Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07812253 Mr R Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07812253 2023-12-31 07812253 2024-12-31 07812253 2024-01-01 2024-12-31 07812253 frs-core:CurrentFinancialInstruments 2024-12-31 07812253 frs-core:Non-currentFinancialInstruments 2024-12-31 07812253 frs-core:BetweenOneFiveYears 2024-12-31 07812253 frs-core:ComputerEquipment 2024-12-31 07812253 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07812253 frs-core:ComputerEquipment 2023-12-31 07812253 frs-core:FurnitureFittings 2024-12-31 07812253 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07812253 frs-core:FurnitureFittings 2023-12-31 07812253 frs-core:NetGoodwill 2024-12-31 07812253 frs-core:NetGoodwill 2024-01-01 2024-12-31 07812253 frs-core:NetGoodwill 2023-12-31 07812253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 07812253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07812253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07812253 frs-core:MoreThanFiveYears 2024-12-31 07812253 frs-core:MotorVehicles 2024-12-31 07812253 frs-core:MotorVehicles 2024-01-01 2024-12-31 07812253 frs-core:MotorVehicles 2023-12-31 07812253 frs-core:PlantMachinery 2024-12-31 07812253 frs-core:PlantMachinery 2024-01-01 2024-12-31 07812253 frs-core:PlantMachinery 2023-12-31 07812253 frs-core:WithinOneYear 2024-12-31 07812253 frs-core:ShareCapital 2024-12-31 07812253 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07812253 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07812253 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07812253 frs-bus:SmallEntities 2024-01-01 2024-12-31 07812253 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07812253 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07812253 frs-bus:Director1 2024-01-01 2024-12-31 07812253 frs-core:CurrentFinancialInstruments 9 2024-12-31 07812253 frs-countries:EnglandWales 2024-01-01 2024-12-31 07812253 2022-12-31 07812253 2023-12-31 07812253 2023-01-01 2023-12-31 07812253 frs-core:CurrentFinancialInstruments 2023-12-31 07812253 frs-core:Non-currentFinancialInstruments 2023-12-31 07812253 frs-core:BetweenOneFiveYears 2023-12-31 07812253 frs-core:MoreThanFiveYears 2023-12-31 07812253 frs-core:WithinOneYear 2023-12-31 07812253 frs-core:ShareCapital 2023-12-31 07812253 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07812253 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: 07812253
Browns Of Brockley Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
dines Accountancy Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Browns Of Brockley Ltd For The Year Ended 31 December 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Browns Of Brockley Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Browns Of Brockley Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Browns Of Brockley Ltd and state those matters that we have agreed to state to the director of Browns Of Brockley Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Browns Of Brockley Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Browns Of Brockley Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Browns Of Brockley Ltd . You consider that Browns Of Brockley Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Browns Of Brockley Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Robert Fiford FCCA
15/05/2025
dines Accountancy Limited
ACCA
Edinburgh House
170 Kennington Lane
London
SE11 5DP
Page 1
Page 2
Balance Sheet
Registered number: 07812253
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,584 6,584
Tangible Assets 5 176,559 216,417
182,143 223,001
CURRENT ASSETS
Stocks 6 27,258 33,200
Debtors 7 58,041 92,142
Cash at bank and in hand 405,771 278,151
491,070 403,493
Creditors: Amounts Falling Due Within One Year 8 (177,512 ) (176,425 )
NET CURRENT ASSETS (LIABILITIES) 313,558 227,068
TOTAL ASSETS LESS CURRENT LIABILITIES 495,701 450,069
Creditors: Amounts Falling Due After More Than One Year 9 (11,292 ) (75,210 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,217 ) (44,193 )
NET ASSETS 449,192 330,666
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 449,092 330,566
SHAREHOLDERS' FUNDS 449,192 330,666
Page 2
Page 3
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Brown
Director
15/05/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Browns Of Brockley Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07812253 . The registered office is 5 Coulgate Street, Brockley, London, SE4 2RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% reducing balance
Plant & Machinery 25% and 33% reducing balance
Motor Vehicles 10% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 27)
29 27
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Amortisation
As at 1 January 2024 3,416
Provided during the period 1,000
As at 31 December 2024 4,416
Net Book Value
As at 31 December 2024 5,584
As at 1 January 2024 6,584
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 18,593 276,219 82,049 93,073
Additions - 17,397 - 6,258
Disposals - (17,013 ) - (238 )
As at 31 December 2024 18,593 276,603 82,049 99,093
Depreciation
As at 1 January 2024 9,100 154,796 30,803 62,979
Provided during the period 2,373 38,236 8,596 8,044
Disposals - (9,978 ) - (15 )
As at 31 December 2024 11,473 183,054 39,399 71,008
Net Book Value
As at 31 December 2024 7,120 93,549 42,650 28,085
As at 1 January 2024 9,493 121,423 51,246 30,094
Computer Equipment Total
£ £
Cost
As at 1 January 2024 18,315 488,249
Additions 2,705 26,360
Disposals - (17,251 )
As at 31 December 2024 21,020 497,358
Depreciation
As at 1 January 2024 14,154 271,832
Provided during the period 1,711 58,960
Disposals - (9,993 )
As at 31 December 2024 15,865 320,799
Net Book Value
As at 31 December 2024 5,155 176,559
As at 1 January 2024 4,161 216,417
6. Stocks
2024 2023
£ £
Finished goods 27,258 33,200
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Page 7
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,777 619
Prepayments and accrued income 31,011 21,256
Other debtors 24,250 24,250
Corporation tax recoverable assets - 5,047
Other taxes and social security 3 3
Amounts owed by group undertakings - 40,967
58,041 92,142
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,095 26,504
Bank loans and overdrafts 64,563 57,802
Corporation tax 53,498 49,085
VAT 39,665 33,721
Other creditors 4,264 7,658
Accruals and deferred income 4,396 1,579
Director's loan account 31 76
177,512 176,425
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,292 75,210
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 139,979 85,000
Later than one year and not later than five years 463,505 120,000
Later than five years 156,712 -
760,196 205,000
Page 7