ACCOUNTS - Final Accounts

D A BROWNE & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Registered number: 06305313


D A BROWNE & SON LIMITED REGISTERED NUMBER:06305313

ABRIDGED BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		23,683		33,483
Tangible assets	5		296,246		295,123
			319,929		328,606
Current assets
Stocks		20,000		20,000
Debtors		25,853		22,719
Cash at bank and in hand		77,924		64,779
		123,777		107,498
Creditors: amounts falling due within one year		(88,377)		(103,713)
Net current assets			35,400		3,785
Total assets less current liabilities			355,329		332,391
Provisions for liabilities			(18,530)		(17,426)
Net assets			£336,799		£314,965

Capital and reserves
Called up share capital	100	100
Profit and loss account	336,699	314,865
	£336,799	£314,965

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D A BROWNE & SON LIMITED REGISTERED NUMBER:06305313

ABRIDGED BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The abridged financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2025.

D G Browne	J I Browne
Director	Director

The notes on pages 3 to 6 form part of these abridged financial statements.

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D A BROWNE & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

D A Browne & Son Limited is a private company, limited by shares, domiciled in England and Wales, registration number 06305313. The Company's two principal places of business are 29 St. Nicholas Street, Diss, Norfolk, IP22 4LB and 35 The Thoroughfare, Harleston, Norfolk, IP20 9AS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of meat and associated products supplied by the Company, exclusive of Value Added Tax.

2.3

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Statement of Comprehensive Income over its estimated economic life of twenty years.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives.

Depreciation is provided on the following basis:

Freehold business premises	-	2% straight line
Motor vehicles	-	25% reducing balance
Fixtures, fittings & equipment	-	15% reducing balance

A full years depreciation charge is provided in the year of acquisition and none in the year of disposal.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.5

Stocks

Stocks are valued at the lower of cost and net realisable value.

2.6

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

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D A BROWNE & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

2.9

Creditors

Creditors are measured at transaction price.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.11

Interest income

Interest income is recognised in the Statement of Comprehensive Income in the year in which it is received.

2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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D A BROWNE & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.14

Current and deferred taxation

The taxation expense for the year comprises current and deferred tax. Taxation is only recognised in the Statement of Comprehensive Income.

The current corporation tax charge is calculated on the basis of taxation rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.

Employees

The average monthly number of employees, including directors, during the year was 13 (2024 - 13).

4.	Intangible assets


		£
	Cost
	At 1 April 2024	196,000
	At 31 March 2025	196,000
	Amortisation
	At 1 April 2024	162,517
	Charge for the year on owned assets	9,800
	At 31 March 2025	172,317
	Net book value
	At 31 March 2025	£23,683
	At 31 March 2024	£33,483

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D A BROWNE & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Tangible fixed assets

	Freehold Land & Buildings	Motor Vehicles	Fixtures, Fittings & Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	254,927	44,185	133,678	432,790
Additions	-	-	24,114	24,114
At 31 March 2025	254,927	44,185	157,792	456,904
Depreciation
At 1 April 2024	36,878	15,059	85,730	137,667
Charge for the year on owned assets	4,899	7,282	10,810	22,991
At 31 March 2025	41,777	22,341	96,540	160,658
Net book value
At 31 March 2025	£213,150	£21,844	£61,252	£296,246
At 31 March 2024	£218,049	£29,126	£47,948	£295,123

Included in freehold land and buildings is freehold land at a cost of £10,000 (2024 - £10,000) which is not depreciated.

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