REGISTERED NUMBER: 06505756 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

OLIVER BROWN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O C Brown

Mr L Brown

Mrs N L Brown

SECRETARY:

Mr L Brown

REGISTERED OFFICE:

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

REGISTERED NUMBER:

06505756 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Tangible assets

4

423,151

467,520

CURRENT ASSETS

Stocks

10,005

12,251

Debtors

5

275,841

128,704

Cash at bank

134,456

101,932

420,302

242,887

CREDITORS

Amounts falling due within one year

6

350,510

141,210

NET CURRENT ASSETS

69,792

101,677

TOTAL ASSETS LESS CURRENT LIABILITIES

492,943

569,197

CREDITORS

Amounts falling due after more than one year

7

(62,684

)

(129,335

)

PROVISIONS FOR LIABILITIES

(104,859

)

(107,781

)

NET ASSETS

325,400

332,081

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

324,400

331,081

325,400

332,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 28th November 2025 and were signed on its behalf by:

Mr O C Brown - Director

1.	STATUTORY INFORMATION

Oliver Brown 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.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery etc

-

50% on cost, 33% on cost, 25% on cost, 20% on cost and Straight line over life of lease

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

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 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

928,598

Additions

85,527

Disposals

(272,703

)

At 31st March 2025

741,422

DEPRECIATION

At 1st April 2024

461,078

Charge for year

107,868

Eliminated on disposal

(250,675

)

At 31st March 2025

318,271

NET BOOK VALUE

At 31st March 2025

423,151

At 31st March 2024

467,520

The net book value of assets held under hire purchase agreements and finance leases was £259,826 (2024: £330,641).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

178,635

30,699

Other debtors

97,206

98,005

275,841

128,704

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,407

10,345

Hire purchase contracts

48,342

68,101

Trade creditors

208,568

28,320

Tax

25,124

-

Social security and other taxes

29,098

1,858

Other creditors

6,424

1,594

Director's loan account

-

11,276

Accrued expenses

21,547

19,716

350,510

141,210

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

886

12,294

Hire purchase contracts

61,798

117,041

62,684

129,335

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

110,140

185,142

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mr O C Brown

Balance outstanding at start of year

(11,276

)

(19,940

)

Amounts advanced

12,000

21,097

Amounts repaid

(82

)

(12,433

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

642

(11,276

)

10.	RELATED PARTY DISCLOSURES

A loan of £61,062 (2024 : £51,059) was due from the parent company. During the year the parent company charged £25,000 for use of its assets.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Oliver Brown Holdings Ltd.