Registered number
13339043
J O Brown Ltd
Filleted Accounts
30 April 2024
J O Brown Ltd
Registered number: 13339043
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 400,000 400,000
Tangible assets 4 232,381 113,541
632,381 513,541
Current assets
Debtors 5 16,000 17,000
Cash at bank and in hand 14,793 41,950
30,793 58,950
Creditors: amounts falling due within one year 6 (130,846) (260,012)
Net current liabilities (100,053) (201,062)
Total assets less current liabilities 532,328 312,479
Creditors: amounts falling due after more than one year 7 (91,033) -
Net assets 441,295 312,479
Capital and reserves
Called up share capital 100 100
Profit and loss account 441,195 312,379
Shareholders' funds 441,295 312,479
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J O Brown
Director
Approved by the board on 26 January 2025
J O Brown Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 400,000
At 30 April 2024 400,000
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 400,000
At 30 April 2023 400,000
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 113,541 - 113,541
Additions 10,350 131,165 141,515
At 30 April 2024 123,891 131,165 255,056
Depreciation
Charge for the year 20,489 2,186 22,675
At 30 April 2024 20,489 2,186 22,675
Net book value
At 30 April 2024 103,402 128,979 232,381
At 30 April 2023 113,541 - 113,541
5 Debtors 2024 2023
£ £
Trade debtors 16,000 17,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 14,556 -
Trade creditors 1,758 34,651
Taxation and social security costs 20,638 28,904
Other creditors 93,894 196,457
130,846 260,012
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 91,033 -
8 Transactions with director
At the year end, the company owed £93,894 (30.4.23: £196,457) to the director, J O Brown.
9 Controlling party
The controlling party is J O Brown, by virtue of shareholding.
10 Other information
J O Brown Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Chargot Road
Cardiff
CF5 1EW
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