Acorah Software Products - Accounts Production 15.0.400 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC248104 Mr William Brown Mr Kevin Brown Mr Paul Brown Mr William Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC248104 2023-04-30 SC248104 2024-04-30 SC248104 2023-05-01 2024-04-30 SC248104 frs-core:CurrentFinancialInstruments 2024-04-30 SC248104 frs-core:ComputerEquipment 2024-04-30 SC248104 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC248104 frs-core:ComputerEquipment 2023-04-30 SC248104 frs-core:NetGoodwill 2024-04-30 SC248104 frs-core:NetGoodwill 2023-05-01 2024-04-30 SC248104 frs-core:NetGoodwill 2023-04-30 SC248104 frs-core:MotorVehicles 2024-04-30 SC248104 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC248104 frs-core:MotorVehicles 2023-04-30 SC248104 frs-core:PlantMachinery 2024-04-30 SC248104 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC248104 frs-core:PlantMachinery 2023-04-30 SC248104 frs-core:ShareCapital 2024-04-30 SC248104 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC248104 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC248104 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC248104 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC248104 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC248104 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC248104 frs-bus:Director1 2023-05-01 2024-04-30 SC248104 frs-bus:Director2 2023-05-01 2024-04-30 SC248104 frs-bus:Director3 2023-05-01 2024-04-30 SC248104 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 SC248104 frs-countries:Scotland 2023-05-01 2024-04-30 SC248104 2022-04-30 SC248104 2023-04-30 SC248104 2022-05-01 2023-04-30 SC248104 frs-core:CurrentFinancialInstruments 2023-04-30 SC248104 frs-core:ShareCapital 2023-04-30 SC248104 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC248104
W Brown & Sons (Painters) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC248104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,180 22,124
14,180 22,124
CURRENT ASSETS
Stocks 6 200 200
Debtors 7 990 11,423
Cash at bank and in hand 25,460 12,953
26,650 24,576
Creditors: Amounts Falling Due Within One Year 8 (10,493 ) (10,432 )
NET CURRENT ASSETS (LIABILITIES) 16,157 14,144
TOTAL ASSETS LESS CURRENT LIABILITIES 30,337 36,268
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,694 ) (4,204 )
NET ASSETS 27,643 32,064
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 27,543 31,964
SHAREHOLDERS' FUNDS 27,643 32,064
Page 1
Page 2
For the year ending 30 April 2024 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 William Brown
Director
Mr Kevin Brown
Director
Mr Paul Brown
Director
7th November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
W Brown & Sons (Painters) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC248104 . The registered office is 6 Broomage Crescent, Larbert, FK5 4NZ.
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. 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.
Sale of goods
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 customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 15% RBM
Motor Vehicles 25% RBM
Computer Equipment 33% SLM
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 turnover and 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 90,000
As at 30 April 2024 90,000
Amortisation
As at 1 May 2023 90,000
As at 30 April 2024 90,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 14,265 36,976 - 51,241
Additions - - 458 458
Disposals - (5,696 ) - (5,696 )
As at 30 April 2024 14,265 31,280 458 46,003
Depreciation
As at 1 May 2023 12,703 16,414 - 29,117
Provided during the period 234 5,141 19 5,394
Disposals - (2,688 ) - (2,688 )
As at 30 April 2024 12,937 18,867 19 31,823
Net Book Value
As at 30 April 2024 1,328 12,413 439 14,180
As at 1 May 2023 1,562 20,562 - 22,124
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6. Stocks
2024 2023
£ £
Stock 200 200
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 10,583
Prepayments and accrued income 990 840
990 11,423
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,322 978
Corporation tax 6,688 9,127
VAT 2,243 -
Directors' loan accounts 240 327
10,493 10,432
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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