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REGISTERED NUMBER: 04272547 (England and Wales)















Browns Domestic Appliances Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Browns Domestic Appliances Limited (Registered number: 04272547)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Browns Domestic Appliances Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs A C Brown
D P M Askey
P S Brown



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 04272547 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
26/30 Regent Street
Weston-Super-Mare
North Somerset
BS23 1SH

Browns Domestic Appliances Limited (Registered number: 04272547)

Abridged Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,314 12,483

CURRENT ASSETS
Stocks 13,911 17,652
Debtors 27,484 31,294
Cash at bank 45,118 52,769
86,513 101,715
CREDITORS
Amounts falling due within one year 22,176 28,292
NET CURRENT ASSETS 64,337 73,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,651

85,906

CREDITORS
Amounts falling due after more than one
year

(13,364

)

-

PROVISIONS FOR LIABILITIES (4,500 ) (1,600 )
NET ASSETS 71,787 84,306

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,687 84,206
SHAREHOLDERS' FUNDS 71,787 84,306

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

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

Browns Domestic Appliances Limited (Registered number: 04272547)

Abridged Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





P S Brown - Director


Browns Domestic Appliances Limited (Registered number: 04272547)

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

1. STATUTORY INFORMATION

Browns Domestic Appliances 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. 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 financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Browns Domestic Appliances Limited (Registered number: 04272547)

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

3. ACCOUNTING POLICIES - continued

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
Totals
£   
COST
At 1 November 2023 53,666
Additions 25,095
Disposals (17,651 )
At 31 October 2024 61,110
DEPRECIATION
At 1 November 2023 41,183
Charge for year 10,496
Eliminated on disposal (15,883 )
At 31 October 2024 35,796
NET BOOK VALUE
At 31 October 2024 25,314
At 31 October 2023 12,483

Browns Domestic Appliances Limited (Registered number: 04272547)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 24,295
At 31 October 2024 24,295
DEPRECIATION
Charge for year 6,074
At 31 October 2024 6,074
NET BOOK VALUE
At 31 October 2024 18,221

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 16,991 -

Amounts due on hire purchase contracts are secured over the specific assets financed.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
P S Brown and Mrs A C Brown
Balance outstanding at start of year 18,735 8,656
Amounts advanced 27,194 28,279
Amounts repaid (32,800 ) (18,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,129 18,735

D P M Askey
Balance outstanding at start of year - -
Amounts advanced 27,118 -
Amounts repaid (22,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,118 -

Browns Domestic Appliances Limited (Registered number: 04272547)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P S Brown.