Brown & Co (Kendal) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07499635

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		20,800		26,000
Tangible Assets	5		22,531		14,826

			43,331		40,826
CURRENT ASSETS
Stocks	6	118,700		70,500
Debtors	7	288,399		125,100
Cash at bank and in hand		68,455		107,267

		475,554		302,867
Creditors: Amounts Falling Due Within One Year	8	(145,098 )		(124,544 )

NET CURRENT ASSETS (LIABILITIES)			330,456		178,323

TOTAL ASSETS LESS CURRENT LIABILITIES			373,787		219,149

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,634 )		(3,707 )

NET ASSETS			368,153		215,442

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			368,151		215,440

SHAREHOLDERS' FUNDS			368,153		215,442

Page 1

Page 2

Brown & Co (Kendal) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christopher Brown

Director

05/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Brown & Co (Kendal) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07499635 . The registered office is Murley Moss Business Village, Oxenholme Road, Kendal, Cumbria, LA9 7RL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	over the lease period
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Brown & Co (Kendal) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	446,000	1,000	447,000

As at 31 March 2025	446,000	1,000	447,000

Amortisation
As at 1 April 2024	420,000	1,000	421,000
Provided during the period	5,200	-	5,200

As at 31 March 2025	425,200	1,000	426,200

Net Book Value
As at 31 March 2025	20,800	-	20,800

As at 1 April 2024	26,000	-	26,000

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	-	8,054	23,512	31,566
Additions	4,321	3,225	6,929	14,475
Disposals	-	(5,751 )	(2,875 )	(8,626 )

As at 31 March 2025	4,321	5,528	27,566	37,415

Depreciation
As at 1 April 2024	-	6,301	10,439	16,740
Provided during the period	115	553	6,102	6,770
Disposals	-	(5,751 )	(2,875 )	(8,626 )

As at 31 March 2025	115	1,103	13,666	14,884

Net Book Value
As at 31 March 2025	4,206	4,425	13,900	22,531

As at 1 April 2024	-	1,753	13,073	14,826

Page 4

Page 5

Brown & Co (Kendal) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	31 March 2025	31 March 2024
	£	£
Work in progress	118,700	70,500

7. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	110,548	99,590
Prepayments and accrued income	17,431	25,070
Other debtors	416	440
Amounts owed by group undertakings	160,004	-

	288,399	125,100

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	23,490	44,024
Corporation tax	54,050	35,943
Other taxes and social security	5,572	9,666
VAT	60,239	29,608
Other creditors	1,668	-
Accruals and deferred income	-	4,679
Director's loan account	79	624

	145,098	124,544

9. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	2	2

10. Ultimate Controlling Party

The company's ultimate controlling party is Brown & Co Group Limited by virtue of their ownership of 100% of the issued share capital in the company.

Page 5