Company registration number 00259857 (England and Wales)
W BREWIN & COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
United Kingdom
LE4 9LJ
W BREWIN & COMPANY LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 13
W BREWIN & COMPANY LTD
COMPANY INFORMATION
- 1 -
Directors
Mr M C Brewin
Mr P Brewin
Mr A Bexon
Ms M R Brewin
Ms P L Brewin
Mr P Gregory
Mr J M Kendall
Ms T C Tilly
Secretary
Mr P Brewin
Company number
00259857
Registered office
145 Parker Drive
Leicestershire
LE4 0JP
Accountants
TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
United Kingdom
LE4 9LJ
W BREWIN & COMPANY LTD
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
427,113
838,887
Current assets
Stocks
546,952
470,672
Debtors
4
554,684
758,156
Cash at bank and in hand
5,430,481
4,285,072
6,532,117
5,513,900
Creditors: amounts falling due within one year
5
(281,535)
(238,534)
Net current assets
6,250,582
5,275,366
Total assets less current liabilities
6,677,695
6,114,253
Provisions for liabilities
(491,483)
(467,513)
Net assets
6,186,212
5,646,740
Capital and reserves
Called up share capital
7
106,260
106,260
Share premium account
1,501
1,501
Profit and loss reserves
6,078,451
5,538,979
Total equity
6,186,212
5,646,740
W BREWIN & COMPANY LTD
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 3 -

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

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 July 2025 and are signed on its behalf by:
Ms P L Brewin
Director
Company registration number 00259857 (England and Wales)
W BREWIN & COMPANY LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
Share capital
Share premium account
Profit and loss   reserves
Total
Notes
£
£
£
£
Balance at 1 November 2022
106,260
1,501
5,670,407
5,778,168
Year ended 31 October 2023:
Profit for the year
-
-
225,128
225,128
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
(180,553)
(180,553)
Tax relating to other comprehensive income
-
-
34,305
34,305
Total comprehensive income for the year
-
0
-
0
78,880
78,880
Dividends
-
-
(210,308)
(210,308)
Balance at 31 October 2023
106,260
1,501
5,538,979
5,646,740
Year ended 31 October 2024:
Profit for the year
-
-
820,783
820,783
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
(72,686)
(72,686)
Tax relating to other comprehensive income
-
-
13,810
13,810
Total comprehensive income for the year
-
0
-
0
761,907
761,907
Dividends
-
-
(222,435)
(222,435)
Balance at 31 October 2024
106,260
1,501
6,078,451
6,186,212
The notes on pages 5 to 13 form part of these financial statements
W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
1
Accounting policies
Company information

W Brewin & Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 145 Parker Drive, Leicestershire, LE4 0JP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 6 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Plant and equipment
10% straight line basis
Fixtures and fittings
10% straight line basis
Computers
20% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 7 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 8 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice.

 

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

 

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 9 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
23
28
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 November 2023
1,132,320
595,690
236,490
99,316
2,063,816
Additions
-
0
-
0
105
-
0
105
Disposals
(539,500)
-
0
-
0
-
0
(539,500)
At 31 October 2024
592,820
595,690
236,595
99,316
1,524,421
Depreciation and impairment
At 1 November 2023
380,209
525,913
222,404
96,403
1,224,929
Depreciation charged in the year
7,377
9,475
902
1,813
19,567
Eliminated in respect of disposals
(147,188)
-
0
-
0
-
0
(147,188)
At 31 October 2024
240,398
535,388
223,306
98,216
1,097,308
Carrying amount
At 31 October 2024
352,422
60,302
13,289
1,100
427,113
At 31 October 2023
752,111
69,777
14,086
2,913
838,887
4
Debtors
Amounts falling due within one year:
2024
2023
£
£
Trade debtors
348,536
558,343
Other debtors
67,454
74,929
415,990
633,272
W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
4
Debtors
(Continued)
- 10 -
Amounts falling due after more than one year:
2024
2023
£
£
Deferred tax asset
138,694
124,884
Total debtors
554,684
758,156
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
177,805
104,077
Taxation and social security
73,886
89,102
Other creditors
29,844
45,355
281,535
238,534
6
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
96,319
87,797

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Defined benefit schemes

The company operates a defined benefit scheme for qualifying employees.

2024
2023
Key assumptions
%
%
Discount rate
5.25
5.65
Expected rate of increase of pensions in payment
3.00
3.10
Pension increases in deferment
2.70
2.50
Future increases in price inflation
3.30
3.30
W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
6
Retirement benefit schemes
(Continued)
- 11 -
Mortality assumptions
2024
2023

Assumed life expectations on retirement at age 65:

Years
Years
Retiring today
- Males
22.1
22.1
- Females
24.3
24.3
Retiring in 20 years
- Males
23.4
23.4
- Females
25.4
25.4
Amounts recognised in the profit and loss account
2024
2023
Costs/(income):
£
£
Net interest on net defined benefit liability/(asset)
24,725
16,412
Amounts recognised in other comprehensive income
2024
2023
Costs/(income):
£
£
Actual return on scheme assets
(86,181)
170,107
Less: calculated interest element
66,697
67,147
Return on scheme assets excluding interest income
(19,484)
237,254
Actuarial changes related to obligations
92,171
(56,701)
Total costs
72,687
180,553

The amounts included in the balance sheet arising from the company's obligations in respect of defined benefit plans are as follows:

2024
2023
Liabilities/(assets):
£
£
Present value of defined benefit obligations
1,743,914
1,659,241
Fair value of plan assets
(1,252,431)
(1,191,728)
Deficit in scheme
491,483
467,513
W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
6
Retirement benefit schemes
(Continued)
- 12 -
2024
Movements in the present value of defined benefit obligations
£
Liabilities at 1 November 2023
1,659,242
Benefits paid
(98,921)
Actuarial gains and losses
92,171
Interest cost
91,422
At 31 October 2024
1,743,914
2024
The defined benefit obligations arise from plans funded as follows:
£
Wholly unfunded obligations
-
Wholly or partly funded obligations
(1,743,914)
1,743,914
2024
Movements in the fair value of plan assets
£
Fair value of assets at 1 November 2023
1,191,729
Interest income
66,697
Return on plan assets (excluding amounts included in net interest)
19,484
Benefits paid
(98,921)
Contributions by the employer
73,442
At 31 October 2024
1,252,431

The actual return on plan assets was £86,181 (2023 - £170,107).

2024
2023
Fair value of plan assets
£
£
Investment funds
1,252,431
1,191,728
W BREWIN & COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 13 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
97,132
97,132
97,132
97,132
A Ordinary of £1 each
4,564
4,564
4,564
4,564
B Ordinary of £1 each
4,564
4,564
4,564
4,564
106,260
106,260
106,260
106,260
8
Events after the reporting date

As at the balance sheet date, the directors have agreed that the closure of the pension scheme is to be actioned. At the time of filing, initial costs have been incurred and will be reflected in the 2025/26 financial statements.

 

2024-10-312023-11-01falsefalsefalse10 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr M C BrewinMr A BexonMs M R BrewinMs P L BrewinMr P GregoryMr J M KendallMs T C TillyMs Tansy C TillyMr P Brewin2025-07-10002598572023-11-012024-10-3100259857bus:Director12023-11-012024-10-3100259857bus:CompanySecretaryDirector12023-11-012024-10-3100259857bus:Director22023-11-012024-10-3100259857bus:Director32023-11-012024-10-3100259857bus:Director42023-11-012024-10-3100259857bus:Director52023-11-012024-10-3100259857bus:Director62023-11-012024-10-3100259857bus:Director72023-11-012024-10-3100259857bus:CompanySecretary12023-11-012024-10-3100259857bus:Director82023-11-012024-10-3100259857bus:RegisteredOffice2023-11-012024-10-31002598572024-10-31002598572023-10-3100259857core:LandBuildingscore:OwnedOrFreeholdAssets2024-10-3100259857core:PlantMachinery2024-10-3100259857core:FurnitureFittings2024-10-3100259857core:ComputerEquipment2024-10-3100259857core:LandBuildingscore:OwnedOrFreeholdAssets2023-10-3100259857core:PlantMachinery2023-10-3100259857core:FurnitureFittings2023-10-3100259857core:ComputerEquipment2023-10-3100259857core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3100259857core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3100259857core:CurrentFinancialInstruments2024-10-3100259857core:CurrentFinancialInstruments2023-10-3100259857core:ShareCapital2024-10-3100259857core:ShareCapital2023-10-3100259857core:SharePremium2024-10-3100259857core:SharePremium2023-10-3100259857core:RetainedEarningsAccumulatedLosses2024-10-3100259857core:RetainedEarningsAccumulatedLosses2023-10-3100259857core:ShareCapital2022-10-3100259857core:SharePremium2022-10-3100259857core:RetainedEarningsAccumulatedLosses2022-10-31002598572022-10-3100259857core:ShareCapitalOrdinaryShareClass12024-10-3100259857core:ShareCapitalOrdinaryShareClass12023-10-3100259857core:ShareCapitalOrdinaryShareClass22024-10-3100259857core:ShareCapitalOrdinaryShareClass22023-10-3100259857core:ShareCapitalOrdinaryShareClass32024-10-3100259857core:ShareCapitalOrdinaryShareClass32023-10-3100259857core:ShareCapitalOrdinaryShares2024-10-3100259857core:ShareCapitalOrdinaryShares2023-10-3100259857core:RetainedEarningsAccumulatedLosses2022-11-012023-10-31002598572022-11-012023-10-3100259857core:RetainedEarningsAccumulatedLosses2023-11-012024-10-3100259857core:RevenueReservesInvestmentFundsOnly2022-11-012023-10-3100259857core:ShareCapital2022-11-012023-10-3100259857core:SharePremium2022-11-012023-10-3100259857core:ShareCapital2023-11-012024-10-3100259857core:SharePremium2023-11-012024-10-3100259857core:LandBuildingscore:OwnedOrFreeholdAssets2023-11-012024-10-3100259857core:PlantMachinery2023-11-012024-10-3100259857core:FurnitureFittings2023-11-012024-10-3100259857core:ComputerEquipment2023-11-012024-10-3100259857core:LandBuildingscore:OwnedOrFreeholdAssets2023-10-3100259857core:PlantMachinery2023-10-3100259857core:FurnitureFittings2023-10-3100259857core:ComputerEquipment2023-10-31002598572023-10-3100259857core:WithinOneYear2024-10-3100259857core:WithinOneYear2023-10-3100259857core:AfterOneYear2024-10-3100259857core:AfterOneYear2023-10-3100259857bus:OrdinaryShareClass12023-11-012024-10-3100259857bus:OrdinaryShareClass22023-11-012024-10-3100259857bus:OrdinaryShareClass32023-11-012024-10-3100259857bus:OrdinaryShareClass12024-10-3100259857bus:OrdinaryShareClass12023-10-3100259857bus:OrdinaryShareClass22024-10-3100259857bus:OrdinaryShareClass22023-10-3100259857bus:OrdinaryShareClass32024-10-3100259857bus:OrdinaryShareClass32023-10-3100259857bus:AllOrdinaryShares2024-10-3100259857bus:AllOrdinaryShares2023-10-3100259857bus:PrivateLimitedCompanyLtd2023-11-012024-10-3100259857bus:FRS1022023-11-012024-10-3100259857bus:AuditExemptWithAccountantsReport2023-11-012024-10-3100259857bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3100259857bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP