REGISTERED NUMBER: SC061242 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Brown Bros.(Peebles)Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Brown

J I Hume

C N Macdonald

REGISTERED OFFICE:

Edinburgh Road

Peebles

Peeblesshire

EH45 8DF

REGISTERED NUMBER:

SC061242 (Scotland)

ACCOUNTANT:

Gall Robertson CA

Tweedside Park

Tweedbank

Galashiels

Selkirkshire

TD1 3TE

FIXED ASSETS

Tangible assets

4

1,086,531

1,057,336

CURRENT ASSETS

Stocks

2,177,749

2,949,847

Debtors

5

1,113,634

993,876

Prepayments and accrued income

103,046

105,476

Cash at bank and in hand

196,319

256,119

3,590,748

4,305,318

CREDITORS

Amounts falling due within one year

6

2,766,934

3,658,109

NET CURRENT ASSETS

823,814

647,209

TOTAL ASSETS LESS CURRENT LIABILITIES

1,910,345

1,704,545

CREDITORS

Amounts falling due after more than one year

7

(359,121

)

(398,267

)

PROVISIONS FOR LIABILITIES

(26,064

)

(2,036

)

ACCRUALS AND DEFERRED INCOME

(304,452

)

(139,715

)

NET ASSETS

1,220,708

1,164,527

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Share premium

301,431

301,431

Revaluation reserve

9

216,847

216,847

Retained earnings

667,430

611,249

1,220,708

1,164,527

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

R Brown - Director

1.	STATUTORY INFORMATION

Brown Bros.(Peebles)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.	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.

Going Concern

The directors have assessed a period of 12 months from the date of approval of the financial statements and consider that no material uncertainties exist that cast significant doubt about the ability of the company to continue as a going concern. Thus the directors adopt the going concern basis of accounting in preparing the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable from (goods supplied and services rendered), net of discounts and Value Added Tax. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the above streams is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

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

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities including trade creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,149,999

241,679

1,391,678

Additions

21,127

59,030

80,157

Disposals

-

(20,782

)

(20,782

)

At 31 March 2025

1,171,126

279,927

1,451,053

DEPRECIATION

At 1 April 2024

168,762

165,580

334,342

Charge for year

22,939

28,015

50,954

Eliminated on disposal

-

(20,774

)

(20,774

)

At 31 March 2025

191,701

172,821

364,522

NET BOOK VALUE

At 31 March 2025

979,425

107,106

1,086,531

At 31 March 2024

981,237

76,099

1,057,336

Land and buildings with a net book value of £979,425 (2024: £981,237) were revalued on 12 May 2016 on the basis of market value by J E Shepherd Chartered Surveyors, independent valuers who are not connected with the company. The valuation was based on recent market transactions on arm's length terms for similar properties. No taxation arises on this revaluation. The cost of the land and buildings amounted to £1,171,126 (2024: £1,149,999).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

902,310

818,371

Amounts owed by group undertakings

211,324

175,505

1,113,634

993,876

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

36,000

36,000

Trade creditors

2,436,365

3,503,087

Amounts owed to group undertakings

100,661

35,502

Taxation and social security

193,908

83,520

2,766,934

3,658,109

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

359,121

398,267

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

215,121

254,267

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

395,121

434,267

Bank loans and overdrafts are secured by way of a standard security in favour of the Bank of Scotland PLC over all and whole subjects at Edinburgh Road, Peebles effective from 11th October 2016.

Bank loans and overdrafts are secured by way of a standard security in favour of the Bank of Scotland PLC over subjects at North Street, Peebles effective from 6th October 2016.

Bank loans and overdrafts are secured by way of a floating charge in favour of the Bank of Scotland PLC over the whole of the property (including uncalled capital) which is or may be from time to time comprised in the property and undertaking of the company effective from 30th September 2016.

Amounts owed in respect of Honda Agreements are secured by way of a floating charge in favour of Honda Finance Europe plc over all the the assets, property and undertaking of the company effective 5th September 2016 (altered 30th September 2016).

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

216,847