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COMPANY REGISTRATION NUMBER: SC465610
Brown & Blacks Perth Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Brown & Blacks Perth Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Brown & Blacks Perth Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
34,513
43,538
Current assets
Stocks
10,115
11,350
Debtors
6
13,211
13,199
Cash at bank and in hand
12,099
4,484
--------
--------
35,425
29,033
Creditors: amounts falling due within one year
7
166,509
111,035
---------
---------
Net current liabilities
131,084
82,002
---------
--------
Total assets less current liabilities
( 96,571)
( 38,464)
Creditors: amounts falling due after more than one year
8
8,425
17,184
---------
--------
Net liabilities
( 104,996)
( 55,648)
---------
--------
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
( 104,998)
( 55,650)
---------
--------
Shareholders deficit
( 104,996)
( 55,648)
---------
--------
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 June 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brown & Blacks Perth Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Ms K Long
Director
Company registration number: SC465610
Brown & Blacks Perth Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2 Marshall Place, Perth, PH2 8AH, Scotland.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Trading address
The trading address of the company is 8 Angus Road, Perth, PH2 6QU.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.
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
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
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 30 (2023: 30 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 July 2023
14,671
90,994
9,494
115,159
Additions
276
703
1,500
2,479
--------
--------
--------
---------
At 30 June 2024
14,947
91,697
10,994
117,638
--------
--------
--------
---------
Depreciation
At 1 July 2023
9,581
56,741
5,299
71,621
Charge for the year
1,341
8,739
1,424
11,504
--------
--------
--------
---------
At 30 June 2024
10,922
65,480
6,723
83,125
--------
--------
--------
---------
Carrying amount
At 30 June 2024
4,025
26,217
4,271
34,513
--------
--------
--------
---------
At 30 June 2023
5,090
34,253
4,195
43,538
--------
--------
--------
---------
6. Debtors
2024
2023
£
£
Other debtors
13,211
13,199
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
27,626
33,711
Trade creditors
58,703
32,933
Social security and other taxes
45,180
32,505
Other loans
26,500
Other creditors
8,500
11,886
---------
---------
166,509
111,035
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,425
17,184
-------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
10. Director's advances, credits and guarantees
There were no directors advances, credits or guarantees undertaken during the year required to be disclosed under the Financial Reporting Standard 102.