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REGISTERED NUMBER: 02653002 (England and Wales)
















L.E. BRAND & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






L.E. BRAND & SONS LIMITED (REGISTERED NUMBER: 02653002)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L.E. BRAND & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J.D. Brand
Mrs S.M. Brand
Mrs L. Stafford





SECRETARY: Mrs S.M. Brand





REGISTERED OFFICE: 15/17 Wharf Road
Stanford-Le-Hope
Essex
SS17 0BZ





REGISTERED NUMBER: 02653002 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

L.E. BRAND & SONS LIMITED (REGISTERED NUMBER: 02653002)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 885,424 972,398

CURRENT ASSETS
Stocks 36,354 27,277
Debtors 5 118,764 142,058
Cash at bank and in hand 449,033 427,369
604,151 596,704
CREDITORS
Amounts falling due within one year 6 116,039 166,408
NET CURRENT ASSETS 488,112 430,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,373,536

1,402,694

PROVISIONS FOR LIABILITIES 48,217 65,300
NET ASSETS 1,325,319 1,337,394

CAPITAL AND RESERVES
Called up share capital 148 148
Share premium 545,361 545,361
Revaluation reserve 371,884 371,884
Retained earnings 407,926 420,001
1,325,319 1,337,394

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

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

L.E. BRAND & SONS LIMITED (REGISTERED NUMBER: 02653002)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





J.D. Brand - Director


L.E. BRAND & SONS LIMITED (REGISTERED NUMBER: 02653002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

L.E. Brand & Sons 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 (£).


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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.


L.E. BRAND & SONS LIMITED (REGISTERED NUMBER: 02653002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 737,645 1,035,869 1,773,514
Additions - 8,306 8,306
At 31 December 2024 737,645 1,044,175 1,781,820
DEPRECIATION
At 1 January 2024 94,393 706,723 801,116
Charge for year 14,467 80,813 95,280
At 31 December 2024 108,860 787,536 896,396
NET BOOK VALUE
At 31 December 2024 628,785 256,639 885,424
At 31 December 2023 643,252 329,146 972,398

L.E. BRAND & SONS LIMITED (REGISTERED NUMBER: 02653002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 186,194 - 186,194
Cost 551,451 1,044,175 1,595,626
737,645 1,044,175 1,781,820

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 551,451 551,451
Aggregate depreciation 273,924 262,895

Value of land in freehold land and buildings 200,000 200,000

Freehold land and buildings were valued on an open market basis on 31 December 2018 by Hair and Sons .

The directors are of the opinion that the professional property revaluation made previously continues to be an appropriate value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,467 123,007
Other debtors 18,297 19,051
118,764 142,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,738 24,361
Taxation and social security 90,054 125,216
Other creditors 17,247 16,831
116,039 166,408