REGISTERED NUMBER: 05478388 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

G.S. BROWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G S Brown

SECRETARY:

Mrs C A Brown

REGISTERED OFFICE:

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

05478388 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,519,355

2,426,241

Investments

6

935,630

816,391

3,454,985

3,242,632

CURRENT ASSETS

Stocks

1,167,300

1,101,290

Debtors

7

529,581

434,266

Cash at bank and in hand

50

35,636

1,696,931

1,571,192

CREDITORS

Amounts falling due within one year

8

520,473

332,689

NET CURRENT ASSETS

1,176,458

1,238,503

TOTAL ASSETS LESS CURRENT LIABILITIES

4,631,443

4,481,135

PROVISIONS FOR LIABILITIES

52,371

87,635

NET ASSETS

4,579,072

4,393,500

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

4,578,922

4,393,350

SHAREHOLDERS' FUNDS

4,579,072

4,393,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 December 2025 and were signed by:

G S Brown - Director

1.	STATUTORY INFORMATION

G.s. Brown Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost and 20% on cost

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

111,800

AMORTISATION

At 1 April 2024

and 31 March 2025

111,800

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

2,059,911

716,313

2,776,224

Additions

220,715

22,013

242,728

Disposals

-

(47,650

)

(47,650

)

At 31 March 2025

2,280,626

690,676

2,971,302

DEPRECIATION

At 1 April 2024

-

349,983

349,983

Charge for year

-

114,054

114,054

Eliminated on disposal

-

(12,090

)

(12,090

)

At 31 March 2025

-

451,947

451,947

NET BOOK VALUE

At 31 March 2025

2,280,626

238,729

2,519,355

At 31 March 2024

2,059,911

366,330

2,426,241

6.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 April 2024

1,070,848

Additions

116,000

At 31 March 2025

1,186,848

PROVISIONS

At 1 April 2024

254,457

Impairments

(3,239

)

At 31 March 2025

251,218

NET BOOK VALUE

At 31 March 2025

935,630

At 31 March 2024

816,391

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

288,470

232,888

Other debtors

241,111

201,378

529,581

434,266

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

78,822

-

Hire purchase contracts

10,000

20,000

Trade creditors

321,132

215,969

Taxation and social security

102,513

93,496

Other creditors

8,006

3,224

520,473

332,689

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

G S Brown

Balance outstanding at start of year

116,102

121,099

Amounts advanced

29,700

17,395

Amounts repaid

(2,230

)

(22,392

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

143,572

116,102

10.	RELATED PARTY DISCLOSURES

G.S. Brown, the director, pays the company rent for the use of land owned by the company, £2,400 was paid in the current accounting year (£1,800 last year). Catherine Brown, the company secretary, carries out the book keeping for the company charging £6,625 in this year (£4,875 last year). The balance on the director's current account at 31/03/25 was £143,572 (£116,102 at 31/03/24) and this is included in other debtors.

11.	ULTIMATE CONTROLLING PARTY

Geoffrey Stuart Brown is the ultimate controlling party being director and majority shareholder. Catherine Ann Brown, the wife of Geoffrey, is company secretary.