Company Registration No. SC459117 (Scotland)
Browne White Ltd
Unaudited accounts
for the year ended 31 March 2026
Browne White Ltd
Unaudited accounts
Contents
Browne White Ltd
Company Information
for the year ended 31 March 2026
Director
Anna Louise White
Company Number
SC459117 (Scotland)
Registered Office
Scotlandshop
Station Works
Station Road
Duns
Berwickshire
TD11 3EJ
Scotland
Browne White Ltd
Statement of financial position
as at 31 March 2026
Intangible assets
67,893
95,232
Tangible assets
170,165
199,140
Investments
228,706
228,706
Inventories
476,873
408,040
Cash at bank and in hand
(51,736)
(107,196)
Creditors: amounts falling due within one year
(797,358)
(1,091,300)
Net current assets/(liabilities)
571,161
(165,457)
Total assets less current liabilities
1,037,925
357,621
Creditors: amounts falling due after more than one year
(1,130,142)
(591,380)
Net liabilities
(92,217)
(233,759)
Called up share capital
100
100
Profit and loss account
(92,317)
(233,859)
Shareholders' funds
(92,217)
(233,759)
For the year ending 31 March 2026 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 2 May 2026 and were signed on its behalf by
Anna Louise White
Director
Company Registration No. SC459117
Browne White Ltd
Notes to the Accounts
for the year ended 31 March 2026
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
During the year the company returned to profitability following a period of investment in the business, including relocation to improved premises, investment in the US business and redevelopment of the company’s website. Turnover increased during the year and the director expects these investments to continue supporting future trading performance.
In assessing the appropriateness of the going concern basis, the director has prepared and reviewed cash flow forecasts and trading projections covering a period of at least twelve months from the date of approval of the financial statements. These forecasts indicate that the company will have sufficient resources to continue to meet its liabilities as they fall due.
The director has also considered the company’s existing banking arrangements and ongoing working capital requirements. Based on this review, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the financial statements have been prepared on the going concern basis.
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.
Browne White Ltd
Notes to the Accounts
for the year ended 31 March 2026
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
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Browne White Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2025
10,000
413,997
423,997
At 31 March 2026
10,000
428,050
438,050
At 1 April 2025
10,000
318,765
328,765
Charge for the year
-
41,392
41,392
At 31 March 2026
10,000
360,157
370,157
At 31 March 2026
-
67,893
67,893
At 31 March 2025
-
95,232
95,232
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
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2025
288,384
193,361
481,745
At 31 March 2026
288,384
193,361
481,745
At 1 April 2025
116,092
166,513
282,605
Charge for the year
22,963
6,012
28,975
At 31 March 2026
139,055
172,525
311,580
At 31 March 2026
149,329
20,836
170,165
At 31 March 2025
172,292
26,848
199,140
Browne White Ltd
Notes to the Accounts
for the year ended 31 March 2026
6
Investments
Subsidiary undertakings
Valuation at 1 April 2025
228,706
Valuation at 31 March 2026
228,706
Finished goods
476,873
408,040
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Amounts falling due within one year
Trade debtors
29,636
14,005
Amounts due from group undertakings etc.
722,884
561,499
Deferred tax asset
100,953
-
Accrued income and prepayments
72,439
23,850
Other debtors
6,112
13,528
9
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
297,810
65,151
Trade creditors
402,436
409,613
Taxes and social security
77,594
9,179
Other creditors
3,632
1,095
Loans from directors
-
592,740
10
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
262,495
462,636
Other creditors
68,047
128,744
Loans from directors
799,600
-
Browne White Ltd
Notes to the Accounts
for the year ended 31 March 2026
11
Deferred taxation
2026
2025
Tax losses carried forward
(100,953)
-
Credited to the profit and loss account
(100,953)
-
Provision at end of year
(100,953)
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
13
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
29,525
30,119
Later than one year and not later than five years
-
29,525
14
Transactions with related parties
During the year the company charged management fees of £48,000 (2025: £0) to subsidiary undertakings in respect of administrative and management services provided.
The transactions were undertaken on normal commercial terms and in the ordinary course of business.
15
Average number of employees
During the year the average number of employees was 28 (2025: 25).