.
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.
The financial statements are presented in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Significant judgements and estimations
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.
No significant judgements have had to be made by the directors in preparing these financial statements.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 1% & 2% straight line
Plant & Machinery 15% straight line
Motor Vehicles 25% straight line
2.5. 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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2.6. Financial Instruments
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumiliated impairment losses. Listed invetsments are measured at fair value. Unlisted investments are measured at fair value unless the fair value cannot be measured reilably, in which case the are measured at cost less any accumilated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.9. Consolidation
In the opinion of the directors, the company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 14)
14 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 1,350,789 233,653 96,086 1,680,528
Additions 16,181 2,940 4,950 24,071
Disposals - - (22,700 ) (22,700 )
As at 31 December 2023 1,366,970 236,593 78,336 1,681,899
Depreciation
As at 1 January 2023 94,580 226,430 81,573 402,583
Provided during the period 23,339 3,089 10,559 36,987
Disposals - - (22,700 ) (22,700 )
As at 31 December 2023 117,919 229,519 69,432 416,870
Net Book Value
As at 31 December 2023 1,249,051 7,074 8,904 1,265,029
As at 1 January 2023 1,256,209 7,223 14,513 1,277,945
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2023 660 33,386 34,046
As at 31 December 2023 660 33,386 34,046
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 660 33,386 34,046
As at 1 January 2023 660 33,386 34,046
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 291,866 362,069
Other debtors 3,345,916 2,105,348
Amounts owed by subsidiaries 886,673 135,529
4,524,455 2,602,946
Amounts due after more than one year included above £1,011,584 (2022: £396,427).
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 444,660 238,887
Bank loans and overdrafts - 153,320
Other taxes and social security 15,086 22,726
Other creditors 11,732 12,689
471,478 427,622
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Preference Shares 2,000 2,000
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
21,978 Ordinary Shares of £ 1.000 each 21,978 21,978
The following Preference Shares were classified as liability:
2023 2022
Allotted, called up and fully paid £ £
2,000 Preference Shares of £ 1.000 each 2,000 2,000
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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 Thomas Browning 1,626,835 381,665 207,000 - 1,801,500
Loan to purchase share capital in Browning Jones & Morris Limited.
The loan is repayable on demand. 
Interest is charged in accordance with HM Revenue & Customs Official Rates, currently 2.25% per annum (2022: 2.00%).
11. Related Party Transactions
The company has taken advantage the exemption from Section 33 of FRS 102 and has not disclosed transactions with its wholly-owned subsidiary company.
The company has an investment in My Car Sales, an unincorporated business in which M Browning, son of T J Browning, has an interest.
The amount is repayable on demand and is secured on the assets and trading stock of the business. Interest is payable at 5% per annum.
The amount due from My Car Sales is £100,000 and is shown in 'Investments' within Current Assets on the Balance sheet.
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