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Registered number: 01080090
Braywhite & Co Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Oxygen Accountancy
Business Advisors and Taxation Specialists
1 Cedar Barn
Hatton Technology Park
Hatton
Warwick
CV35 8XB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01080090
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,106,034 1,020,165
Investments 5 63,569 63,569
1,169,603 1,083,734
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 674,337 502,019
Cash at bank and in hand 331,270 388,057
1,010,607 895,076
Creditors: Amounts Falling Due Within One Year 8 (1,099,993 ) (798,091 )
NET CURRENT ASSETS (LIABILITIES) (89,386 ) 96,985
TOTAL ASSETS LESS CURRENT LIABILITIES 1,080,217 1,180,719
Creditors: Amounts Falling Due After More Than One Year 9 (109,437 ) (131,817 )
NET ASSETS 970,780 1,048,902
CAPITAL AND RESERVES
Called up share capital 10 2,705 2,705
Revaluation reserve 11 350,479 250,479
Capital redemption reserve 2,265 2,265
Profit and Loss Account 615,331 793,453
SHAREHOLDERS' FUNDS 970,780 1,048,902
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Faisal Lone
Director
6th May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Braywhite & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01080090 . The registered office is Halligan Buildings, 60 Cato Street, Birmingham, B7 4TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold over 50 years
Plant & Machinery over 7 years
Motor Vehicles over 4 years
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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 in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2025: 30)
30 30
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 April 2025 600,000 335,584 657,689 1,593,273
Additions - 10,000 91,091 101,091
Disposals - - (48,354 ) (48,354 )
Revaluation 100,000 - - 100,000
As at 31 March 2026 700,000 345,584 700,426 1,746,010
...CONTINUED
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Page 5
Depreciation
As at 1 April 2025 - 268,770 304,338 573,108
Provided during the period - 11,522 93,231 104,753
Disposals - - (37,885 ) (37,885 )
As at 31 March 2026 - 280,292 359,684 639,976
Net Book Value
As at 31 March 2026 700,000 65,292 340,742 1,106,034
As at 1 April 2025 600,000 66,814 353,351 1,020,165
5. Investments
Subsidiaries Other Total
£ £ £
Cost or Valuation
As at 1 April 2025 999 62,570 63,569
As at 31 March 2026 999 62,570 63,569
Provision
As at 1 April 2025 - - -
As at 31 March 2026 - - -
Net Book Value
As at 31 March 2026 999 62,570 63,569
As at 1 April 2025 999 62,570 63,569
6. Stocks
2026 2025
£ £
Stock 5,000 5,000
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 548,788 390,554
Other debtors 125,549 111,465
674,337 502,019
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 778,842 533,467
Other creditors 142,727 101,691
Taxation and social security 178,424 162,933
1,099,993 798,091
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 109,437 131,817
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2,705 2,705
11. Reserves
Revaluation reserve Capital Redemption Profit and Loss Account
£ £ £
As at 1 April 2025 250,479 2,265 793,453
Profit for year - - 187,878
Surplus on revaluation 100,000 - -
Other comprehensive income for the year 100,000 - -
Total comprehensive income for the year 100,000 - 187,878
Dividends paid - - (366,000)
As at 31 March 2026 350,479 2,265 615,331
Page 6