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REGISTERED NUMBER: 05169392 (England and Wales)















BROWNS CARPENTRY AND JOINERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROWNS CARPENTRY AND JOINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M A Brown
Mrs K Brown





SECRETARY: Mrs K Brown





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 05169392 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,078 135,929

CURRENT ASSETS
Stocks and work in progress 28,972 7,981
Debtors 5 48,742 70,754
Cash at bank and in hand 36,094 142,293
113,808 221,028
CREDITORS
Amounts falling due within one year 6 55,720 90,377
NET CURRENT ASSETS 58,088 130,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,166

266,580

CREDITORS
Amounts falling due after more than one
year

7

(8,333

)

(18,333

)

PROVISIONS FOR LIABILITIES (12,174 ) (19,136 )
NET ASSETS 142,659 229,111

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 142,559 229,011
SHAREHOLDERS' FUNDS 142,659 229,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mrs K Brown - Director


BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Browns Carpentry and Joinery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 5% on cost
Tools and equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% on cost and 20% on reducing balance

Stocks
Stocks and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Tools and
property leasehold equipment
£    £    £   
COST
At 1 August 2023 41,809 4,456 115,538
Additions - - 5,021
Disposals - - (7,215 )
At 31 July 2024 41,809 4,456 113,344
DEPRECIATION
At 1 August 2023 3,145 1,120 84,665
Charge for year 774 223 7,138
Eliminated on disposal - - (7,000 )
At 31 July 2024 3,919 1,343 84,803
NET BOOK VALUE
At 31 July 2024 37,890 3,113 28,541
At 31 July 2023 38,664 3,336 30,873

Computer
Fixtures and
and Motor office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 68,549 79,401 2,885 312,638
Additions 2,006 6,500 554 14,081
Disposals - (59,901 ) (1,732 ) (68,848 )
At 31 July 2024 70,555 26,000 1,707 257,871
DEPRECIATION
At 1 August 2023 38,188 47,027 2,564 176,709
Charge for year 4,858 2,553 357 15,903
Eliminated on disposal - (31,236 ) (1,583 ) (39,819 )
At 31 July 2024 43,046 18,344 1,338 152,793
NET BOOK VALUE
At 31 July 2024 27,509 7,656 369 105,078
At 31 July 2023 30,361 32,374 321 135,929

BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,328 67,344
Prepayments and accrued income 2,414 3,410
48,742 70,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,720 27,048
Tax 8,847 21,668
Social security and other taxes 1,537 2,544
Pension 140 -
VAT 11,854 20,933
Directors' current accounts 209 1,328
Accruals and deferred income 413 6,856
55,720 90,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,333 10,000
Bank loans - 2-5 years - 8,333
8,333 18,333

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2023 229,011
Profit for the year 13,548
Dividends (100,000 )
At 31 July 2024 142,559

BROWNS CARPENTRY AND JOINERY LTD (REGISTERED NUMBER: 05169392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends were voted and paid within the financial year as follows:

M A Brown50 shares x £1,000 per share£50,000.00
Mrs K Brown50 shares x £1,000 per share£50,000.00