Company registration number: SC393129
Unaudited financial statements
for the year ended 31 March 2025
for
Brown & Muir Limited
Pages for filing with the Registrar
Company registration number: SC393129
Brown & Muir Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Goodwill 4 18,000 36,000
Tangible assets 5 68,850 65,798
86,850 101,798
Current assets
Stocks 2,600 3,100
Debtors 92,237 108,234
Cash at bank and in hand 551,020 535,043
645,857 646,377
Creditors: amounts falling due within one
year
(113,322) (124,367)
Net current assets 532,535 522,010
Total assets less current liabilities 619,385 623,808
Provisions for liabilities (8,320) (5,688)
NET ASSETS 611,065 618,120
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 609,065 616,120
TOTAL EQUITY 611,065 618,120
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC393129
Brown & Muir Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 16 July 2025 and signed on its behalf by:
Mr C Cochrane, Director
16 July 2025
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Brown & Muir Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Brown & Muir Limited is a private company registered in Scotland. Its registered number is SC393129. The company is limited by shares. Its registered office is Brown & Muir, 1 West Port, Selkirk, Selkirkshire, TD7 4DG.
2 Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Goodwill
Goodwill is being amortised on the following basis: Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of fifteen 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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Brown & Muir Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 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.
Land and buildings:
Freehold property -
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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Brown & Muir Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
3 Average number of employees
During the year the average number of employees was 10 (2024 - 10).
4 Goodwill
£
Cost
At 1 April 2024 270,000
At 31 March 2025 270,000
Amortisation
At 1 April 2024 234,000
Charge for year 18,000
At 31 March 2025 252,000
Net book value
At 31 March 2025 18,000
At 31 March 2024 36,000
5 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 April 2024 31,050 85,823 116,873
Additions - 21,995 21,995
Disposals - (27,795) (27,795)
At 31 March 2025 31,050 80,023 111,073
Depreciation
At 1 April 2024 - 51,075 51,075
Charge for year - 12,601 12,601
Eliminated on disposal - (21,453) (21,453)
At 31 March 2025 - 42,223 42,223
Net book value
At 31 March 2025 31,050 37,800 68,850
At 31 March 2024 31,050 34,748 65,798
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Brown & Muir Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Debtors: Amounts falling due within one year
Trade debtors £60,313 (2024: £77,511)
Other debtors £32,315 (2024: £30,723)
7 Creditors: Amounts falling due within one year
Trade creditors £30,596.46 (2024: £31,323)
Taxation and social security £41,733 (2024: £56,994)
Other creditors £40,992 (2024: £36,050)
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