Brian Robinson Machinery Limited


Director	Brian Derrick Robinson


Registered Address	Bungalow Farm Birkby Lane
	East Cowton
	Northallerton
	DL7 0DX


Registered Number	05266174 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	25		26

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	445,033	399,739	572,031	138,161	1,554,964
Additions	6,081	12,896	-	2,093	21,070
At 31 December 24	451,114	412,635	572,031	140,254	1,576,034
Depreciation and impairment
At 01 January 24	76,827	306,382	189,282	129,444	701,935
Charge for year	8,967	19,485	58,521	2,248	89,221
At 31 December 24	85,794	325,867	247,803	131,692	791,156
Net book value
At 31 December 24	365,320	86,768	324,228	8,562	784,878
At 31 December 23	368,206	93,357	382,749	8,717	853,029

4.	Stocks

	2024	2023
	£	£
Raw materials and consumables	4,107,404	4,151,093
Work in progress	62,985	35,432
Total	4,170,389	4,186,525

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	364,097	514,422
Other debtors	74,324	88,736
Prepayments and accrued income	2,433	-
Total	440,854	603,158

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,843,076	3,864,665
Bank borrowings and overdrafts	358,850	275,878
Taxation and social security	125,919	131,418
Finance lease and HP contracts	136,642	129,141
Other creditors	1,094,186	75,590
Accrued liabilities and deferred income	64,678	129,635
Total	4,623,351	4,606,327

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	142,249
Other creditors	42,816	154,535
Total	42,816	296,784


	Finance lease and HP contracts are secured on the assets to which they relate. HSBC hold a debenture comprising fixed and floating charges over the undertaking and all property and asset, present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	42,816		154,535

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	129,100	140,000
Total	129,100	140,000

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		784,878		853,029
			784,878		853,029
Current assets
Stocks	4	4,170,389		4,186,525
Debtors	5	440,854		603,158
Cash at bank and on hand		145		2,094
		4,611,388		4,791,777
Creditors amounts falling due within one year	6	(4,623,351)		(4,606,327)
Net current assets (liabilities)			(11,963)		185,450
Total assets less current liabilities			772,915		1,038,479
Creditors amounts falling due after one year	7		(42,816)		(296,784)
Provisions for liabilities	9		(129,100)		(140,000)
Net assets			600,999		601,695
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			599,999		600,695
Shareholders' funds			600,999		601,695