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REGISTERED NUMBER: 04324032 (England and Wales)















F.H. BROWNE & SONS (ORGAN BUILDERS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


F.H. BROWNE & SONS (ORGAN BUILDERS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr S Bayley
Mrs Y A Bayley





SECRETARY: Mrs Y A Bayley





REGISTERED OFFICE: The Wilderness
Church Lane
West Stourmouth
CANTERBURY
Kent
CT3 1HT





REGISTERED NUMBER: 04324032 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
SITTINGBOURNE
Kent
ME9 8PX

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 12,300 13,250
Tangible assets 6 736,939 749,680
749,239 762,930

CURRENT ASSETS
Stocks 7 5,000 5,000
Debtors 8 345,345 411,832
Cash at bank 21,546 113,864
371,891 530,696
CREDITORS
Amounts falling due within one year 9 359,979 535,045
NET CURRENT ASSETS/(LIABILITIES) 11,912 (4,349 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

761,151

758,581

CREDITORS
Amounts falling due after more than one
year

10

(172,618

)

(191,052

)

PROVISIONS FOR LIABILITIES (17,252 ) (33,394 )
NET ASSETS 571,281 534,135

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 571,181 534,035
SHAREHOLDERS' FUNDS 571,281 534,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





Mr S Bayley - Director


F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

1. STATUTORY INFORMATION

F.H. Browne & Sons (Organ Builders) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered 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 to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover
Turnover represents the value, net of value added tax and discounts, relating to labour and materials provided on contracts to refurbish, rebuild and repair church organs and labour provided in connection with tuning contracts. Deposits received in advance prior to the commencement of contracts are treated as receipts in advance.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2002, 2005 and 2020, is being written off evenly over its estimated useful life of twenty years. Goodwill, being the amount paid in connection with the acquisition of a business in 2012 was written off evenly over its estimated useful life of three 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.

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Workshop - 2% on a straight line basis
Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value using the FIFO standard method, after making due allowance for obsolete and slow moving items.

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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 statement of financial position date.

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Amounts recoverable under contracts
In accordance with FRS 102, income is accrued to reflect the fair value of the right of consideration under contracts.

Going concern
The directors have assessed the major risks to which the company is exposed and assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of approval of the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 9 ) .

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 50,000
AMORTISATION
At 1 December 2023 36,750
Charge for year 950
At 30 November 2024 37,700
NET BOOK VALUE
At 30 November 2024 12,300
At 30 November 2023 13,250

6. TANGIBLE FIXED ASSETS
Freehold
property Workshop Equipment
£    £    £   
COST
At 1 December 2023 44,739 529,277 126,692
Additions - - -
Disposals - - -
At 30 November 2024 44,739 529,277 126,692
DEPRECIATION
At 1 December 2023 - 20,768 59,843
Charge for year - 10,585 15,545
Eliminated on disposal - - -
At 30 November 2024 - 31,353 75,388
NET BOOK VALUE
At 30 November 2024 44,739 497,924 51,304
At 30 November 2023 44,739 508,509 66,849

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

6. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2023 10,030 255,499 966,237
Additions 15,948 142,926 158,874
Disposals - (139,507 ) (139,507 )
At 30 November 2024 25,978 258,918 985,604
DEPRECIATION
At 1 December 2023 9,144 126,802 216,557
Charge for year 2,955 37,529 66,614
Eliminated on disposal - (34,506 ) (34,506 )
At 30 November 2024 12,099 129,825 248,665
NET BOOK VALUE
At 30 November 2024 13,879 129,093 736,939
At 30 November 2023 886 128,697 749,680

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 December 2023 80,215 242,976 323,191
Additions - 142,926 142,926
Disposals - (139,507 ) (139,507 )
Transfer to ownership - (10,923 ) (10,923 )
At 30 November 2024 80,215 235,472 315,687
DEPRECIATION
At 1 December 2023 28,475 114,927 143,402
Charge for year 12,502 36,720 49,222
Eliminated on disposal - (34,506 ) (34,506 )
Transfer to ownership - (8,331 ) (8,331 )
At 30 November 2024 40,977 108,810 149,787
NET BOOK VALUE
At 30 November 2024 39,238 126,662 165,900
At 30 November 2023 51,740 128,049 179,789

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

7. STOCKS
30.11.24 30.11.23
£    £   
Stock 5,000 5,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 24,159 73,566
Other debtors 62,055 62,055
Directors' current accounts 246,614 241,468
Accrued income 9,318 33,193
Prepayments 3,199 1,550
345,345 411,832

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 26,447 24,861
Hire purchase contracts 42,713 55,744
Trade creditors 72,101 106,317
VAT 73,424 136,126
Other creditors 226 454
Other taxes and paye 136,751 203,658
Accruals and deferred income 8,317 7,885
359,979 535,045

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 30,557 26,447
Bank loans - 2-5 years 12,309 42,866
Hire purchase contracts 129,752 121,739
172,618 191,052

F.H. BROWNE & SONS (ORGAN BUILDERS) LTD (REGISTERED NUMBER: 04324032)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 69,313 94,174

Natwest hold a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, buildings, fixtures, fixed plant and machinery.

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Mr S Bayley and Mrs Y A Bayley
Balance outstanding at start of year 241,468 271,086
Amounts advanced 216,080 141,503
Amounts repaid (210,934 ) (171,121 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 246,614 241,468

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors.