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REGISTERED NUMBER: 09493787 (England and Wales)















Directors' Report and

Financial Statements for the Year Ended 29 February 2024

for

Browston Instruments Limited

Browston Instruments Limited (Registered number: 09493787)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Directors' Report 2

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 8

Balance Sheet 9

Notes to the Financial Statements 10


Browston Instruments Limited

Company Information
for the Year Ended 29 February 2024







Directors: Mrs T Darling
Mr A P Darling



Secretary: Mrs T Darling



Registered office: Marine House
Marine Park
Gapton Hall Road
Great Yarmouth
Norfolk
NR31 0NB



Registered number: 09493787 (England and Wales)



Senior statutory auditor: Henry Pettitt FCA CTA



Auditors: Stephenson Smart (East Anglia) Ltd East Coast
East Coast House
Galahad Road
Gorleston
Great Yarmouth
Norfolk
NR31 7RU

Browston Instruments Limited (Registered number: 09493787)

Directors' Report
for the Year Ended 29 February 2024


The directors present their report with the financial statements of the company for the year ended 29 February 2024.

Directors
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report.

Mrs T Darling
Mr A P Darling

Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Stephenson Smart (East Anglia) LimitedStephenson Smart (East Anglia) Ltd East Coast, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Browston Instruments Limited (Registered number: 09493787)

Directors' Report
for the Year Ended 29 February 2024

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:





Mr A P Darling - Director


15 October 2024

Report of the Independent Auditors to the Members of
Browston Instruments Limited


Opinion
We have audited the financial statements of Browston Instruments Limited (the 'company') for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 29 February 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Browston Instruments Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Directors' Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Directors' Report.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Browston Instruments Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We considered, based on our knowledge of the trading environment and structure of the company, areas in which the threat of material misstatement exists concerning irregularity. Irregularities, including fraud, were considered at length throughout our audit fieldwork and as part of our communications both with the directors and within the audit team.

We have reviewed the company's policies in adhering to laws and regulations, health and safety, and GDPR, and have identified where non-compliance could materially affect the financial statements, and the extent to which irregularities could impact the financial statements vary considerably throughout.

The company is subject to regulation that directly affects the financial statements, in areas such as taxation and company laws, which has been assessed during the course of the audit when auditing the related financial items.

The company is also subject to regulations that, in instances of non-compliance, would have a material impact on balances or disclosures within the financial statements, such as fines, penalties, claims and interest.

The limited procedures required to be undertaken as contained within the auditing standards did not identify any areas of non-compliance.

Owing to inherent limitations of an audit, there is an unavoidable risk that we may not have detected all material misstatements within the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Browston Instruments Limited


Other matters which we are required to address
Comparative information in the financial statements is derived from the company's prior period financial statements, which were not audited based on the group the company belongs to not breaching the audit threshold before the prior year. Substantive testing has been carried out around opening balances to ensure no material misstatement brought forward.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Henry Pettitt FCA CTA (Senior Statutory Auditor)
for and on behalf of Stephenson Smart (East Anglia) Ltd East Coast
East Coast House
Galahad Road
Gorleston
Great Yarmouth
Norfolk
NR31 7RU

15 October 2024


Stephenson Smart (East Anglia) Limited

Browston Instruments Limited (Registered number: 09493787)

Statement of Income and Retained Earnings
for the Year Ended 29 February 2024

2024 2023
Unaudited
Notes £ £

Turnover 12,000 12,000

Cost of sales (241 ) -
Gross profit 11,759 12,000

Administrative expenses (4,370 ) (2,828 )
Operating profit and
Profit before taxation 7,389 9,172

Tax on profit (1,440 ) 16
Profit for the financial year 5,949 9,188

Retained earnings at beginning of year 36,469 27,281

Retained earnings at end of year 42,418 36,469

Browston Instruments Limited (Registered number: 09493787)

Balance Sheet
29 February 2024

2024 2023
Unaudited
Notes £ £
Fixed assets
Intangible assets 6 11,940 12,660
Tangible assets 7 114 152
12,054 12,812

Current assets
Stocks 500 741
Debtors 8 37,355 27,452
37,855 28,193
Creditors
Amounts falling due within one year 9 (7,362 ) (4,436 )
Net current assets 30,493 23,757
Total assets less current liabilities 42,547 36,569

Provisions for liabilities (29 ) -
Net assets 42,518 36,569

Capital and reserves
Called up share capital 100 100
Retained earnings 42,418 36,469
42,518 36,569

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 15 October 2024 and were signed on its behalf by:



Mr A P Darling - Director


Browston Instruments Limited (Registered number: 09493787)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. Statutory information

Browston Instruments 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is solely generated from the use of the intellectual property and is recognised on a monthly basis.

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 are amortised over a period of 25 years.

Browston Instruments Limited (Registered number: 09493787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment - 25% 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. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Browston Instruments Limited (Registered number: 09493787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 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.

Browston Instruments Limited (Registered number: 09493787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Operating profit

The operating profit is stated after charging:

2024 2023
Unaudited
£ £
Depreciation - owned assets 38 51
Intellectual Property amortisation 720 720

6. Intangible fixed assets
Intellectual
Property
£
Cost
At 1 March 2023
and 29 February 2024 18,000
Amortisation
At 1 March 2023 5,340
Amortisation for year 720
At 29 February 2024 6,060
Net book value
At 29 February 2024 11,940
At 28 February 2023 12,660

Browston Instruments Limited (Registered number: 09493787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. Tangible fixed assets
Computer
equipment
£
Cost
At 1 March 2023
and 29 February 2024 1,260
Depreciation
At 1 March 2023 1,108
Charge for year 38
At 29 February 2024 1,146
Net book value
At 29 February 2024 114
At 28 February 2023 152

8. Debtors: amounts falling due within one year
2024 2023
Unaudited
£ £
Amounts owed by group undertakings 37,355 27,452

9. Creditors: amounts falling due within one year
2024 2023
Unaudited
£ £
Amounts owed to group undertakings 3,451 1,698
Taxation and social security 1,411 1,753
Other creditors 2,500 985
7,362 4,436

10. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Browston Instruments Limited (Registered number: 09493787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


11. Ultimate controlling party

The parent company and controlling party is AAE Technologies Ltd

The registered office of AAE Technologies Ltd is Marine House, Marine Park, Gapton Hall Road, Great Yarmouth, Norfolk, NR31 0NB. The group consolidated accounts are available from the Registrar of Companies.