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REGISTERED NUMBER: 02123288 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Joseph Brown Enterprises Limited

Joseph Brown Enterprises Limited (Registered number: 02123288)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joseph Brown Enterprises Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P M Brown
J Brown
R J Brown



SECRETARY: P M Brown



REGISTERED OFFICE: Hill Top Farm
Belmont
Bolton
Lancashire
BL7 8BA



REGISTERED NUMBER: 02123288 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: LLoyds Bank plc
30 Corporation Street
Blackpool
Lancashire
FY1 1EN

Joseph Brown Enterprises Limited (Registered number: 02123288)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,967 11,958

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 169,956 24,891
Cash at bank 32,905 46,565
204,861 73,456
CREDITORS
Amounts falling due within one year 6 302,593 217,080
NET CURRENT LIABILITIES (97,732 ) (143,624 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(88,765

)

(131,666

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (88,865 ) (131,766 )
SHAREHOLDERS' FUNDS (88,765 ) (131,666 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





R J Brown - Director


Joseph Brown Enterprises Limited (Registered number: 02123288)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Joseph Brown Enterprises 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

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.

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.

Going concern
The accounts have been prepared on a going concern basis, notwithstanding a deficiency of net assets, assuming the continued support of the directors.

Joseph Brown Enterprises Limited (Registered number: 02123288)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 30,102 26,776 56,878
DEPRECIATION
At 1 April 2023 26,034 18,886 44,920
Charge for year 1,018 1,973 2,991
At 31 March 2024 27,052 20,859 47,911
NET BOOK VALUE
At 31 March 2024 3,050 5,917 8,967
At 31 March 2023 4,068 7,890 11,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,320 17,520
Other debtors 168,636 5,116
Tax - 2,255
169,956 24,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,176 7,219
VAT 5,413 3,419
Other creditors 126,062 126,302
Directors' current accounts 74,108 77,130
Accruals and deferred income 95,834 3,010
302,593 217,080

7. CALLED UP SHARE CAPITAL

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