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REGISTERED NUMBER: 07620779 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Brown And Illingworth Limited

Brown And Illingworth Limited (Registered number: 07620779)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Brown And Illingworth Limited (Registered number: 07620779)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,000 40,000
Tangible assets 5 67,019 88,173
102,019 128,173

CURRENT ASSETS
Debtors 6 124,539 67,315
Cash at bank and in hand 58,455 26,408
182,994 93,723
CREDITORS
Amounts falling due within one year 7 141,475 191,064
NET CURRENT ASSETS/(LIABILITIES) 41,519 (97,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,538

30,832

CREDITORS
Amounts falling due after more than one year 8 (13,205 ) (24,307 )

PROVISIONS FOR LIABILITIES (14,393 ) (5,892 )
NET ASSETS 115,940 633

CAPITAL AND RESERVES
Called up share capital 9 50,100 50,100
Retained earnings 65,840 (49,467 )
SHAREHOLDERS' FUNDS 115,940 633

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

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

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 13 September 2024 and were signed on its behalf by:





D Brown - Director


Brown And Illingworth Limited (Registered number: 07620779)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Brown And Illingworth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07620779

Registered office: Unit 4 The Preserving Works
Newburn Industrial Estate
Newcastle Upon Tyne
Tyne and Wear
NE15 9TU

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Brown And Illingworth Limited (Registered number: 07620779)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 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.

Going concern
Although current liabilities exceed current assets at the balance sheet date, the accounts have been prepared on a going concern basis because in the opinion of the director, the company will have sufficient funds available for the company's operations to continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 100,000
AMORTISATION
At 1 June 2023 60,000
Amortisation for year 5,000
At 31 May 2024 65,000
NET BOOK VALUE
At 31 May 2024 35,000
At 31 May 2023 40,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 71,567 116,936 188,503
DEPRECIATION
At 1 June 2023 53,789 46,541 100,330
Charge for year 3,554 17,600 21,154
At 31 May 2024 57,343 64,141 121,484
NET BOOK VALUE
At 31 May 2024 14,224 52,795 67,019
At 31 May 2023 17,778 70,395 88,173

Brown And Illingworth Limited (Registered number: 07620779)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 27,341
DEPRECIATION
At 1 June 2023 20,674
Charge for year 1,667
At 31 May 2024 22,341
NET BOOK VALUE
At 31 May 2024 5,000
At 31 May 2023 6,667

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 123,012 60,845
Tax - 6,360
Accrued income 1,527 110
124,539 67,315

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 25,403
Hire purchase contracts 1,341 4,189
Trade creditors 6,643 11,747
Tax 22,401 2,000
Social security and other taxes 7,010 3,926
VAT 56,278 16,733
Other creditors 15,334 10,226
Income in Advance 20,292 3,680
Directors' loan accounts 128 110,607
Accruals and deferred income 2,048 2,553
141,475 191,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years - 10,000
Hire purchase contracts 3,205 4,307
13,205 24,307

Brown And Illingworth Limited (Registered number: 07620779)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
50,100 Ordinary £1 50,100 50,100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year rent of £36,479 (2023 - £28,600) was paid to the director.