IRIS Accounts Production v24.3.0.553 03971051 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039710512023-04-30039710512024-04-30039710512023-05-012024-04-30039710512022-04-30039710512022-05-012023-04-30039710512023-04-3003971051ns15:EnglandWales2023-05-012024-04-3003971051ns14:PoundSterling2023-05-012024-04-3003971051ns10:Director12023-05-012024-04-3003971051ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003971051ns10:SmallEntities2023-05-012024-04-3003971051ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003971051ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003971051ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003971051ns10:FullAccounts2023-05-012024-04-300397105112023-05-012024-04-3003971051ns10:Director32023-05-012024-04-3003971051ns10:CompanySecretary12023-05-012024-04-3003971051ns10:RegisteredOffice2023-05-012024-04-3003971051ns5:CurrentFinancialInstruments2024-04-3003971051ns5:CurrentFinancialInstruments2023-04-3003971051ns5:Non-currentFinancialInstruments2024-04-3003971051ns5:Non-currentFinancialInstruments2023-04-3003971051ns5:ShareCapital2024-04-3003971051ns5:ShareCapital2023-04-3003971051ns5:RetainedEarningsAccumulatedLosses2024-04-3003971051ns5:RetainedEarningsAccumulatedLosses2023-04-3003971051ns5:NetGoodwill2023-05-012024-04-3003971051ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003971051ns5:PlantMachinery2023-05-012024-04-3003971051ns5:NetGoodwill2023-04-3003971051ns5:NetGoodwill2024-04-3003971051ns5:NetGoodwill2023-04-3003971051ns5:PlantMachinery2023-04-3003971051ns5:PlantMachinery2024-04-3003971051ns5:PlantMachinery2023-04-3003971051ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3003971051ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3003971051ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3003971051ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3003971051ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003971051ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003971051ns5:Secured2024-04-3003971051ns5:Secured2023-04-30
REGISTERED NUMBER: 03971051 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EDWARD BRAIN & SONS LIMITED

EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDWARD BRAIN & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: E W J Brain
Mrs M A Brain





SECRETARY: Mrs M A Brain





REGISTERED OFFICE: Lordswood
Birmingham Road
Pathlow
Stratford-upon-Avon
Warwickshire
CV37 0EP





REGISTERED NUMBER: 03971051 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 751,966 767,289
751,966 767,289

CURRENT ASSETS
Stocks 78,700 35,600
Debtors 6 233,585 119,704
Cash at bank 8 8
312,293 155,312
CREDITORS
Amounts falling due within one year 7 513,264 507,882
NET CURRENT LIABILITIES (200,971 ) (352,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,995

414,719

CREDITORS
Amounts falling due after more than one year 8 (256,920 ) (263,795 )

PROVISIONS FOR LIABILITIES (142,873 ) (145,785 )
NET ASSETS 151,202 5,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,102 5,039
SHAREHOLDERS' FUNDS 151,202 5,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

BALANCE SHEET - continued
30 April 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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





E W J Brain - Director


EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Edward Brain & Sons Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of four 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.


EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 25,000
AMORTISATION
At 1 May 2023
and 30 April 2024 25,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 2,696,801
Additions 326,265
Disposals (418,715 )
At 30 April 2024 2,604,351
DEPRECIATION
At 1 May 2023 1,929,512
Charge for year 270,477
Eliminated on disposal (347,604 )
At 30 April 2024 1,852,385
NET BOOK VALUE
At 30 April 2024 751,966
At 30 April 2023 767,289

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 1,286,424
Additions 323,865
Transfer to ownership (605,525 )
At 30 April 2024 1,004,764
DEPRECIATION
At 1 May 2023 584,646
Charge for year 244,436
Transfer to ownership (435,468 )
At 30 April 2024 393,614
NET BOOK VALUE
At 30 April 2024 611,150
At 30 April 2023 701,778

EDWARD BRAIN & SONS LIMITED (REGISTERED NUMBER: 03971051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 138,418 116,073
Other debtors 95,167 3,631
233,585 119,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,737 43,925
Hire purchase contracts 241,448 277,524
Trade creditors 84,529 110,126
Taxation and social security 128,515 37,057
Other creditors 6,035 39,250
513,264 507,882

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 256,920 263,795

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 52,737 43,925
Hire purchase contracts 498,368 541,319
551,105 585,244

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account became overdrawn The maximum overdrawn amount during the year was £72,575 (2023:£Nil) and the year end balance was £68,295 (2023:£Nil).

11. CONTROLLING PARTY

The company is under the control of E W J Brain (director and majority share holder).