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REGISTERED NUMBER: 00646437 (England and Wales)















G H BROOKS & CO (HARROGATE) LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Profit and loss account 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


G H BROOKS & CO (HARROGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







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





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





REGISTERED NUMBER: 00646437 (England and Wales)





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

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
On 12 August 2024, the company 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 company.

Trading again remained largely flat throughout the year and, over the course of the year, turnover fell by 3% and gross profit margins fell from 34.4% to 33.7%. Net assets increased from £12,094,835 to £14,054,424 but net current assets fell from £9,744,247 to £7,276,651 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 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 company 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 (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

PRINCIPAL ACTIVITY
The principal activity of the company 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
Mrs J Broadwith
Mr A J Broadwith
Mr J Dawson

Other changes in directors holding office are as follows:

Mr M T D Ward - appointed 14 August 2024

CHARITABLE DONATIONS
During the year the company made numerous charitable donations totalling £10,585. The company is particularly supportive of St Michael's Hospice, a locally based charity in Harrogate, which helps to improve the lives of people affected by terminal illness.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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 company'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 company'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 (HARROGATE) LIMITED

Opinion
We have audited the financial statements of G H Brooks & Co (Harrogate) Limited (the 'company') for the year ended 30 September 2024 which comprise the Profit and loss account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 September 2024 and of its 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 company 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 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 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 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 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 (HARROGATE) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or
- the 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 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 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 (HARROGATE) LIMITED


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 (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 19,549,102 20,145,143

Cost of sales 12,954,669 13,211,356
GROSS PROFIT 6,594,433 6,933,787

Administrative expenses 4,061,903 3,382,956
2,532,530 3,550,831

Other operating income 38,100 73,860
OPERATING PROFIT 4 2,570,630 3,624,691

Interest receivable and similar income 158,951 31,295
2,729,581 3,655,986
Loss on revaluation of investment property - (24,535 )
2,729,581 3,631,451

Interest payable and similar expenses 5 6,079 -
PROFIT BEFORE TAXATION 2,723,502 3,631,451

Tax on profit 6 763,913 859,173
PROFIT FOR THE FINANCIAL YEAR 1,959,589 2,772,278

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,959,589 2,772,278


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,959,589

2,772,278

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 8 1,174,462 1,456,333
Tangible assets 9 628,931 681,505
Investments 10 4,851,380 102,750
Investment property 11 290,000 290,000
6,944,773 2,530,588

CURRENT ASSETS
Stocks 12 2,568,694 2,945,111
Debtors 13 7,087,579 5,527,453
Cash at bank and in hand 615,118 4,111,271
10,271,391 12,583,835
CREDITORS
Amounts falling due within one year 14 2,994,740 2,839,588
NET CURRENT ASSETS 7,276,651 9,744,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,221,424

12,274,835

PROVISIONS FOR LIABILITIES 16 167,000 180,000
NET ASSETS 14,054,424 12,094,835

CAPITAL AND RESERVES
Called up share capital 17 2,000 2,000
Retained earnings 14,052,424 12,092,835
SHAREHOLDERS' FUNDS 14,054,424 12,094,835

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 (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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 11,190,557 11,192,557

Changes in equity
Dividends - (1,870,000 ) (1,870,000 )
Total comprehensive income - 2,772,278 2,772,278
Balance at 30 September 2023 2,000 12,092,835 12,094,835

Changes in equity
Total comprehensive income - 1,959,589 1,959,589
Balance at 30 September 2024 2,000 14,052,424 14,054,424

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,660,986 3,792,390
Interest paid (6,079 ) -
Tax paid (1,034,827 ) (628,506 )
Net cash from operating activities 2,620,080 3,163,884

Cash flows from investing activities
Purchase of tangible fixed assets (221,159 ) (225,029 )
Purchase of fixed asset investments (4,748,630 ) -
Purchase of investment property - (64,535 )
Sale of tangible fixed assets 110,000 84,000
Fixed investment income - 24,229
Interest received 158,951 31,295
Net cash from investing activities (4,700,838 ) (150,040 )

Cash flows from financing activities
Loans to/from group undertakings (1,064,718 ) (608,687 )
Amount introduced by directors 158,019 540,846
Amount withdrawn by directors (508,696 ) (928,902 )
Net cash from financing activities (1,415,395 ) (996,743 )

(Decrease)/increase in cash and cash equivalents (3,496,153 ) 2,017,101
Cash and cash equivalents at beginning of
year

2

4,111,271

2,094,170

Cash and cash equivalents at end of year 2 615,118 4,111,271

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

NOTES TO THE 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 2,723,502 3,631,451
Depreciation charges 446,378 458,007
Profit on disposal of fixed assets (774 ) (24,061 )
Loss on revaluation of fixed assets - 24,535
Fixed investment income - (24,229 )
Finance costs 6,079 -
Finance income (158,951 ) (31,295 )
3,016,234 4,034,408
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 413,066 (149,889 )
Cash generated from operations 3,660,986 3,792,390

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 615,118 4,111,271
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 4,111,271 2,094,170


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 4,111,271 (3,496,153 ) 615,118
4,111,271 (3,496,153 ) 615,118
Total 4,111,271 (3,496,153 ) 615,118

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

1. STATUTORY INFORMATION

G H Brooks & Co (Harrogate) Limited 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 Company Information page.

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.

G H Brooks & Co (Harrogate) Ltd is a private company limited by shares registered in England.

The financial statements are prepared in sterling and are rounded to the nearest pound.

Preparation of consolidated financial statements
The financial statements contain information about G H Brooks & Co (Harrogate) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, G H Brooks & Co (Holdings) Ltd, Hartwith House, Claro Road, Harrogate HG1 4DS.

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 £446,378 (2023 - £458,007) 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 (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

NOTES TO THE 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 brought forward, 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.

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:

Plant and machinery20% on reducing balance
Fixtures and fittings20% on reducing balance
Computer equipment20% on cost
Motor vehicles20% on reducing balance


Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Profit and loss account, 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 (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

NOTES TO THE 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
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 company operates a defined contribution pension scheme. Contributions payable to the company'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 2,113,417 1,748,846
Social security costs 238,879 189,134
Other pension costs 28,078 24,916
2,380,374 1,962,896

The average number of employees during the year was as follows:
2024 2023

41 41

2024 2023
£    £   
Directors' remuneration 795,420 576,044
Directors' pension contributions to money purchase schemes 2,807 2,373

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

3. EMPLOYEES AND DIRECTORS - continued

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 1,320

4. OPERATING PROFIT

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

2024 2023
£    £   
Other operating leases 278,500 114,875
Depreciation - owned assets 164,507 176,136
Profit on disposal of fixed assets (774 ) (24,061 )
Goodwill amortisation 281,871 281,871
Auditors' remuneration 11,200 10,700

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Interest on tax 6,079 -

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 776,913 865,173

Deferred tax (13,000 ) (6,000 )
Tax on profit 763,913 859,173

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

6. TAXATION - continued

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 2,723,502 3,631,451
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22.008%)

680,876

799,210

Effects of:
Expenses not deductible for tax purposes 12,796 8,086
Income not taxable for tax purposes - (3,830 )
Depreciation in excess of capital allowances 83,241 61,707
Deferred tax (13,000 ) (6,000 )

Total tax charge 763,913 859,173

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

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares shares of £1 each
Interim - 1,870,000

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 2,818,710
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 1,174,462
At 30 September 2023 1,456,333

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 453,226 206,170 1,384,166 2,043,562
Additions - - 221,159 221,159
Disposals (23,204 ) - (146,574 ) (169,778 )
At 30 September 2024 430,022 206,170 1,458,751 2,094,943
DEPRECIATION
At 1 October 2023 344,927 184,244 832,886 1,362,057
Charge for year 21,568 10,068 132,871 164,507
Eliminated on disposal (22,745 ) - (37,807 ) (60,552 )
At 30 September 2024 343,750 194,312 927,950 1,466,012
NET BOOK VALUE
At 30 September 2024 86,272 11,858 530,801 628,931
At 30 September 2023 108,299 21,926 551,280 681,505

10. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 October 2023 1,000 101,750 102,750
Additions 4,748,630 - 4,748,630
At 30 September 2024 4,749,630 101,750 4,851,380
NET BOOK VALUE
At 30 September 2024 4,749,630 101,750 4,851,380
At 30 September 2023 1,000 101,750 102,750

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

Galtres Timber Ltd
Registered office: England
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,000 1,000

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

10. FIXED ASSET INVESTMENTS - continued

J Marsland & Sons Limited
Registered office: England
Nature of business: Retail and wholesale of building materials
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 2,152,274
Loss for the year (5,258 )

Fixed asset investments are valued at cost. In the directors' opinion the market value of the investments is not materially different to cost.

11. INVESTMENT PROPERTY
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

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
2024 2023
£    £   
Stocks 2,568,694 2,945,111

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,489,317 2,514,085
Amounts owed by group undertakings 3,237,085 2,172,367
Other debtors 791,804 606,713
Directors' current accounts 508,696 158,019
Prepayments and accrued income 60,677 76,269
7,087,579 5,527,453

Included within debtors are interest-free loans to the directors. Full details are shown in note 19 of the accounts.

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,703,402 1,511,849
Amounts owed to group undertakings 1,000 1,000
Tax 276,913 534,827
Social security and other taxes 353,722 379,384
Other creditors 7,816 6,613
Accruals and deferred income 651,887 405,915
2,994,740 2,839,588

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 95,000 -
Between one and five years 324,583 95,000
419,583 95,000

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 167,000 180,000

Deferred
tax
£   
Balance at 1 October 2023 180,000
Credit to Profit and loss account during year (13,000 )
Balance at 30 September 2024 167,000

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

17. CALLED UP SHARE CAPITAL

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

18. ULTIMATE PARENT COMPANY

G H Brooks & Co (Holdings) Ltd (incorporated in England ) is regarded by the directors as being the company's ultimate parent company.

The registered office of the parent company is Hartwith House, Claro Road, Harrogate HG1 4DS.

19. 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
£    £   
Mr 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

Mr 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

20. RELATED PARTY DISCLOSURES

During the year the company 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, the company 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.

21. POST BALANCE SHEET EVENTS

Subsequent to the year end, the entire trade of J Marsland & Sons Limited was hived up into the company.

G H BROOKS & CO (HARROGATE) LIMITED (REGISTERED NUMBER: 00646437)

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

22. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J P Broadwith.