2023-02-012024-01-312024-01-31false01516504BROW WELL FISHERIES LIMITED2024-09-1203220iso4217:GBPxbrli:pure015165042023-02-01015165042024-01-31015165042023-02-012024-01-31015165042022-02-01015165042023-01-31015165042022-02-012023-01-3101516504bus:SmallEntities2023-02-012024-01-3101516504bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3101516504bus:FullAccounts2023-02-012024-01-3101516504bus:PrivateLimitedCompanyLtd2023-02-012024-01-3101516504core:WithinOneYear2024-01-3101516504core:AfterOneYear2024-01-3101516504core:WithinOneYear2023-01-3101516504core:AfterOneYear2023-01-3101516504core:ShareCapital2024-01-3101516504core:SharePremium2024-01-3101516504core:RevaluationReserve2024-01-3101516504core:OtherReservesSubtotal2024-01-3101516504core:RetainedEarningsAccumulatedLosses2024-01-3101516504core:ShareCapital2023-01-3101516504core:SharePremium2023-01-3101516504core:RevaluationReserve2023-01-3101516504core:OtherReservesSubtotal2023-01-3101516504core:RetainedEarningsAccumulatedLosses2023-01-3101516504core:LandBuildings2024-01-3101516504core:PlantMachinery2024-01-3101516504core:Vehicles2024-01-3101516504core:FurnitureFittings2024-01-3101516504core:OfficeEquipment2024-01-3101516504core:NetGoodwill2024-01-3101516504core:IntangibleAssetsOtherThanGoodwill2024-01-3101516504core:ListedExchangeTraded2024-01-3101516504core:UnlistedNon-exchangeTraded2024-01-3101516504core:LandBuildings2023-01-3101516504core:PlantMachinery2023-01-3101516504core:Vehicles2023-01-3101516504core:FurnitureFittings2023-01-3101516504core:OfficeEquipment2023-01-3101516504core:NetGoodwill2023-01-3101516504core:IntangibleAssetsOtherThanGoodwill2023-01-3101516504core:ListedExchangeTraded2023-01-3101516504core:UnlistedNon-exchangeTraded2023-01-3101516504core:LandBuildings2023-02-012024-01-3101516504core:PlantMachinery2023-02-012024-01-3101516504core:Vehicles2023-02-012024-01-3101516504core:FurnitureFittings2023-02-012024-01-3101516504core:OfficeEquipment2023-02-012024-01-3101516504core:NetGoodwill2023-02-012024-01-3101516504core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3101516504core:ListedExchangeTraded2023-02-012024-01-3101516504core:UnlistedNon-exchangeTraded2023-02-012024-01-3101516504core:MoreThanFiveYears2023-02-012024-01-3101516504core:Non-currentFinancialInstruments2024-01-3101516504core:Non-currentFinancialInstruments2023-01-3101516504dpl:CostSales2023-02-012024-01-3101516504dpl:DistributionCosts2023-02-012024-01-3101516504core:LandBuildings2023-02-012024-01-3101516504core:PlantMachinery2023-02-012024-01-3101516504core:Vehicles2023-02-012024-01-3101516504core:FurnitureFittings2023-02-012024-01-3101516504core:OfficeEquipment2023-02-012024-01-3101516504dpl:AdministrativeExpenses2023-02-012024-01-3101516504core:NetGoodwill2023-02-012024-01-3101516504core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3101516504dpl:GroupUndertakings2023-02-012024-01-3101516504dpl:ParticipatingInterests2023-02-012024-01-3101516504dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3101516504core:ListedExchangeTraded2023-02-012024-01-3101516504dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3101516504core:UnlistedNon-exchangeTraded2023-02-012024-01-3101516504dpl:CostSales2022-02-012023-01-3101516504dpl:DistributionCosts2022-02-012023-01-3101516504core:LandBuildings2022-02-012023-01-3101516504core:PlantMachinery2022-02-012023-01-3101516504core:Vehicles2022-02-012023-01-3101516504core:FurnitureFittings2022-02-012023-01-3101516504core:OfficeEquipment2022-02-012023-01-3101516504dpl:AdministrativeExpenses2022-02-012023-01-3101516504core:NetGoodwill2022-02-012023-01-3101516504core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3101516504dpl:GroupUndertakings2022-02-012023-01-3101516504dpl:ParticipatingInterests2022-02-012023-01-3101516504dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3101516504core:ListedExchangeTraded2022-02-012023-01-3101516504dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3101516504core:UnlistedNon-exchangeTraded2022-02-012023-01-3101516504core:NetGoodwill2024-01-3101516504core:IntangibleAssetsOtherThanGoodwill2024-01-3101516504core:LandBuildings2024-01-3101516504core:PlantMachinery2024-01-3101516504core:Vehicles2024-01-3101516504core:FurnitureFittings2024-01-3101516504core:OfficeEquipment2024-01-3101516504core:AfterOneYear2024-01-3101516504core:WithinOneYear2024-01-3101516504core:ListedExchangeTraded2024-01-3101516504core:UnlistedNon-exchangeTraded2024-01-3101516504core:ShareCapital2024-01-3101516504core:SharePremium2024-01-3101516504core:RevaluationReserve2024-01-3101516504core:OtherReservesSubtotal2024-01-3101516504core:RetainedEarningsAccumulatedLosses2024-01-3101516504core:NetGoodwill2023-01-3101516504core:IntangibleAssetsOtherThanGoodwill2023-01-3101516504core:LandBuildings2023-01-3101516504core:PlantMachinery2023-01-3101516504core:Vehicles2023-01-3101516504core:FurnitureFittings2023-01-3101516504core:OfficeEquipment2023-01-3101516504core:AfterOneYear2023-01-3101516504core:WithinOneYear2023-01-3101516504core:Liste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BROW WELL FISHERIES LIMITED

Registered Number
01516504
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

BROW WELL FISHERIES LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

JOWETT, Jonathan Paul

Registered Address

Phoenix Cottage
Hebden
Skipton
BD23 5DH

Registered Number

01516504 (England and Wales)
BROW WELL FISHERIES LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4119,054143,838
Investments522
119,056143,840
Current assets
Stocks298,268282,704
Debtors660,20225,337
Cash at bank and on hand-1,199
358,470309,240
Creditors amounts falling due within one year7(156,055)(96,757)
Net current assets (liabilities)202,415212,483
Total assets less current liabilities321,471356,323
Provisions for liabilities8(17,379)(16,816)
Net assets304,092339,507
Capital and reserves
Called up share capital150150
Profit and loss account303,942339,357
Shareholders' funds304,092339,507
The financial statements were approved and authorised for issue by the Director on 12 September 2024, and are signed on its behalf by:
JOWETT, Jonathan Paul
Director
Registered Company No. 01516504
BROW WELL FISHERIES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life. The estimated useful lives range as follows: Goodwill - 10 years
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Land and buildings are depreciated on a straight-line basis between 10 and 50 years.

Reducing balance (%)Straight line (years)
Plant and machinery-3
Fixtures and fittings-4
Vehicles25-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year1010
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 February 23120,000120,000
At 31 January 24120,000120,000
Amortisation and impairment
At 01 February 23120,000120,000
At 31 January 24120,000120,000
Net book value
At 31 January 24--
At 31 January 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 February 23241,457398,528188,95520,182849,122
Additions-4,021--4,021
Disposals(1,503)---(1,503)
At 31 January 24239,954402,549188,95520,182851,640
Depreciation and impairment
At 01 February 23154,135394,314136,65320,182705,284
Charge for year11,9073,82213,076-28,805
On disposals(1,503)---(1,503)
At 31 January 24164,539398,136149,72920,182732,586
Net book value
At 31 January 2475,4154,41339,226-119,054
At 31 January 2387,3224,21452,302-143,838
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 February 2322
At 31 January 2422
Net book value
At 31 January 2422
At 31 January 2322

Notes

1Investments in group undertakings and participating interests
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables29,54222,117
Other debtors6,4033,220
Prepayments and accrued income24,257-
Total60,20225,337
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.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables55,7668,403
Bank borrowings and overdrafts23,433-
Amounts owed to related parties22
Taxation and social security-3,305
Other creditors53,52456,477
Accrued liabilities and deferred income23,33028,570
Total156,05596,757
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. The bank loan is secured by fixed and floating charges over the undertaking and all property and assets present and future. Obligations under hire purchase contracts are secured upon the assets to which they relate.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)17,37916,816
Total17,37916,816
9.Operating lease commitments
At 31 January 2024 the company had future minimum lease payments under non-cancellable operating leases of £155,000 (2023 - £168,800).