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REGISTERED NUMBER: 05468403 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Brown Signs Limited

Brown Signs Limited (Registered number: 05468403)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brown Signs Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T Brown





SECRETARY: K Brown





REGISTERED OFFICE: Airport House
Suite 43-45
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 05468403 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Brown Signs Limited (Registered number: 05468403)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,846 2,417

CURRENT ASSETS
Debtors 5 4,929 11,519
Cash at bank 16,050 16,305
20,979 27,824
CREDITORS
Amounts falling due within one year 6 (24,792 ) (15,637 )
NET CURRENT (LIABILITIES)/ASSETS (3,813 ) 12,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,033

14,604

PROVISIONS FOR LIABILITIES 8 (856 ) (459 )
NET ASSETS 177 14,145

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 9 167 14,135
177 14,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Brown Signs Limited (Registered number: 05468403)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





T Brown - Director


Brown Signs Limited (Registered number: 05468403)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Brown Signs 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.

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


The principal activity of the company was that of the design and manufacture of quality sign systems.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

TURNOVER
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% Reducing Balance
Computer equipment25% Reducing Balance
Motor vehicles 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Brown Signs Limited (Registered number: 05468403)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 36,853 6,480 11,801 55,134
Additions 3,100 - - 3,100
At 30 June 2024 39,953 6,480 11,801 58,234
DEPRECIATION
At 1 July 2023 35,566 5,787 11,364 52,717
Charge for year 386 173 112 671
At 30 June 2024 35,952 5,960 11,476 53,388
NET BOOK VALUE
At 30 June 2024 4,001 520 325 4,846
At 30 June 2023 1,287 693 437 2,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,929 11,519

Brown Signs Limited (Registered number: 05468403)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,543 2,820
Taxation and social security 5,602 5,538
Other creditors 13,647 7,279
24,792 15,637

The director considers the carrying amounts of current liabilities approximate to their fair values.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,000 14,250

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 856 459

Deferred
tax
£   
Balance at 1 July 2023 459
Provided during year 397
Balance at 30 June 2024 856

9. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Brown Signs Limited (Registered number: 05468403)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
T Brown
Balance outstanding at start of year (3,601 ) (9,944 )
Amounts advanced 9,668 22,333
Amounts repaid (16,872 ) (15,990 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,805 ) (3,601 )

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors £10,805 (2023 - £3,601) are the amount payable to the director of the company. This loan is interest free and repayable on demand..