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REGISTERED NUMBER: 11021239 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Gordon Brown & Sons Ltd

Gordon Brown & Sons Ltd (Registered number: 11021239)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gordon Brown & Sons Ltd

Company Information
for the year ended 31 October 2024







DIRECTORS: D M Brown
S T Rutter-Brown





REGISTERED OFFICE: Oak Tree Cottage
Hodge Lane
Hartford
Northwich
Cheshire
CW8 2SE





REGISTERED NUMBER: 11021239 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Gordon Brown & Sons Ltd (Registered number: 11021239)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 9,000 12,000
Tangible assets 5 59,371 65,439
68,371 77,439

CURRENT ASSETS
Stocks 25,465 24,165
Debtors 6 29,256 33,816
Cash at bank 50,344 17,169
105,065 75,150
CREDITORS
Amounts falling due within one year 7 (121,602 ) (100,423 )
NET CURRENT LIABILITIES (16,537 ) (25,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,834

52,166

CREDITORS
Amounts falling due after more than one year 8 (27,146 ) (39,536 )

PROVISIONS FOR LIABILITIES (14,842 ) (12,433 )
NET ASSETS 9,846 197

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 9,746 97
SHAREHOLDERS' FUNDS 9,846 197

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

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

Gordon Brown & Sons Ltd (Registered number: 11021239)

Balance Sheet - continued
31 October 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 23 January 2025 and were signed on its behalf by:





S T Rutter-Brown - Director


Gordon Brown & Sons Ltd (Registered number: 11021239)

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

1. STATUTORY INFORMATION

Gordon Brown & Sons Ltd 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.

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

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised over its expected life of 10 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.
Plant and machinery etc - 10% on 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle to liability simultaneously.

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.


Gordon Brown & Sons Ltd (Registered number: 11021239)

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contacts 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 the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to re recognised as part of the cost of stock or fixed assets.

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2023
and 31 October 2024 30,000
AMORTISATION
At 1 November 2023 18,000
Charge for year 3,000
At 31 October 2024 21,000
NET BOOK VALUE
At 31 October 2024 9,000
At 31 October 2023 12,000

Gordon Brown & Sons Ltd (Registered number: 11021239)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2023 92,116
Additions 523
At 31 October 2024 92,639
DEPRECIATION
At 1 November 2023 26,677
Charge for year 6,591
At 31 October 2024 33,268
NET BOOK VALUE
At 31 October 2024 59,371
At 31 October 2023 65,439

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 November 2023
and 31 October 2024 51,801
DEPRECIATION
At 1 November 2023 8,266
Charge for year 4,353
At 31 October 2024 12,619
NET BOOK VALUE
At 31 October 2024 39,182
At 31 October 2023 43,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 588 4,158
Other debtors 6,842 7,237
Directors' current accounts 20,118 20,810
Prepayments 1,708 1,611
29,256 33,816

Gordon Brown & Sons Ltd (Registered number: 11021239)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 9) 5,772 5,772
Hire purchase contracts 6,474 6,474
Trade creditors 49,699 43,088
Tax 20,546 11,255
Social security & other taxes 4,374 2,986
VAT 23,768 20,461
Other creditors 197 -
Accrued expenses 10,772 10,387
121,602 100,423

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans (see note 9) 9,139 15,055
Hire purchase contracts 18,007 24,481
27,146 39,536

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 5,772 5,772

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,772 5,772

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,367 9,283

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

Gordon Brown & Sons Ltd (Registered number: 11021239)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
D M Brown
Balance outstanding at start of year 10,405 5,392
Amounts advanced - 5,013
Amounts repaid (346 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,059 10,405

S T Rutter-Brown
Balance outstanding at start of year 10,405 5,392
Amounts advanced - 5,013
Amounts repaid (346 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,059 10,405

The above amounts advanced to the directors attract no interest and are repayable on demand.