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REGISTERED NUMBER: SC703118 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MARK BROWNIE JOINERY LTD

MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

MARK BROWNIE JOINERY LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr M Brownie
Ms S Sullivan





REGISTERED OFFICE: Breemies Brae
Lyne of Skene
Westhill
Aberdeenshire
AB32 7DA





REGISTERED NUMBER: SC703118 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 92,206 65,956

CURRENT ASSETS
Stocks 6 1,110 1,045
Debtors 7 6,686 8,363
Cash at bank 11,164 50,385
18,960 59,793
CREDITORS
Amounts falling due within one year 8 34,749 70,293
NET CURRENT LIABILITIES (15,789 ) (10,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,417

55,456

CREDITORS
Amounts falling due after more than one year 9 (51,547 ) (39,557 )

PROVISIONS FOR LIABILITIES 10 (21,209 ) (15,683 )
NET ASSETS 3,661 216

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 3,561 116
SHAREHOLDERS' FUNDS 3,661 216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2025 and were signed on its behalf by:





Mr M Brownie - Director


MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Mark Brownie Joinery Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, aremeasured at transaction price.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and loans, are recognised at transaction price.

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.


MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. 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 contracts 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 - 13,294 65,035 238 78,567
Additions 7,370 37,983 - - 45,353
Disposals - - (3,450 ) - (3,450 )
At 31 July 2024 7,370 51,277 61,585 238 120,470
DEPRECIATION
At 1 August 2023 - 4,286 8,167 158 12,611
Charge for year - 4,636 12,317 80 17,033
Eliminated on disposal - - (1,380 ) - (1,380 )
At 31 July 2024 - 8,922 19,104 238 28,264
NET BOOK VALUE
At 31 July 2024 7,370 42,355 42,481 - 92,206
At 31 July 2023 - 9,008 56,868 80 65,956

MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 - 55,640 55,640
Additions 33,950 - 33,950
At 31 July 2024 33,950 55,640 89,590
DEPRECIATION
At 1 August 2023 - 4,637 4,637
Charge for year 707 11,128 11,835
At 31 July 2024 707 15,765 16,472
NET BOOK VALUE
At 31 July 2024 33,243 39,875 73,118
At 31 July 2023 - 51,003 51,003

6. STOCKS
2024 2023
£    £   
Stocks 1,110 1,045

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 175
Tax 609 7,170
VAT 4,584 -
Prepayments 1,493 1,018
6,686 8,363

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,979 10,788
Trade creditors 3,058 25,032
VAT - 2,620
Other creditors 98 154
Directors' current accounts 13,614 31,699
34,749 70,293

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 51,547 39,557

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,209 15,683

MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 15,683
Provided during year 5,526
Balance at 31 July 2024 21,209

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr M Brownie
Balance outstanding at start of year (27,124 ) (5,067 )
Amounts advanced 30,465 11,378
Amounts repaid (16,607 ) (33,435 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,266 ) (27,124 )

Ms S Sullivan
Balance outstanding at start of year (4,574 ) (2,262 )
Amounts advanced 4,538 -
Amounts repaid (312 ) (2,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (348 ) (4,574 )

These amounts bear no interest and have no fixed repayment terms.

13. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling party is Mr M Brownie and Ms S Sullivan

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARK BROWNIE JOINERY LTD (REGISTERED NUMBER: SC703118)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Brownie Joinery Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Mark Brownie Joinery Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Brownie Joinery Ltd and state those matters that we have agreed to state to the Board of Directors of Mark Brownie Joinery Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mark Brownie Joinery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mark Brownie Joinery Ltd. You consider that Mark Brownie Joinery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mark Brownie Joinery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


23 February 2025