IRIS Accounts Production v24.3.0.553 07818503 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 B Non-voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078185032022-10-31078185032023-10-31078185032022-11-012023-10-31078185032021-10-31078185032021-11-012022-10-31078185032022-10-3107818503ns15:EnglandWales2022-11-012023-10-3107818503ns14:PoundSterling2022-11-012023-10-3107818503ns10:Director12022-11-012023-10-3107818503ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107818503ns10:SmallEntities2022-11-012023-10-3107818503ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3107818503ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107818503ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107818503ns10:FullAccounts2022-11-012023-10-3107818503ns10:OrdinaryShareClass12022-11-012023-10-3107818503ns10:OrdinaryShareClass22022-11-012023-10-3107818503ns10:Director22022-11-012023-10-3107818503ns10:RegisteredOffice2022-11-012023-10-3107818503ns5:RetainedEarningsAccumulatedLosses2022-10-3107818503ns5:RetainedEarningsAccumulatedLosses2021-10-3107818503ns5:RetainedEarningsAccumulatedLosses2023-10-3107818503ns5:RetainedEarningsAccumulatedLosses2022-10-3107818503ns5:CurrentFinancialInstruments2023-10-3107818503ns5:CurrentFinancialInstruments2022-10-3107818503ns5:Non-currentFinancialInstruments2023-10-3107818503ns5:Non-currentFinancialInstruments2022-10-3107818503ns5:ShareCapital2023-10-3107818503ns5:ShareCapital2022-10-3107818503ns5:PlantMachinery2022-11-012023-10-3107818503ns5:OwnedAssets2022-11-012023-10-3107818503ns5:OwnedAssets2021-11-012022-10-3107818503ns5:PlantMachinery2022-10-3107818503ns5:PlantMachinery2023-10-3107818503ns5:PlantMachinery2022-10-3107818503ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3107818503ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-3107818503ns10:OrdinaryShareClass12023-10-3107818503ns10:OrdinaryShareClass22023-10-3107818503ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 07818503 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

P J BROWN DECORATORS LTD

P J BROWN DECORATORS LTD (Registered number: 07818503)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 6


P J BROWN DECORATORS LTD

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTORS: Mrs S Brown
J J Brown



REGISTERED OFFICE: The Annexe, Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



REGISTERED NUMBER: 07818503 (England and Wales)



ACCOUNTANTS: Bennett & Co
The Annexe, Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



BANKERS: Santander UK PLC

P J BROWN DECORATORS LTD (Registered number: 07818503)

REPORT OF THE DIRECTORS
for the Year Ended 31 OCTOBER 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of painting and decorating.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

Mrs S Brown
J J Brown

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs S Brown - Director


29 October 2024

P J BROWN DECORATORS LTD (Registered number: 07818503)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the Year Ended 31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   

TURNOVER 82,329 166,918

Cost of sales 58,172 142,240
GROSS PROFIT 24,157 24,678

Administrative expenses 33,855 47,651
OPERATING LOSS 4 (9,698 ) (22,973 )


Interest payable and similar expenses 401 526
LOSS BEFORE TAXATION (10,099 ) (23,499 )

Tax on loss 5 - -
LOSS FOR THE FINANCIAL YEAR (10,099 ) (23,499 )

Retained earnings at beginning of year (24,931 ) (1,432 )

RETAINED EARNINGS AT END OF
YEAR

(35,030

)

(24,931

)

P J BROWN DECORATORS LTD (Registered number: 07818503)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 12,760 19,470

CURRENT ASSETS
Debtors 7 8,090 14,972
Cash at bank and in hand 19,182 24,481
27,272 39,453
CREDITORS
Amounts falling due within one year 8 66,429 70,221
NET CURRENT LIABILITIES (39,157 ) (30,768 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,397

)

(11,298

)

CREDITORS
Amounts falling due after more than one
year

9

8,333

13,333
NET LIABILITIES (34,730 ) (24,631 )

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 (35,030 ) (24,931 )
SHAREHOLDERS' FUNDS (34,730 ) (24,631 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

P J BROWN DECORATORS LTD (Registered number: 07818503)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mrs S Brown - Director


P J BROWN DECORATORS LTD (Registered number: 07818503)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

P J BROWN DECORATORS 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

31.10.23 31.10.22
£    £   
Directors' remuneration 24,275 24,000

P J BROWN DECORATORS LTD (Registered number: 07818503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

4. OPERATING LOSS

The operating loss is stated after charging:

31.10.23 31.10.22
£    £   
Depreciation - owned assets 1,710 3,945

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 October 2023 nor for the year ended 31 October 2022.

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 37,038
Disposals (10,000 )
At 31 October 2023 27,038
DEPRECIATION
At 1 November 2022 17,568
Charge for year 1,710
Eliminated on disposal (5,000 )
At 31 October 2023 14,278
NET BOOK VALUE
At 31 October 2023 12,760
At 31 October 2022 19,470

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 7,940 14,072
Other debtors 150 900
8,090 14,972

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1,727 543
Taxation and social security 2,846 2,255
Other creditors 61,856 67,423
66,429 70,221

P J BROWN DECORATORS LTD (Registered number: 07818503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 8,333 13,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
150 Ordinary £1 150 150
150 B Non-voting £1 150 150
300 300

11. RESERVES
Retained
earnings
£   

At 1 November 2022 (24,931 )
Deficit for the year (10,099 )
At 31 October 2023 (35,030 )