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REGISTERED NUMBER: 05097542 (England and Wales)


J C Brown Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






J C Brown Limited (Registered number: 05097542)






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


J C Brown Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J C Brown





SECRETARY: Mrs M Taube-Brown





REGISTERED OFFICE: Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES





REGISTERED NUMBER: 05097542 (England and Wales)





ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES

J C Brown Limited (Registered number: 05097542)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 369,210 369,234
369,210 369,234

CURRENT ASSETS
Stocks 15,000 127,013
Debtors 6 182,106 170,598
Cash at bank 45,530 43,152
242,636 340,763
CREDITORS
Amounts falling due within one year 7 314,009 397,279
NET CURRENT LIABILITIES (71,373 ) (56,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,837

312,718

PROVISIONS FOR LIABILITIES 61,967 64,318
NET ASSETS 235,870 248,400

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 234,870 247,400
SHAREHOLDERS' FUNDS 235,870 248,400

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 director acknowledges his 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.

J C Brown Limited (Registered number: 05097542)

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 director and authorised for issue on 25 February 2025 and were signed by:





J C Brown - Director


J C Brown Limited (Registered number: 05097542)

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

1. STATUTORY INFORMATION

J C Brown 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 2004, is being amortised evenly over its estimated useful life of fifteen 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.
Buildings - No depreciation
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% 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 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.


J C Brown Limited (Registered number: 05097542)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 90,000
AMORTISATION
At 1 June 2023
and 31 May 2024 90,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

J C Brown Limited (Registered number: 05097542)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2023 43,036 646,868 622,023 1,311,927
Additions - 18,136 56,750 74,886
Disposals - - (4,500 ) (4,500 )
At 31 May 2024 43,036 665,004 674,273 1,382,313
DEPRECIATION
At 1 June 2023 - 501,260 441,433 942,693
Charge for year - 24,562 46,748 71,310
Eliminated on disposal - - (900 ) (900 )
At 31 May 2024 - 525,822 487,281 1,013,103
NET BOOK VALUE
At 31 May 2024 43,036 139,182 186,992 369,210
At 31 May 2023 43,036 145,608 180,590 369,234

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 163,695 160,370
Other debtors 1,238 1,238
Social security and other tax - 229
Prepayments 17,173 8,761
182,106 170,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 21,882 57,558
Dividends 7,647 19,509
Corporation tax 8,204 20,607
VAT 15,867 12,182
Other creditors 12,962 13,179
Directors' current accounts 247,447 274,244
314,009 397,279

J C Brown Limited (Registered number: 05097542)

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

8. RESERVES
Retained
earnings
£   

At 1 June 2023 247,400
Profit for the year 37,181
Dividends (49,711 )
At 31 May 2024 234,870