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REGISTERED NUMBER: 09695222 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

A R BROWN & CO (WORTHING) LIMITED

A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A R BROWN & CO (WORTHING) LIMITED

Company Information
for the year ended 31 May 2024







DIRECTORS: D K Francis
G J Rollingson





REGISTERED OFFICE: 37 Goring Road
Goring-By-Sea
Worthing
West Sussex
BN12 4AR





REGISTERED NUMBER: 09695222 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,361 42,445
31,361 42,445

CURRENT ASSETS
Debtors 6 101,801 86,361
Cash at bank and in hand 39,402 30,788
141,203 117,149
CREDITORS
Amounts falling due within one year 7 (93,491 ) (101,432 )
NET CURRENT ASSETS 47,712 15,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,073

58,162

CREDITORS
Amounts falling due after more than one
year

8

(21,834

)

(46,166

)
NET ASSETS 57,239 11,996

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,139 11,896
SHAREHOLDERS' FUNDS 57,239 11,996

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.

A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)

Balance Sheet - continued
31 May 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 19 November 2024 and were signed on its behalf by:





D K Francis - Director


A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

A R Brown & Co (Worthing) 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.

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 comprises fees receivable for services provided and is recognised, net of vat, when the service is provided.

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.

Intangible assets consists of goodwill, being the amount paid in connection with the acquisition of a business in 2019. Goodwill is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over the term of the lease (56 months)
Fixtures, fittings and equipment - 20% on reducing balance
Plant and Machinery - 20% on reducing balance
Computer equipment - straight line over 4 years

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)

Notes to the Financial Statements - continued
for the year ended 31 May 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Government assistance
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government is paying the first year of interest on the loan.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 40,000
AMORTISATION
At 1 June 2023
and 31 May 2024 40,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 17,149 12,951 22,325 10,306 62,731
Additions - - 125 1,233 1,358
At 31 May 2024 17,149 12,951 22,450 11,539 64,089
DEPRECIATION
At 1 June 2023 3,675 3,979 7,465 5,167 20,286
Charge for year 3,675 1,794 2,997 3,976 12,442
At 31 May 2024 7,350 5,773 10,462 9,143 32,728
NET BOOK VALUE
At 31 May 2024 9,799 7,178 11,988 2,396 31,361
At 31 May 2023 13,474 8,972 14,860 5,139 42,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,844 24,160
Other debtors 73,957 62,201
101,801 86,361

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,140 16,378
Taxation and social security 36,175 34,745
Other creditors 30,176 40,309
93,491 101,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,834 20,833
Other creditors 11,000 25,333
21,834 46,166

A R BROWN & CO (WORTHING) LIMITED (REGISTERED NUMBER: 09695222)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 27,500 27,500
Between one and five years 45,833 73,333
73,333 100,833

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
R L Kynan
Balance outstanding at start of year - 2,400
Amounts repaid - (2,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D K Francis
Balance outstanding at start of year - 3,600
Amounts advanced 5,000 -
Amounts repaid (3,400 ) (3,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,600 -