Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 August 2021 false 1 January 2023 31 December 2023 31 December 2023 05986587 Mr Nathan Winch Winch & Co Capital Ltd 46 Park Place, Leeds, England, LS1 2RY true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05986587 2022-12-31 05986587 2023-12-31 05986587 2023-01-01 2023-12-31 05986587 frs-core:CurrentFinancialInstruments 2023-12-31 05986587 frs-core:Non-currentFinancialInstruments 2023-12-31 05986587 frs-core:BetweenOneFiveYears 2023-12-31 05986587 frs-core:ComputerEquipment 2023-12-31 05986587 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05986587 frs-core:ComputerEquipment 2022-12-31 05986587 frs-core:MotorVehicles 2023-01-01 2023-12-31 05986587 frs-core:PlantMachinery 2023-12-31 05986587 frs-core:PlantMachinery 2023-01-01 2023-12-31 05986587 frs-core:PlantMachinery 2022-12-31 05986587 frs-core:WithinOneYear 2023-12-31 05986587 frs-core:SharePremium 2023-12-31 05986587 frs-core:ShareCapital 2023-12-31 05986587 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05986587 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05986587 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05986587 frs-bus:SmallEntities 2023-01-01 2023-12-31 05986587 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05986587 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05986587 1 2023-01-01 2023-12-31 05986587 frs-bus:Director1 2023-01-01 2023-12-31 05986587 frs-countries:EnglandWales 2023-01-01 2023-12-31 05986587 2021-07-31 05986587 2022-12-31 05986587 2021-08-01 2022-12-31 05986587 frs-core:CurrentFinancialInstruments 2022-12-31 05986587 frs-core:Non-currentFinancialInstruments 2022-12-31 05986587 frs-core:BetweenOneFiveYears 2022-12-31 05986587 frs-core:WithinOneYear 2022-12-31 05986587 frs-core:SharePremium 2022-12-31 05986587 frs-core:ShareCapital 2022-12-31 05986587 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05986587
Browns Garden Buildings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Elementary Accountancy Services Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05986587
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,368 6,368
6,368 6,368
CURRENT ASSETS
Stocks 5 10,086 12,675
Debtors 6 471,840 762,702
Cash at bank and in hand 423 399
482,349 775,776
Creditors: Amounts Falling Due Within One Year 7 (365,396 ) (498,969 )
NET CURRENT ASSETS (LIABILITIES) 116,953 276,807
TOTAL ASSETS LESS CURRENT LIABILITIES 123,321 283,175
Creditors: Amounts Falling Due After More Than One Year 8 (97,303 ) (127,068 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (6,822 ) -
NET ASSETS 19,196 156,107
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium account 9,900 9,900
Profit and Loss Account 9,196 146,107
SHAREHOLDERS' FUNDS 19,196 156,107
Page 1
Page 2
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 Nathan Winch
Director
23/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Browns Garden Buildings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05986587 . The registered office is The Old Beehive Garage, Chorley New Road, Lostock, Bolton, BL6 4LW.
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. Although the company has made a loss during the year, based on forecasts prepared and support offered by other group companies, the directors believe there is sufficent cash to trade for the forthcoming year. In addition, on 18th April 2024 a Corporate Voluntary Arrangement was entered into which will increase cashflow in the short term. 
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. Turnover relates to the sale of garden buildings. 
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 building has been erected on the customers premises. Partially completed projects at the year end are recognised in work in progress at cost.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
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 related costs as contract activity progresses.
2.6. 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 years 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.
...CONTINUED
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2.6. Taxation - continued
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 assets reflect 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account 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: 6 (2022: 8)
6 8
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 6,643 5,330 11,973
As at 31 December 2023 6,643 5,330 11,973
Depreciation
As at 1 January 2023 2,176 3,429 5,605
As at 31 December 2023 2,176 3,429 5,605
Net Book Value
As at 31 December 2023 4,467 1,901 6,368
As at 1 January 2023 4,467 1,901 6,368
5. Stocks
31 December 2023 31 December 2022
£ £
Materials 10,086 12,675
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6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 240 1,579
Prepayments and accrued income 4,373 6,870
Other debtors - 458
Deferred tax current asset - 3,974
Amounts owed by group undertakings 467,227 749,821
471,840 762,702
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 44,344 53,859
Bank loans and overdrafts 39,132 187,913
Corporation tax (116 ) 9,917
Other taxes and social security 115,556 102,095
Other creditors 10,619 10,281
Accruals and deferred income 16,850 4,511
Amounts owed to group undertakings 139,011 130,393
365,396 498,969
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 97,303 127,068
97,303 127,068
9. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Other Creditors 120,334 -
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10. Deferred Taxation
Tax losses of £122,479 are available to carry forward to the following period but have not been provided for as there is no guarantee of future profits.
31 December 2023 31 December 2022
£ £
Other timing differences 6,822 -
11. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 41,805 41,805
Later than one year and not later than five years 47,066 88,871
88,871 130,676
13. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £917 (2022: £945) were due to the fund. They are included in Other Creditors.
14. Related Party Transactions
A total amount of £467,226 (2022: £749,821) is owed to this entity by parties controlled by the same individuals as this entity. This is on no fixed repayment term an no interest is being charged. 
A total amount of £139,334 (2022: £nil) is owed by this entity to parties controlled by the same individuals as this entity. This is on no fixed repayment term an no interest is being charged. 
Management fees of £14,000 (2022: £128,798) were paid to entities or individuals who control this entity or are under the same control as this entity. No balance was outstanding in relation to this at the year end. 
A floating charge is held over the assets of this entity by and entity who owns this entity by way of a debenture. the amount owed under this debenture is £120,334. 
15. Exceptional Items
The exceptional items noted on the profit and loss account for the year relate to bad debts written off in relation to an entity which was under the same control as this entity. 
16. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Winch & Co Capital Ltd . Winch & Co Capital Ltd was incorporated in England. Copies of the company accounts may be obtained from 46 Park Place, Leeds, England, LS1 2RY
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