Company Registration No. SC221302 (Scotland)
Brown & Scott Ltd
Unaudited accounts
for the year ended 31 July 2024
Brown & Scott Ltd
Unaudited accounts
Contents
Brown & Scott Ltd
Company Information
for the year ended 31 July 2024
Directors
Raymond Brown
Brenda Brown
Company Number
SC221302 (Scotland)
Registered Office
4th Floor
176 Bath Street
Glasgow
G2 4HG
Scotland
Accountants
TaxKings (West) Ltd
58 Portland Street
Kilmarnock
KA11JG
Brown & Scott Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
21,224
23,283
Cash at bank and in hand
(4,132)
4,420
Creditors: amounts falling due within one year
(30,846)
(55,786)
Net current liabilities
(34,478)
(50,866)
Total assets less current liabilities
(13,254)
(27,583)
Creditors: amounts falling due after more than one year
(9,371)
(17,388)
Net liabilities
(22,625)
(44,971)
Called up share capital
2
2
Profit and loss account
(22,627)
(44,973)
Shareholders' funds
(22,625)
(44,971)
For the year ending 31 July 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by
Raymond Brown
Director
Company Registration No. SC221302
Brown & Scott Ltd
Notes to the Accounts
for the year ended 31 July 2024
Brown & Scott Ltd is a private company, limited by shares, registered in Scotland, registration number SC221302. The registered office is 4th Floor, 176 Bath Street, Glasgow, G2 4HG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on Cost
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% on Cost
Computer equipment
33% on Cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2023
50,000
33,884
17,846
5,765
1,197
108,692
Additions
-
850
-
2,800
-
3,650
Disposals
-
(890)
-
(3,037)
(473)
(4,400)
At 31 July 2024
50,000
33,844
17,846
5,528
724
107,942
At 1 August 2023
38,000
26,145
14,376
6,043
845
85,409
Charge for the year
2,000
1,470
694
1,007
243
5,414
On disposals
-
(690)
-
(2,942)
(473)
(4,105)
At 31 July 2024
40,000
26,925
15,070
4,108
615
86,718
At 31 July 2024
10,000
6,919
2,776
1,420
109
21,224
At 31 July 2023
12,000
7,739
3,470
(278)
352
23,283
Brown & Scott Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,000
8,000
Trade creditors
15,315
281
Taxes and social security
284
3,555
Loans from directors
9,668
41,585
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).