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Company Registration No. SC459117 (Scotland)
Browne White Ltd Unaudited accounts for the year ended 31 March 2025
Browne White Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Browne White Ltd Company Information for the year ended 31 March 2025
Director
Anna Louise White
Company Number
SC459117 (Scotland)
Registered Office
Scotlandshop Station Works Station Road Duns Berwickshire TD11 3EJ Scotland
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Browne White Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
95,232 
90,227 
Tangible assets
5
199,140 
156,949 
Investments
6
228,706 
228,706 
523,078 
475,882 
Current assets
Inventories
408,040 
418,880 
Debtors
7
624,999 
427,147 
Cash at bank and in hand
(107,196)
38,645 
925,843 
884,672 
Creditors: amounts falling due within one year
8
(1,091,300)
(1,016,823)
Net current liabilities
(165,457)
(132,151)
Total assets less current liabilities
357,621 
343,731 
Creditors: amounts falling due after more than one year
9
(591,380)
(393,725)
Net liabilities
(233,759)
(49,994)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(233,859)
(50,094)
Shareholders' funds
(233,759)
(49,994)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2025 and were signed on its behalf by
Anna Louise White Director Company Registration No. SC459117
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Browne White Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Browne White Ltd is a private company, limited by shares, registered in Scotland, registration number SC459117. The registered office is Scotlandshop, Station Works, Station Road, Duns, Berwickshire, TD11 3EJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company has been profitable for many years. Profitability has been impacted by investment into the future of the company through the movement to improved offices, investment in the US business and website redevelopment. In the opinion of the director these steps lead to a return to profitability. At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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Browne White Ltd Notes to the Accounts for the year ended 31 March 2025
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on cost
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
10,000 
352,304 
362,304 
Additions
- 
61,693 
61,693 
At 31 March 2025
10,000 
413,997 
423,997 
Amortisation
At 1 April 2024
10,000 
262,077 
272,077 
Charge for the year
56,688 
- 
56,688 
At 31 March 2025
66,688 
262,077 
328,765 
Net book value
At 31 March 2025
(56,688)
151,920 
95,232 
At 31 March 2024
- 
90,227 
90,227 
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Software - 5 years straight line
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Browne White Ltd Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
209,916 
190,022 
399,938 
Additions
78,468 
3,339 
81,807 
At 31 March 2025
288,384 
193,361 
481,745 
Depreciation
At 1 April 2024
90,667 
152,322 
242,989 
Charge for the year
25,425 
14,191 
39,616 
At 31 March 2025
116,092 
166,513 
282,605 
Net book value
At 31 March 2025
172,292 
26,848 
199,140 
At 31 March 2024
119,249 
37,700 
156,949 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2024
228,706 
Valuation at 31 March 2025
228,706 
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
12,117 
- 
Trade debtors
14,005 
28,799 
Amounts due from group undertakings etc.
561,499 
324,721 
Accrued income and prepayments
23,850 
- 
Other debtors
13,528 
73,627 
624,999 
427,147 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
65,151 
135,403 
Trade creditors
409,613 
550,699 
Taxes and social security
9,179 
10,910 
Other creditors
1,095 
319,811 
Loans from directors
592,740 
- 
Accruals
13,522 
- 
1,091,300 
1,016,823 
- 7 -
Browne White Ltd Notes to the Accounts for the year ended 31 March 2025
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
462,636 
268,725 
Other creditors
128,744 
125,000 
591,380 
393,725 
10
Average number of employees
During the year the average number of employees was 25 (2024: 28).
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