REGISTERED NUMBER: 04649421 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

STUART BROWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S N Brown

Mrs J A Brown

SECRETARY:

Mrs J A Brown

REGISTERED OFFICE:

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

BUSINESS ADDRESS:

Unit 1, Blackmoor Farm

New Road

Maulden

Bedfordshire

MK45 2BG

REGISTERED NUMBER:

04649421 (England and Wales)

ACCOUNTANTS:

GKP (Ampthill) Limited

Chartered Accountants

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

93,333

65,050

93,333

65,050

CURRENT ASSETS

Stocks

120,000

105,000

Debtors

6

27,146

30,883

Cash at bank and in hand

170,946

162,350

318,092

298,233

CREDITORS

Amounts falling due within one year

7

(249,199

)

(242,976

)

NET CURRENT ASSETS

68,893

55,257

TOTAL ASSETS LESS CURRENT LIABILITIES

162,226

120,307

CREDITORS

Amounts falling due after more than one year

8

(21,350

)

(20,262

)

PROVISIONS FOR LIABILITIES

(23,333

)

(16,263

)

NET ASSETS

117,543

83,782

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

117,541

83,780

SHAREHOLDERS' FUNDS

117,543

83,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

S N Brown - Director

1.	STATUTORY INFORMATION

Stuart Brown Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

125,000

AMORTISATION

At 1 June 2024

and 31 May 2025

125,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

39,458

54,764

90,302

184,524

Additions

515

6,092

46,017

52,624

Disposals

-

-

(23,549

)

(23,549

)

At 31 May 2025

39,973

60,856

112,770

213,599

DEPRECIATION

At 1 June 2024

33,612

43,307

42,555

119,474

Charge for year

893

1,178

18,690

20,761

Eliminated on disposal

-

-

(19,969

)

(19,969

)

At 31 May 2025

34,505

44,485

41,276

120,266

NET BOOK VALUE

At 31 May 2025

5,468

16,371

71,494

93,333

At 31 May 2024

5,846

11,457

47,747

65,050

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

40,775

Additions

41,653

At 31 May 2025

82,428

DEPRECIATION

At 1 June 2024

10,831

Charge for year

14,428

At 31 May 2025

25,259

NET BOOK VALUE

At 31 May 2025

57,169

At 31 May 2024

29,944

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,543

23,932

Prepayments

14,603

6,951

27,146

30,883

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Hire purchase contracts

15,635

7,126

Trade creditors

58,765

77,799

Tax

17,540

17,341

Social security and other taxes

736

631

VAT

9,599

13,960

Directors' current accounts

136,642

115,991

Accrued expenses

5,282

5,128

249,199

242,976

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

416

5,000

Bank loans - 2-5 years

-

416

Hire purchase contracts

20,934

14,846

21,350

20,262

9.	SECURED DEBTS

Bounce back loan, with Barclays is secured by a government backed guarantee.

Hire Purchase liabilities are secured on the assets acquired.