Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 3402684 Mr FREDERICK BROWN Mr. F. J. Brown true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3402684 2023-07-31 3402684 2024-07-31 3402684 2023-08-01 2024-07-31 3402684 frs-core:CurrentFinancialInstruments 2024-07-31 3402684 frs-core:Non-currentFinancialInstruments 2024-07-31 3402684 frs-core:BetweenOneFiveYears 2024-07-31 3402684 frs-core:MotorVehicles 2024-07-31 3402684 frs-core:MotorVehicles 2023-08-01 2024-07-31 3402684 frs-core:MotorVehicles 2023-07-31 3402684 frs-core:PlantMachinery 2024-07-31 3402684 frs-core:PlantMachinery 2023-08-01 2024-07-31 3402684 frs-core:PlantMachinery 2023-07-31 3402684 frs-core:WithinOneYear 2024-07-31 3402684 frs-core:ShareCapital 2024-07-31 3402684 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 3402684 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 3402684 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 3402684 frs-bus:SmallEntities 2023-08-01 2024-07-31 3402684 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 3402684 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 3402684 1 2023-08-01 2024-07-31 3402684 frs-bus:Director1 2023-08-01 2024-07-31 3402684 frs-countries:EnglandWales 2023-08-01 2024-07-31 3402684 2022-07-31 3402684 2023-07-31 3402684 2022-08-01 2023-07-31 3402684 frs-core:CurrentFinancialInstruments 2023-07-31 3402684 frs-core:Non-currentFinancialInstruments 2023-07-31 3402684 frs-core:BetweenOneFiveYears 2023-07-31 3402684 frs-core:WithinOneYear 2023-07-31 3402684 frs-core:ShareCapital 2023-07-31 3402684 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 3402684
F. BROWN ELECTRICAL LTD
Financial Statements
For The Year Ended 31 July 2024
MUFTI & CO.
FINANCIAL ACCOUNTANTS
14 NATAL ROAD
ILFORD
ESSEX
IG1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 3402684
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,536 28,845
31,536 28,845
CURRENT ASSETS
Debtors 5 36,511 18,325
Cash at bank and in hand 36,918 1,095
73,429 19,420
Creditors: Amounts Falling Due Within One Year 6 (47,765 ) (24,229 )
NET CURRENT ASSETS (LIABILITIES) 25,664 (4,809 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,200 24,036
Creditors: Amounts Falling Due After More Than One Year 7 (6,108 ) (15,658 )
NET ASSETS 51,092 8,378
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 51,090 8,376
SHAREHOLDERS' FUNDS 51,092 8,378
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr FREDERICK BROWN
Director
25/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
F. BROWN ELECTRICAL LTD Registered number 3402684 is a limited by shares company incorporated in England & Wales. The Registered Office is 54 GORDON ROAD, GRAYS, ESSEX, RM16 2GW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 16,226 50,024 66,250
Additions 1,552 11,650 13,202
As at 31 July 2024 17,778 61,674 79,452
Depreciation
As at 1 August 2023 13,611 23,794 37,405
Provided during the period 1,041 9,470 10,511
As at 31 July 2024 14,652 33,264 47,916
Net Book Value
As at 31 July 2024 3,126 28,410 31,536
As at 1 August 2023 2,615 26,230 28,845
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,969 16,660
VAT 4,542 1,665
36,511 18,325
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,000 4,000
Trade creditors 18,920 10,431
Corporation tax 12,303 2,264
Other taxes and social security 8,834 -
Accruals and deferred income 2,516 2,188
Director's loan account 1,192 5,346
47,765 24,229
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,667 6,667
Bank loans 3,441 8,991
6,108 15,658
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,000 4,000
Later than one year and not later than five years 2,667 6,667
6,667 10,667
6,667 10,667
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 7,000 5,000
Dividend was paid to the Director Mr. F. J. Brown
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11. Ultimate Controlling Party
The company's ultimate controlling party is Mr. F. J. Brown by virtue of his ownership of 100% of the issued share capital in the company.
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