John Brown 4x4 Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

John Brown 4x4 Limited

Company Information

Directors

Mr John William Brown Mrs Lisa Brown Mr John Roy Brown

Registered office

Unit 3 Thorpefield Business Park , Sowerby Thirsk North Yorkshire YO7 3HH

Accountants

Chuhan and Singh Partnership Limited Chartered Accountants81 Borough Road Middlesbrough TS1 3AA

John Brown 4x4 Limited

(Registration number: 07812316)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	6,936	8,160
Current assets
Stocks		362,004	181,159
Debtors	4	283,571	381,635
Cash at bank and in hand		91,914	94,920
		737,489	657,714
Creditors: Amounts falling due within one year	5	(110,394)	(42,492)
Net current assets		627,095	615,222
Net assets		634,031	623,382
Capital and reserves
Called up share capital		4	4
Retained earnings		634,027	623,378
Shareholders' funds		634,031	623,382

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

John Brown 4x4 Limited

(Registration number: 07812316)
Balance Sheet as at 31 October 2024 (continued)

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2025 and signed on its behalf by:
 

......................................... Mr John Roy Brown Director

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 5).

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

3	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 November 2023	30,479	30,479
At 31 October 2024	30,479	30,479
Depreciation
At 1 November 2023	22,319	22,319
Charge for the year	1,224	1,224
At 31 October 2024	23,543	23,543
Carrying amount
At 31 October 2024	6,936	6,936
At 31 October 2023	8,160	8,160

4

Debtors

Current	2024 £	2023 £
Other debtors	283,571	381,635
	283,571	381,635

John Brown 4x4 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	-	3,175
Taxation and social security	80,685	37,707
Accruals and deferred income	5,000	1,000
Other creditors	24,709	610
	110,394	42,492

6	Related party transactions

Included in Other Debtors are amounts owed to the company by the directors totalling £283,571 (2023 - £381,636) and interest was charged upon this