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Registration number: 08837458

Grant and Brown Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Grant and Brown Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Grant and Brown Limited

(Registration number: 08837458)
Statement of Financial Position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

1,920

-

Tangible assets

5

3,699

3,496

 

5,619

3,496

Current assets

 

Debtors

6

18,307

48,810

Cash at bank and in hand

 

67,622

80,131

 

85,929

128,941

Creditors: Amounts falling due within one year

7

(16,102)

(29,702)

Net current assets

 

69,827

99,239

Total assets less current liabilities

 

75,446

102,735

Provisions for liabilities

(925)

(874)

Net assets

 

74,521

101,861

Capital and reserves

 

Called up share capital

102

102

Profit and loss account

74,419

101,759

Shareholders' funds

 

74,521

101,861

For the financial year ending 31 January 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 year 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 20 May 2025 and signed on its behalf by:
 


R J Grant
Director

 

Grant and Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
Glove Factory Studios
Brook Lane
Holt
Bradford-On-Avon
BA14 6RL

Principal activity

The principal activity of the company is that of consulting geotechnical engineering.

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.

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.

 

Grant and Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

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

Fittings fixtures and equipment

25% reducing balance

Fittings fixtures and equipment

25% straight line

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software

Straight line over 5 years

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

 

Grant and Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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 year, was 2 (2024 - 2).

 

Grant and Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4

Intangible assets

Software
 £

Total
£

Cost or valuation

Additions acquired separately

2,400

2,400

At 31 January 2025

2,400

2,400

Amortisation

Amortisation charge

480

480

At 31 January 2025

480

480

Carrying amount

At 31 January 2025

1,920

1,920

5

Tangible assets

Fixtures fittings and equipment
£

Total
£

Cost or valuation

At 1 February 2024

22,532

22,532

Additions

1,179

1,179

At 31 January 2025

23,711

23,711

Depreciation

At 1 February 2024

19,036

19,036

Charge for the year

976

976

At 31 January 2025

20,012

20,012

Carrying amount

At 31 January 2025

3,699

3,699

At 31 January 2024

3,496

3,496

 

Grant and Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6

Debtors

2025
£

2024
£

Trade debtors

6,081

36,422

Prepayments

12,226

12,388

18,307

48,810

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Taxation and social security

13,338

27,043

Accruals and deferred income

2,140

2,035

Other creditors

624

624

16,102

29,702

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

983

4,581

Later than one year and not later than five years

-

938

983

5,519

The amount of non-cancellable operating lease payments recognised as an expense during the year was £4,020 (2024 - £7,855).

 

Grant and Brown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

10

Related party transactions

During the year the directors entered into the following advances and credits with the company:

2025

At 1 February 2024
£

Advances/
(credits) to directors
£

Amounts repaid to directors
£

At 31 January 2025
£

R J Grant

(312)

(312)

312

(312)

         
       

D M Brown

(312)

(312)

312

(312)

         
       

 

2024

At 1 February 2023
£

Advances/
(credits) to directors
£

Amounts repaid to directors
£

At 31 January 2024
£

R J Grant

(312)

(312)

312

(312)

D M Brown

(312)

(312)

312

(312)