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REGISTERED NUMBER: 07217163 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DRAYCOTT BROWNE LIMITED

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAYCOTT BROWNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S D Draycott
R Mann
Ms W Zhou





SECRETARY: Mrs F L Cunningham





REGISTERED OFFICE: 12 Oxford Court
Manchester
Greater Manchester
M2 3WQ





REGISTERED NUMBER: 07217163 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 129,455 47,594
129,455 47,594

CURRENT ASSETS
Debtors 6 1,794,711 1,282,735
Cash in hand 27 -
1,794,738 1,282,735
CREDITORS
Amounts falling due within one year 7 1,055,490 882,413
NET CURRENT ASSETS 739,248 400,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,703

447,916

CREDITORS
Amounts falling due after more than one year 8 (323,846 ) (348,303 )

PROVISIONS FOR LIABILITIES (25,057 ) (279 )
NET ASSETS 519,800 99,334

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 519,798 99,332
SHAREHOLDERS' FUNDS 519,800 99,334

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

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

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

BALANCE SHEET - continued
31 MAY 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 9 January 2025 and were signed on its behalf by:





S D Draycott - Director


DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Draycott Browne 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on cost

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 813,335
AMORTISATION
At 1 June 2023
and 31 May 2024 813,335
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 77,805 80,562 - 40,977 199,344
Additions - - 130,233 - 130,233
At 31 May 2024 77,805 80,562 130,233 40,977 329,577
DEPRECIATION
At 1 June 2023 31,900 78,873 - 40,977 151,750
Charge for year 15,561 253 32,558 - 48,372
At 31 May 2024 47,461 79,126 32,558 40,977 200,122
NET BOOK VALUE
At 31 May 2024 30,344 1,436 97,675 - 129,455
At 31 May 2023 45,905 1,689 - - 47,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 1,065,701 491,678
Other debtors 729,010 791,057
1,794,711 1,282,735

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 268,076 460,328
Hire purchase contracts 17,300 -
Trade creditors 139,705 71,193
Taxation and social security 558,358 277,430
Other creditors 72,051 73,462
1,055,490 882,413

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 116,840 204,303
Hire purchase contracts 98,506 -
Other creditors 108,500 144,000
323,846 348,303

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank overdrafts 60,513 90,909
Bank loans 324,403 573,722
384,916 664,631

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/5/24 31/5/23
£    £   
S D Draycott
Balance outstanding at start of year 463,146 195,723
Amounts advanced 300,750 467,423
Amounts repaid (400,000 ) (200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 363,896 463,146

R Mann
Balance outstanding at start of year (221 ) -
Amounts advanced 95,229 99,779
Amounts repaid (100,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,992 ) (221 )

DRAYCOTT BROWNE LIMITED (REGISTERED NUMBER: 07217163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £500,000 (2023 - £300,000) were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Draycott.