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COMPANY REGISTRATION NUMBER: 04334242
D Brown Building & Joinery Limited
Filleted Unaudited Financial Statements
30 September 2024
D Brown Building & Joinery Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
26,772
16,945
Current assets
Stocks
134,000
136,500
Debtors
6
55,209
124,267
Cash at bank and in hand
277,742
27,033
---------
---------
466,951
287,800
Creditors: amounts falling due within one year
7
337,173
199,222
---------
---------
Net current assets
129,778
88,578
---------
---------
Total assets less current liabilities
156,550
105,523
Creditors: amounts falling due after more than one year
8
12,777
16,666
Provisions
Taxation including deferred tax
6,297
---------
---------
Net assets
137,476
88,857
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
137,376
88,757
---------
--------
Shareholders funds
137,476
88,857
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
D Brown Building & Joinery Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
Mr R J Brownrigg
Director
Company registration number: 04334242
D Brown Building & Joinery Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1 Telford House, Warwick Road, Carlisle, Cumbria, CA1 2BT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 9 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost
At 1 October 2023
2,315
73,218
503
76,036
Additions
18,750
18,750
Disposals
( 503)
( 503)
--------
--------
----
--------
At 30 September 2024
21,065
73,218
94,283
--------
--------
----
--------
Depreciation
At 1 October 2023
1,058
57,530
503
59,091
Charge for the year
5,001
3,922
8,923
Disposals
( 503)
( 503)
--------
--------
----
--------
At 30 September 2024
6,059
61,452
67,511
--------
--------
----
--------
Carrying amount
At 30 September 2024
15,006
11,766
26,772
--------
--------
----
--------
At 30 September 2023
1,257
15,688
16,945
--------
--------
----
--------
6. Debtors
2024
2023
£
£
Trade debtors
55,209
124,267
--------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
32,920
53,007
Corporation tax
29,604
9,492
Social security and other taxes
39,206
12,177
Other creditors
225,443
114,546
---------
---------
337,173
199,222
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,666
16,666
Other creditors
6,111
--------
--------
12,777
16,666
--------
--------
9. Related party transactions
The company was under the control of Mr D C Brown & Mr R J Brownrigg throughout the previous year and until 12 October 2023 during the current year. Since 12 October 2023 the company was under the control of Mr R J Brownrigg . Mr Brownrigg is the sole director and majority shareholder and together with his wife holds all of the issued share capital. During the year dividends of £51,171 (2023 - £16,925) were paid to Mr & Mrs Brownrigg and Mr Brown. On the balance sheet date the company owed Mr & Mrs Brownrigg and Mr Brown £114,246 (2023 - £114,246) and this is included in Other creditors.