REGISTERED NUMBER: SC029516 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOHN BROWN (STRONE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Galbraith

C I Bence

REGISTERED OFFICE:

Strone Place

5 Hamilton Street

Dunoon

Argyll

PA23 7RG

REGISTERED NUMBER:

SC029516 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

190,897

Tangible assets

5

224,998

CURRENT ASSETS

264,856

Stocks

384,626

923,843

Debtors

6

725,610

87,075

Cash at bank and in hand

113,340

1,275,774

1,223,576

CREDITORS

549,236

Amounts falling due within one year

7

391,267

726,538

NET CURRENT ASSETS

832,309

917,435

TOTAL ASSETS LESS CURRENT LIABILITIES

1,057,307

CREDITORS

(86,489

)

Amounts falling due after more than one year

8

(51,822

)

(36,270

)

PROVISIONS FOR LIABILITIES

10

(56,250

)

794,676

NET ASSETS

949,235

CAPITAL AND RESERVES

105,000

Called up share capital

11

105,000

689,676

Retained earnings

844,235

794,676

SHAREHOLDERS' FUNDS

949,235

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

P Galbraith - Director

C I Bence - Director

1.	STATUTORY INFORMATION

John Brown (Strone) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the cost at the balance sheet date plus a contribution to profit dependent on the status of services completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

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 all 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. 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.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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. Amounts owed to the pension company at the Balance Sheet date are included in Other Creditors at Note 8.

Cash & cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 33 ) .

5.	TANGIBLE FIXED ASSETS

Plant &

Motor

Totals

machinery

vehicles

£

£

£

COST

At 1 April 2024

477,977

226,884

251,093

Additions

94,129

34,940

59,189

Disposals

(86,214

)

(45,400

)

(40,814

)

At 31 March 2025

485,892

216,424

269,468

DEPRECIATION

At 1 April 2024

287,080

138,279

148,801

Charge for year

49,087

20,480

28,607

Eliminated on disposal

(75,273

)

(38,334

)

(36,939

)

At 31 March 2025

260,894

120,425

140,469

NET BOOK VALUE

At 31 March 2025

224,998

95,999

128,999

At 31 March 2024

190,897

88,605

102,292

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant &

Motor

Totals

machinery

vehicles

£

£

£

COST

At 1 April 2024

99,288

73,600

25,688

Additions

42,091

-

42,091

At 31 March 2025

141,379

73,600

67,779

DEPRECIATION

At 1 April 2024

18,220

8,587

9,633

Charge for year

17,893

13,002

4,891

At 31 March 2025

36,113

21,589

14,524

NET BOOK VALUE

At 31 March 2025

105,266

52,011

53,255

At 31 March 2024

81,068

65,013

16,055

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

151,927

315,559

Amounts owed by group undertakings

552,223

596,273

Other debtors

21,460

12,011

725,610

923,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

40,000

40,000

Hire purchase contracts

32,196

24,690

Trade creditors

121,291

230,423

Taxation and social security

147,437

161,714

Other creditors

50,343

92,409

391,267

549,236

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,000

50,000

Hire purchase contracts

41,822

36,489

51,822

86,489

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire Purchase

74,018

61,179

G Brown & Mrs E Brown jointly held a bond and floating charge over the whole assets of the company, this charge was satisfied on 9th July 2024.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

56,250

36,270

Deferred tax

£

Balance at 1 April 2024

36,270

Accelerated capital allowances

19,980

Balance at 31 March 2025

56,250

This is in respect of accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

105,000

Ordinary

£1

105,000

105,000

12.	ULTIMATE CONTROLLING PARTY

13.	IMMEDIATE PARENT COMPANY

The immediate parent company is John Brown (Strone) Holdings Limited, a company registered in Scotland and whose registered office is Strone Place, 5 Hamilton Street, Dunoon, Argyll, PA23 7RG.