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REGISTERED NUMBER: SC453893 (Scotland)















Unaudited Financial Statements For The Year Ended 31 January 2024

for

Brown Street Grocers Ltd

Brown Street Grocers Ltd (Registered number: SC453893)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brown Street Grocers Ltd

Company Information
For The Year Ended 31 January 2024







DIRECTOR: N Mubarik





SECRETARY: S Mubarik





REGISTERED OFFICE: 1B Brown Street
Armdale
EH54 3LB





REGISTERED NUMBER: SC453893 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Brown Street Grocers Ltd (Registered number: SC453893)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 83,796 83,796
Tangible assets 5 6,478 8,638
90,274 92,434

CURRENT ASSETS
Stocks 6 73,050 69,450
Cash at bank and in hand 9,169 19,509
82,219 88,959
CREDITORS
Amounts falling due within one year 7 147,129 142,438
NET CURRENT LIABILITIES (64,910 ) (53,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,364

38,955

CREDITORS
Amounts falling due after more than one
year

8

22,367

34,832
NET ASSETS 2,997 4,123

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,897 4,023
SHAREHOLDERS' FUNDS 2,997 4,123

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

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

The director acknowledges his 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.

Brown Street Grocers Ltd (Registered number: SC453893)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





N Mubarik - Director


Brown Street Grocers Ltd (Registered number: SC453893)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Brown Street Grocers Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

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.

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.

Brown Street Grocers Ltd (Registered number: SC453893)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 83,796
NET BOOK VALUE
At 31 January 2024 83,796
At 31 January 2023 83,796

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 16,982 15,955 32,937
DEPRECIATION
At 1 February 2023 14,088 10,211 24,299
Charge for year - 2,160 2,160
At 31 January 2024 14,088 12,371 26,459
NET BOOK VALUE
At 31 January 2024 2,894 3,584 6,478
At 31 January 2023 2,894 5,744 8,638

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 73,050 69,450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 9) 98,044 105,609
Hire purchase contracts 2,535 3,403
Trade creditors 24,998 19,191
Tax 8,582 5,988
PAYE 5,245 420
VAT 5,083 3,993
Pension - 38
Accrued expenses 2,642 3,796
147,129 142,438

Brown Street Grocers Ltd (Registered number: SC453893)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 2,555
BB Loan 22,367 32,277
22,367 34,832

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Director's loan acc 98,044 105,609

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1.00 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 4,023
Profit for the year 18,874
Dividends (20,000 )
At 31 January 2024 2,897