JOHN BROWN CATERHIRE LIMITED

Company Registration Number:
SC010260 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

JOHN BROWN CATERHIRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

JOHN BROWN CATERHIRE LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,336,172 1,385,141
Total fixed assets: 1,336,172 1,385,141
Current assets
Stocks: 4,694 5,119
Debtors:   107,757 121,852
Cash at bank and in hand: 157,745 214,877
Total current assets: 270,196 341,848
Creditors: amounts falling due within one year: 4 (262,716) (288,775)
Net current assets (liabilities): 7,480 53,073
Total assets less current liabilities: 1,343,652 1,438,214
Creditors: amounts falling due after more than one year: 5 (132,072) (177,649)
Provision for liabilities: (243,485) (252,808)
Total net assets (liabilities): 968,095 1,007,757
Capital and reserves
Called up share capital: 865,000 865,000
Revaluation reserve:680,14185,846
Profit and loss account: 22,954 56,911
Shareholders funds: 968,095 1,007,757

The notes form part of these financial statements

JOHN BROWN CATERHIRE LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 May 2025
and signed on behalf of the board by:

Name: David Macdonald
Status: Director

The notes form part of these financial statements

JOHN BROWN CATERHIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of goods and services rendered during the period.

Tangible fixed assets and depreciation policy

Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of each asset by monthly instalments over its expected useful life as follows: Land and buildings over the term of the lease. Plant and machinery 25% on reducing balance and at variable rates on reducing balance. The company’s policy is to review the remaining useful lives and residual value of all tangible fixed assets on an ongoing basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Other accounting policies

Taxation: Taxation for the year comprises current and deferred tax. Tax is recognised in the 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. 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.

JOHN BROWN CATERHIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 22 24

JOHN BROWN CATERHIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 2,315,936
Additions 76,199
Disposals (177,809)
At 31 October 2024 2,214,326
Depreciation
At 01 November 2023 930,795
Charge for year 63,733
On disposals (116,374)
At 31 October 2024 878,154
Net book value
At 31 October 2024 1,336,172
At 31 October 2023 1,385,141

JOHN BROWN CATERHIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

Bank loans falling due within one year are £48,756 (2023 - £47,240) Hire purchase contracts due within one year are £20,868 (2023 - £26,334)

JOHN BROWN CATERHIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due after more than one year note

Bank loans falling due after more than one year are £88,280 (2023- £137,845)Hire purchase contracts falling due after more than one year are £43,792 (2023 - £39,804)Bank loans and overdrafts are secured by a bond and floating charge over the whole assets of the company. Net obligations under finance leases and hire purchase contracts are secured on the assets acquired.

JOHN BROWN CATERHIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Revaluation reserve

2024
£
Balance at 01 November 2023 85,846
Surplus or deficit after revaluation (5,705)
Balance at 31 October 2024 80,141