IRIS Accounts Production v25.1.4.42 11581861 Board of Directors 30.9.24 1.10.23 30.9.24 30.9.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 0 0 true true true false true true false false false false true false 0 0 Ordinary shares 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115818612023-09-30115818612024-09-30115818612023-10-012024-09-30115818612022-09-30115818612022-10-012023-09-30115818612023-09-3011581861ns15:EnglandWales2023-10-012024-09-3011581861ns14:PoundSterling2023-10-012024-09-3011581861ns10:Director12023-10-012024-09-3011581861ns10:Consolidated2024-09-3011581861ns10:ConsolidatedGroupCompanyAccounts2023-10-012024-09-3011581861ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011581861ns10:Consolidatedns10:MediumEntities2023-10-012024-09-3011581861ns10:Consolidatedns10:Audited2023-10-012024-09-3011581861ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3011581861ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3011581861ns10:Consolidated2023-10-012024-09-3011581861ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3011581861ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3011581861ns10:FullAccounts2023-10-012024-09-3011581861ns5:Subsidiary12023-10-012024-09-301158186112023-10-012024-09-3011581861ns10:OrdinaryShareClass12023-10-012024-09-3011581861ns10:Director22023-10-012024-09-3011581861ns10:Director32023-10-012024-09-3011581861ns10:Director42023-10-012024-09-3011581861ns10:RegisteredOffice2023-10-012024-09-3011581861ns10:Consolidated2022-10-012023-09-3011581861ns5:CurrentFinancialInstruments2024-09-3011581861ns5:CurrentFinancialInstruments2023-09-3011581861ns5:ShareCapital2024-09-3011581861ns5:ShareCapital2023-09-3011581861ns5:RetainedEarningsAccumulatedLosses2024-09-3011581861ns5:RetainedEarningsAccumulatedLosses2023-09-3011581861ns5:ShareCapital2022-09-3011581861ns5:RetainedEarningsAccumulatedLosses2022-09-3011581861ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3011581861ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-301158186112023-10-012024-09-3011581861ns5:NetGoodwill2023-10-012024-09-3011581861ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011581861ns5:LandBuildings2023-09-3011581861ns5:LandBuildings2023-10-012024-09-3011581861ns5:LandBuildings2024-09-3011581861ns5:LandBuildings2023-09-3011581861ns5:CostValuation2023-09-30115818611ns5:Subsidiary12023-10-012024-09-3011581861ns5:Subsidiary12024-09-3011581861ns5:Subsidiary12023-09-3011581861ns5:Subsidiary12022-10-012023-09-3011581861ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 11581861 (England and Wales)















G H BROOKS & CO (HOLDINGS) LTD

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 17


G H BROOKS & CO (HOLDINGS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J P Broadwith
Mr A J Broadwith
Mrs J Broadwith
Mr M T D Ward





REGISTERED OFFICE: Hartwith House
Claro Road
Harrogate
North Yorkshire
HG1 4DS





REGISTERED NUMBER: 11581861 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
On 12 August 2024, the group acquired the entire share capital of J Marsland & Sons Limited, a private company registered in England. Subsequent to the year end, the entire trade of J Marsland & Sons Limited was hived up into the subsidiary company.

Trading again remained largely flat throughout the year and, over the course of the year, turnover fell by 2.3% and gross profit margins fell slightly from 34.4% to 34.1%. The acquisition of J Marsland &Sons Limited towards the end of the year helped to limit the fall in group turnover and will add to the growth of the group in the future. Net assets for the group increased from £14,011,537 to £16,020,814 but net current assets fell from £7,986,754 to £5,315,330 mainly due to the cash acquisition of J Marsland & Sons Limited.

Cost pressures continue to persist, however the directors are encouraged by this performance and the continued focus on improving efficiencies and margins. Focus remains on customer service, delivered by outstanding staff and management vision.

The holding company continues to receive rental income on the properties owned.

The directors are very satisfied with the results for the year and the long-term prospects for the future.

The company has taken advantage of the exemptions available to medium sized companies concerning key performance indicators.

PRINCIPAL RISKS AND UNCERTAINTIES
Given the nature of the market in which the group operates, there is a degree of risk of bad debts but the directors are confident that that the policies they have implemented help to mitigate those risks.

ON BEHALF OF THE BOARD:





Mr J P Broadwith - Director


24 June 2025

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the retail and wholesale of building materials.

DIVIDENDS
No dividends will be distributed for the year ended 30 September 2024.

FUTURE DEVELOPMENTS
Since the year end, trading continues to be robust despite the backdrop of challenging conditions in the building sector. The directors are not intending to make any significant changes to the nature of the business in the near future but remain watchful of any opportunities for growth.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr J P Broadwith
Mr A J Broadwith
Mrs J Broadwith

Other changes in directors holding office are as follows:

Mr M T D Ward - appointed 14 August 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, DSC Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr J P Broadwith - Director


24 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
G H BROOKS & CO (HOLDINGS) LTD

Opinion
We have audited the financial statements of G H Brooks & Co (Holdings) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
G H BROOKS & CO (HOLDINGS) LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and the inspection of other regulatory and legal correspondence.

We addressed the risk of management override of internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud and the completeness of income recognition by testing from despatch documentation. We did not identify any key audit matters relating to irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
G H BROOKS & CO (HOLDINGS) LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

24 June 2025

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 19,676,718 20,145,143

Cost of sales 12,974,447 13,211,356
GROSS PROFIT 6,702,271 6,933,787

Administrative expenses 4,091,105 3,342,591
2,611,166 3,591,196

Other operating income 38,100 94,860
OPERATING PROFIT 4 2,649,266 3,686,056

Interest receivable and similar income 178,949 32,359
2,828,215 3,718,415
Gain/loss on revaluation of investment
property

-

(24,535

)
2,828,215 3,693,880

Interest payable and similar expenses 5 10,615 -
PROFIT BEFORE TAXATION 2,817,600 3,693,880

Tax on profit 6 808,323 880,388
PROFIT FOR THE FINANCIAL YEAR 2,009,277 2,813,492
Profit attributable to:
Owners of the parent 2,009,277 2,813,492

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 2,009,277 2,813,492


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,009,277

2,813,492

Total comprehensive income attributable to:
Owners of the parent 2,009,277 2,813,492

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 8 3,770,818 1,456,333
Tangible assets 9 7,109,688 4,356,700
Investments 10 103,050 101,750
Investment property 11 290,000 290,000
11,273,556 6,204,783

CURRENT ASSETS
Stocks 12 3,158,504 2,945,111
Debtors 13 4,131,161 3,355,086
Cash at bank and in hand 1,451,134 4,557,412
8,740,799 10,857,609
CREDITORS
Amounts falling due within one year 14 3,425,469 2,870,855
NET CURRENT ASSETS 5,315,330 7,986,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,588,886

14,191,537

CREDITORS
Amounts falling due after more than one year 15 (368,722 ) -

PROVISIONS FOR LIABILITIES 19 (199,350 ) (180,000 )
NET ASSETS 16,020,814 14,011,537

CAPITAL AND RESERVES
Called up share capital 20 2,000 2,000
Retained earnings 16,018,814 14,009,537
SHAREHOLDERS' FUNDS 16,020,814 14,011,537

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Mr J P Broadwith - Director


G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 4,379,219 3,675,195
Investments 10 2,000 2,000
Investment property 11 - -
4,381,219 3,677,195

CURRENT ASSETS
Cash at bank 588,669 446,140

CREDITORS
Amounts falling due within one year 14 3,001,499 2,204,633
NET CURRENT LIABILITIES (2,412,830 ) (1,758,493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,968,389

1,918,702

CAPITAL AND RESERVES
Called up share capital 20 2,000 2,000
Retained earnings 1,966,389 1,916,702
SHAREHOLDERS' FUNDS 1,968,389 1,918,702

Company's profit for the financial year 49,687 1,911,213

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Mr J P Broadwith - Director


G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 2,000 11,196,045 11,198,045

Changes in equity
Total comprehensive income - 2,813,492 2,813,492
Balance at 30 September 2023 2,000 14,009,537 14,011,537

Changes in equity
Total comprehensive income - 2,009,277 2,009,277
Balance at 30 September 2024 2,000 16,018,814 16,020,814

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 2,000 5,489 7,489

Changes in equity
Total comprehensive income - 1,911,213 1,911,213
Balance at 30 September 2023 2,000 1,916,702 1,918,702

Changes in equity
Total comprehensive income - 49,687 49,687
Balance at 30 September 2024 2,000 1,966,389 1,968,389

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,542,029 3,960,461
Interest paid (10,615 ) -
Tax paid (1,056,043 ) (628,506 )
Net cash from operating activities 2,475,371 3,331,955

Cash flows from investing activities
Purchase of tangible fixed assets (1,018,639 ) (532,481 )
Purchase of investment property - (64,535 )
Sale of tangible fixed assets 110,000 84,000
Acquisition of subsidiary (4,501,282 ) -
Interest received 178,949 32,359
Net cash from investing activities (5,230,972 ) (480,657 )

Cash flows from financing activities
Amount introduced by directors 158,019 540,846
Amount withdrawn by directors (508,696 ) (928,902 )
Net cash from financing activities (350,677 ) (388,056 )

(Decrease)/increase in cash and cash equivalents (3,106,278 ) 2,463,242
Cash and cash equivalents at beginning of
year

2

4,557,412

2,094,170

Cash and cash equivalents at end of year 2 1,451,134 4,557,412

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 2,817,600 3,693,880
Depreciation charges 539,834 535,513
Profit on disposal of fixed assets (774 ) (24,061 )
Loss on revaluation of fixed assets - 24,535
Finance costs 10,615 -
Finance income (178,949 ) (32,359 )
3,188,326 4,197,508
Decrease/(increase) in stocks 376,417 (41,135 )
Increase in trade and other debtors (144,731 ) (50,994 )
Increase/(decrease) in trade and other creditors 122,017 (144,918 )
Cash generated from operations 3,542,029 3,960,461

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 1,451,134 4,557,412
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 4,557,412 2,094,170


G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 4,557,412 (3,106,278 ) 1,451,134
4,557,412 (3,106,278 ) 1,451,134
Debt
Finance leases - (3,373 ) (3,373 )
Debts falling due within 1 year - (43,257 ) (43,257 )
Debts falling due after 1 year - (368,722 ) (368,722 )
- (415,352 ) (415,352 )
Total 4,557,412 (3,521,630 ) 1,035,782

4. ACQUISITION OF BUSINESS

During the year the group acquired J Marsland & Sons Limited. The net cash flow of £4,501,282 represents cash paid for the acquisition of £4,748,630 less cash acquired of £247,348.

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

G H Brooks & Co (Holdings) Ltd 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation
The group's financial statements consolidate those of the company and it's subsidiary undertakings drawn up to 30 September 2024. Profits or losses on intra-group transactions are eliminated in full. Inter-company balances and unrealised gains on transactions between group companies are eliminated on consolidation. On acquisition of a subsidiary, all of the subsidiary's assets and liabilities which exist at the date of acquisition are recorded at their fair values reflecting their condition at that date.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Depreciation and amortisation
The depreciation and amortisation policies have been set according to management's experience of the useful lives of a typical asset in each category, something which is reviewed annually. The depreciation charged during the year was £539,834 (2023 - £535,513) which the directors feel is a fair reflection of the benefits derived from the consumption of the fixed assets during the year.

Stock write-off provision
A provision for slow moving stock has been included within the financial statements. This provision has been calculated based the full value of stock that has been held for a period of 18 months and amounts to £471,227 and is consistently applied each year.

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts , rebates, value added tax and other sales taxes, and is recognised on despatch.

Goodwill and business combinations
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

On 12 August 2024, the subsidiary company acquired the entire share capital of J Marsland & Sons Limited, a private company registered in England. The value of the goodwill was £2,596,356 and will be amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are included at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Freehold property2% on cost
Plant and machinery20% on reducing balance and 10% on cost
Fixtures and fittings20% on reducing balance and 10% on cost
Computer equipment20% and 16.67% on cost
Motor vehicles20% on reducing balance and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated Income Statement, 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 balance sheet date.


G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price less any impairment.

Cash at bank and in hand
Cash at bank and in hand represents cash and short term highly liquid funds.

Creditors
Creditors are recognised when the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,180,917 1,748,846
Social security costs 238,879 189,134
Other pension costs 47,761 24,917
2,467,557 1,962,897

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

The average number of employees by undertakings that were proportionately consolidated during the year was 41 (2023 - 41 ) .

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS - continued

2024 2023
£    £   
Directors' remuneration 795,420 509,332
Directors' pension contributions to money purchase schemes 2,807 1,321

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 475,983 392,473
Pension contributions to money purchase schemes 1,321 1,321

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 115,719 (11,500 )
Depreciation - owned assets 256,081 253,642
Depreciation - assets on hire purchase contracts 1,882 -
Profit on disposal of fixed assets (774 ) (24,061 )
Goodwill amortisation 281,871 281,871
Auditors' remuneration 16,361 14,400

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 4,536 -
Interest on tax 6,079 -
10,615 -

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 821,323 886,388

Deferred tax (13,000 ) (6,000 )
Tax on profit 808,323 880,388

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,817,600 3,693,880
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 22.003 %)

704,400

812,764

Effects of:
Expenses not deductible for tax purposes 12,797 8,084
Income not taxable for tax purposes - (7,129 )
Depreciation in excess of capital allowances 104,126 72,669

Deferred tax (13,000 ) (6,000 )
Total tax charge 808,323 880,388

The rate at which corporation tax has been charged has changed following changes in marginal rates of taxation.

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 October 2023 2,818,710
Additions 2,596,356
At 30 September 2024 5,415,066
AMORTISATION
At 1 October 2023 1,362,377
Amortisation for year 281,871
At 30 September 2024 1,644,248
NET BOOK VALUE
At 30 September 2024 3,770,818
At 30 September 2023 1,456,333

During the year the group acquired 100% of the issued share capital of J Marsland & Sons Limited (registered office now Hartwith House, Claro Road, Harrogate HG1 4DS). This has been accounted for under the acquisition method of accounting and was settled in cash. The cost of the investment was £4,748,630 which represents goodwill of £2,596,356, tangible fixed assets of £2,102,837, and current assets of £1,117,825 less liabilities of £1,068,388.

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 3,875,313 453,226 206,170
Additions 797,480 - -
Disposals - (23,204 ) -
Acquisitions 2,090,872 209,224 95,963
At 30 September 2024 6,763,665 639,246 302,133
DEPRECIATION
At 1 October 2023 200,118 344,927 184,244
Charge for year 93,456 21,568 10,068
Eliminated on disposal - (22,745 ) -
Transfer to ownership 118,743 108,738 74,518
At 30 September 2024 412,317 452,488 268,830
NET BOOK VALUE
At 30 September 2024 6,351,348 186,758 33,303
At 30 September 2023 3,675,195 108,299 21,926

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 1,384,166 - 5,918,875
Additions 221,159 - 1,018,639
Disposals (146,574 ) - (169,778 )
Acquisitions 260,100 157,470 2,813,629
At 30 September 2024 1,718,851 157,470 9,581,365
DEPRECIATION
At 1 October 2023 832,886 - 1,562,175
Charge for year 132,871 - 257,963
Eliminated on disposal (37,807 ) - (60,552 )
Transfer to ownership 258,609 151,483 712,091
At 30 September 2024 1,186,559 151,483 2,471,677
NET BOOK VALUE
At 30 September 2024 532,292 5,987 7,109,688
At 30 September 2023 551,280 - 4,356,700

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. TANGIBLE FIXED ASSETS - continued

Group

The net book value of tangible fixed assets includes £ 17,780 (2023 - £ 19,662 ) in respect of assets held under hire purchase contracts.

Company
Freehold
property
£   
COST
At 1 October 2023 3,875,313
Additions 797,480
At 30 September 2024 4,672,793
DEPRECIATION
At 1 October 2023 200,118
Charge for year 93,456
At 30 September 2024 293,574
NET BOOK VALUE
At 30 September 2024 4,379,219
At 30 September 2023 3,675,195

10. FIXED ASSET INVESTMENTS

Group
Unlisted
investments
£   
COST
At 1 October 2023 101,750
Additions 1,300
At 30 September 2024 103,050
NET BOOK VALUE
At 30 September 2024 103,050
At 30 September 2023 101,750

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 2,000
NET BOOK VALUE
At 30 September 2024 2,000
At 30 September 2023 2,000

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

G H Brooks & Co (Harrogate) Ltd
Registered office: Hartwith House, Claro Road, Harrogate HG1 4DS
Nature of business: Builders merchants
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 14,054,424 12,094,835
Profit for the year 1,959,589 2,772,278

G H Brooks & Co (Harrogate) Ltd has a trading subsidiary J Marsland & Sons Limited, a company registered in England.


11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 290,000
NET BOOK VALUE
At 30 September 2024 290,000
At 30 September 2023 290,000

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. INVESTMENT PROPERTY - continued

Group

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2014 42,622
Valuation in 2018 35,000
Valuation in 2023 (24,535 )
Cost 236,913
290,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 236,913 236,913

The investment property was valued on an open market basis on 30 September 2024 by the directors .

12. STOCKS

Group
2024 2023
£    £   
Stocks 3,158,504 2,945,111

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade debtors 2,767,012 2,514,085
Other debtors 791,804 606,713
Directors' current accounts 508,696 158,019
Prepayments and accrued income 63,649 76,269
4,131,161 3,355,086

Included within debtors are interest-free loans to the directors. Full details are shown in note 21 of the accounts.

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 16) 43,257 - - -
Hire purchase contracts (see note 17) 3,373 - - -
Trade creditors 1,925,068 1,511,848 - -
Amounts owed to group undertakings - - 2,947,488 2,172,367
Tax 339,045 556,042 44,409 21,215
Social security and other taxes 432,246 383,134 3,750 3,750
Other creditors 7,816 6,613 - -
Accruals and deferred income 674,664 413,218 5,852 7,301
3,425,469 2,870,855 3,001,499 2,204,633

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 16) 368,722 -

16. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 43,257 -
Amounts falling due between two and five years:
Bank loans 158,237 -
Amounts falling due in more than five years:
Repayable by instalments
Bank loans 210,485 -

The bank loans were fully repaid after the year end.

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,373 -

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 95,000 -
Between one and five years 324,583 95,000
419,583 95,000

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 411,979 -
Hire purchase contracts 3,373 -
415,352 -

The bank loans were secured by a legal charge over the property and a debenture over all assets of the company. These charges were satisfied after the year end.

The hire purchase contracts are secured on the assets concerned.

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 199,350 180,000

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

19. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 1 October 2023 180,000
Credit to Income Statement during year (13,000 )
Other movements 32,350
Balance at 30 September 2024 199,350

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary shares £1 2,000 2,000

21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
A J Broadwith
Balance outstanding at start of year 150,256 160,235
Amounts advanced 292,886 150,256
Amounts repaid (150,256 ) (160,235 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,886 150,256

J P Broadwith
Balance outstanding at start of year 7,763 (390,272 )
Amounts advanced 215,810 778,646
Amounts repaid (7,763 ) (380,611 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 215,810 7,763

G H BROOKS & CO (HOLDINGS) LTD (REGISTERED NUMBER: 11581861)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

22. RELATED PARTY DISCLOSURES

During the year, G H Brooks & Co (Harrogate) Ltd paid rent of £110,000 to the G H Brooks & Co (Harrogate) Ltd Executive Pension Scheme, a scheme of which the directors Mr J P Broadwith and Mrs J Broadwith are beneficiaries.

During the year, G H Brooks & Co (Harrogate) Ltd provided interest-free loans to the daughters of Mr J P Broadwith amounting to £200,500. The total amounts outstanding at the year end were £392,500 and this figure is shown in other debtors.

23. POST BALANCE SHEET EVENTS

Subsequent to the year end, the company purchased additional properties from the subsidiary of G H Brooks & Co (Harrogate) Ltd for £2,000,000 plus related fees.

Also subsequent to the year end, the entire trade of J Marsland & Sons Limited was hived up into GH Brooks & Co (Harrogate) Limited.

24. ULTIMATE CONTROLLING PARTY

The controlling party is J P Broadwith.