2 2 Browhill Limited 13192821 false 2024-02-29 2025-02-28 2025-02-28 The principal activity of the company is that of creative marketing services. Digita Accounts Production Advanced 6.30.9574.0 true 13192821 2024-02-29 2025-02-28 13192821 2025-02-28 13192821 core:CurrentFinancialInstruments 2025-02-28 13192821 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 13192821 core:FurnitureFittings 2025-02-28 13192821 core:LandBuildings core:ShortLeaseholdAssets 2025-02-28 13192821 1 2025-02-28 13192821 bus:SmallEntities 2024-02-29 2025-02-28 13192821 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 13192821 bus:FilletedAccounts 2024-02-29 2025-02-28 13192821 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 13192821 bus:RegisteredOffice 2024-02-29 2025-02-28 13192821 bus:Director1 2024-02-29 2025-02-28 13192821 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 13192821 core:FurnitureFittings 2024-02-29 2025-02-28 13192821 core:LandBuildings 2024-02-29 2025-02-28 13192821 core:LandBuildings core:ShortLeaseholdAssets 2024-02-29 2025-02-28 13192821 countries:AllCountries 2024-02-29 2025-02-28 13192821 1 2024-02-29 2025-02-28 13192821 2024-02-28 13192821 core:FurnitureFittings 2024-02-28 13192821 core:LandBuildings core:ShortLeaseholdAssets 2024-02-28 13192821 1 2024-02-28 13192821 2023-03-01 2024-02-28 13192821 2024-02-28 13192821 core:CurrentFinancialInstruments 2024-02-28 13192821 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 13192821 core:FurnitureFittings 2024-02-28 13192821 core:LandBuildings core:ShortLeaseholdAssets 2024-02-28 13192821 1 2024-02-28 13192821 1 2023-03-01 2024-02-28 13192821 1 2023-02-28 xbrli:pure iso4217:GBP

Registration number: 13192821

Browhill Limited

Unaudited Filleted Financial Statements

for the Period from 29 February 2024 to 28 February 2025

 

Browhill Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Browhill Limited

(Registration number: 13192821)
Statement of Financial Position as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

34,012

41,861

Current assets

 

Debtors

5

4,800

6,632

Cash at bank and in hand

 

39,912

41,417

 

44,712

48,049

Creditors: Amounts falling due within one year

6

(5,199)

(5,409)

Net current assets

 

39,513

42,640

Total assets less current liabilities

 

73,525

84,501

Provisions for liabilities

(6,462)

(7,954)

Net assets

 

67,063

76,547

Capital and reserves

 

Called up share capital

102

102

Profit and loss account

66,961

76,445

Shareholders' funds

 

67,063

76,547

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:
 


Mr S Gardner
Director

 

Browhill Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Timberly
South Street
Axminster
Devon
EX13 5AD

Principal activity

The principal activity of the company is that of creative marketing services.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Browhill Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

20% reducing balance

Fixtures and fittings

25% straight line

 

Browhill Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

 

Browhill Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025 (continued)

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 29 February 2024

74,842

7,066

81,908

Additions

-

2,582

2,582

At 28 February 2025

74,842

9,648

84,490

Depreciation

At 29 February 2024

34,746

5,301

40,047

Charge for the period

8,020

2,411

10,431

At 28 February 2025

42,766

7,712

50,478

Carrying amount

At 28 February 2025

32,076

1,936

34,012

At 28 February 2024

40,096

1,765

41,861

Included within the net book value of land and buildings above is £32,076 (2024 - £40,096) in respect of short leasehold land and buildings.
 

5

Debtors

2025
£

2024
£

Trade debtors

4,800

5,484

Other debtors

-

1,148

4,800

6,632

 

Browhill Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

3,928

3,535

Accruals and deferred income

1,048

990

Other creditors

223

884

5,199

5,409

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with directors

2025

At 29 February 2024
£

Advances to director
£

Repayments by director
£

At 28 February 2025
£

836

1,673

(2,732)

(223)

         
       

 

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 28 February 2024
£

(38,059)

39,519

(624)

836