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Registered Number: 06896734
England and Wales

 

 

 

MATT BROWNING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Matthew Browning
Registered Number 06896734
Registered Office 54 Red Rose
Binfield
Berkshire
RG42 5LD
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
Secretary Heather Browning
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 3,252    4,066 
Tangible fixed assets 4 35,568    13,373 
38,820    17,439 
Current assets      
Stocks 5 8,006    2,380 
Debtors 6 21,288    9,234 
Cash at bank and in hand 33,119    32,029 
62,413    43,643 
Creditors: amount falling due within one year 7 (43,635)   (15,998)
Net current assets 18,778    27,645 
 
Total assets less current liabilities 57,598    45,084 
Net assets 57,598    45,084 
 

Capital and reserves
     
Called up share capital 2    1 
Profit and loss account 57,596    46,088 
Shareholders' funds 57,598    46,089 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 17 January 2025 and were signed by:


-------------------------------
Matthew Browning
Director
2
General Information
Matt Browning Limited is a private company, limited by shares, registered in England and Wales, registration number 06896734, registration address 54 Red Rose, Binfield, Berkshire, RG42 5LD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Plant and Machinery 20% Reducing Balance
Computer Equipment 33.33% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 3).
3.

Intangible fixed assets

Cost Website 20% reducing balance   Total
  £   £
At 01 June 2023 5,555    5,555 
Additions  
Disposals  
At 31 May 2024 5,555    5,555 
Amortisation
At 01 June 2023 1,489    1,489 
Charge for year 814    814 
On disposals  
At 31 May 2024 2,303    2,303 
Net book values
At 31 May 2024 3,252    3,252 
At 31 May 2023 4,066    4,066 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2023 17,398    24,149    8,179    11,571    61,297 
Additions 2,105    29,995    1,553      33,653 
Disposals   (6,000)       (6,000)
At 31 May 2024 19,503    48,144    9,732    11,571    88,950 
Depreciation
At 01 June 2023 11,873    20,935    5,048    10,068    47,924 
Charge for year 1,348    5,553    896    501    8,298 
On disposals   (2,840)       (2,840)
At 31 May 2024 13,221    23,648    5,944    10,569    53,382 
Net book values
Closing balance as at 31 May 2024 6,282    24,496    3,788    1,002    35,568 
Opening balance as at 01 June 2023 5,525    3,214    3,131    1,503    13,373 


5.

Stocks

2024
£
  2023
£
Stocks 8,006    2,380 
8,006    2,380 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 7,762    8,155 
Prepayments 3,553    1,079 
Accrued Income 9,973   
21,288    9,234 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 5,958    4,010 
Corporation Tax 3,214    3,543 
PAYE & Social Security 913    1,964 
Accrued Expenses   750 
Pension Payable 503   
Directors' Current Accounts 26,087    651 
VAT Control Account 6,960    5,080 
43,635    15,998 

3