BROWNS TOBERMORY LTD - Filleted accounts

Registered number

SC741806

BROWNS TOBERMORY LTD

Unaudited Filleted Accounts

31 March 2026

BROWNS TOBERMORY LTD
Registered number:		SC741806
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		27,792			29,816

Current assets
Stocks		147,536			144,103
Debtors	4	10,870			5,378
Cash at bank and in hand		3,778			7,113
		162,184			156,594

Creditors: amounts falling due within one year	5	(46,213)			(58,731)

Net current assets			115,971			97,863

Total assets less current liabilities			143,763			127,679

Creditors: amounts falling due after more than one year	6		(4,534)			(4,960)



Net assets			139,229			122,719

Capital and reserves
Called up share capital			10			10
Profit and loss account			139,219			122,709

Shareholders' funds			139,229			122,719

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Colin MacDonald
Director
Approved by the board on 21 September 2026

BROWNS TOBERMORY LTD
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Commercial Motor Vehicle					over 5 years
	Shop & Office Equipment - including tool batteries and mobile phone					over 2 years
	Shop & Office Equipment - including computer equipment, till, security cameras, scales, display lights, electric fire, guillotine, tools, hand stacker, sack truck, shop signs & vacuum					over 5 years
	Shop & Office Equipment - including shelving, floor mats, cabinets, sandbag filler, bookcases, cash drawers, trailer & cover, labelling guns, security cameras & display stands					over 10 years
	Shop & Office Equipment - atmospheric business specific painting, various shelving & corkboards					over 30 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Council Grants
	Argyll & Bute Council grant received in the year, totalling £2,951, was a conservation area shopfront grant and has been used to cover revenue repair expenditure. This grant has been recognised on the performance model, as income. Highlands & Islants Enterprise Islands Resilience Fund grant, totalling £5,514, was financial support to compensate the business for ferry dispruption and the subsequent impact on island vistor numbers in the year. This grant has been recognised on the performance model, as income.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		3


3	Tangible fixed assets
		Shop & Office Equipment		Commercial Motor Vehicle		Total
£			£		£
	Cost
	At 1 April 2025	14,875		18,824		33,699
	Additions	1,920		-		1,920
	Disposals	(178)		-		(178)
	At 31 March 2026	16,617		18,824		35,441

	Depreciation
	At 1 April 2025	1,747		2,136		3,883
	Charge for the year	2,053		1,765		3,818
	On disposals	(52)		-		(52)
	At 31 March 2026	3,748		3,901		7,649

	Net book value
	At 31 March 2026	12,869		14,923		27,792
	At 31 March 2025	13,128		16,688		29,816


4	Debtors			2026		2025
£					£

	Trade Debtors			2,700		-
	Square Balance			1,265		2,243
	Prepayments & Accrued Income			6,905		3,135
				10,870		5,378


5	Creditors: amounts falling due within one year			2026		2025
£					£

	CT61 Tax Payable			-		247
	Deferred Tax			747		705
	Square Gift Cards			963		683
	Trade Creditors			22,792		20,166
	Accruals			1,473		1,580
	PAYE/NIC Payable			5,908		4,746
	Corporation Tax Payable			8,900		6,388
	Pensions Payable			166		225
	VAT Payable			3,899		2,838
	Directors' Loan Account			1,365		21,153
				46,213		58,731


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Deferred Tax			4,534		4,960


7	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			21,875		-


8	Related party transactions

	At the year end the directors, Colin & Helen MacDonald, were owed £1,365 (2025: £21,153) by the company in equal share. This balance includes interest of £Nil (2025: £2,001), at a rate of 8%, charged to the company on the outstanding balance owed to the directors, and expensed to the profit and loss in the year. The directors were repaid post year end.


9	Other information

	BROWNS TOBERMORY LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
	21 Main Street
	Tobermory
	Argyll & Bute
	PA75 6NU