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Company Registration No. 07050808 (England and Wales)
PHILIP BROWN VIOLINS LIMITED Unaudited accounts for the year ended 31 December 2024
PHILIP BROWN VIOLINS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PHILIP BROWN VIOLINS LIMITED Company Information for the year ended 31 December 2024
Director
P. Brown
Company Number
07050808 (England and Wales)
Registered Office
63 CHEAP STREET NEWBURY BERKSHIRE RG14 5DH ENGLAND
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PHILIP BROWN VIOLINS LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
32,760 
41,883 
Current assets
Inventories
298,850 
314,860 
Debtors
6
23,252 
31,400 
Cash at bank and in hand
35,525 
11,952 
357,627 
358,212 
Creditors: amounts falling due within one year
7
(96,229)
(92,913)
Net current assets
261,398 
265,299 
Total assets less current liabilities
294,158 
307,182 
Creditors: amounts falling due after more than one year
8
- 
(14,250)
Provisions for liabilities
Deferred tax
(8,014)
(8,014)
Net assets
286,144 
284,918 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
285,944 
284,718 
Shareholders' funds
286,144 
284,918 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 26 September 2025 and were signed on its behalf by
P. Brown Director Company Registration No. 07050808
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PHILIP BROWN VIOLINS LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PHILIP BROWN VIOLINS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07050808. The registered office is 63 CHEAP STREET, NEWBURY, BERKSHIRE, RG14 5DH, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Goodwill has been fully amortised. No further additions of goodwill are anticipated.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
49,333 
At 31 December 2024
49,333 
Amortisation
At 1 January 2024
49,333 
At 31 December 2024
49,333 
Net book value
At 31 December 2024
- 
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PHILIP BROWN VIOLINS LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
99,329 
31,796 
131,125 
Additions
3,089 
- 
3,089 
At 31 December 2024
102,418 
31,796 
134,214 
Depreciation
At 1 January 2024
65,254 
23,988 
89,242 
Charge for the year
9,609 
2,603 
12,212 
At 31 December 2024
74,863 
26,591 
101,454 
Net book value
At 31 December 2024
27,555 
5,205 
32,760 
At 31 December 2023
34,075 
7,808 
41,883 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,502 
26,286 
Accrued income and prepayments
5,841 
4,963 
Other debtors
909 
151 
23,252 
31,400 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,970 
10,648 
VAT
10,430 
4,659 
Trade creditors
59,111 
74,256 
Taxes and social security
9,878 
6,249 
Other creditors
6,143 
2,917 
Loans from directors
(5,603)
(7,116)
Accruals
1,300 
1,300 
96,229 
92,913 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
14,250 
9
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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