Wm Brown & Co (Maintenance) Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC271270 (Scotland)

Financial Statements for the Year Ended 31 July 2019

for

Wm Brown & Co (Maintenance) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

C Kilpatrick

REGISTERED OFFICE:

37 James Watt Place

EAST KILBRIDE

Strathclyde

G74 5HG

REGISTERED NUMBER:

SC271270 (Scotland)

ACCOUNTANTS:

IDS and Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

FIXED ASSETS

Tangible assets

4

76,148

48,188

CURRENT ASSETS

Stocks and work in progress

38,536

32,801

Debtors

5

247,214

294,629

Cash at bank

98,547

64,775

384,297

392,205

CREDITORS

Amounts falling due within one year

6

85,669

117,123

NET CURRENT ASSETS

298,628

275,082

TOTAL ASSETS LESS CURRENT LIABILITIES

374,776

323,270

PROVISIONS FOR LIABILITIES

11,302

9,130

NET ASSETS

363,474

314,140

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

363,374

314,040

SHAREHOLDERS' FUNDS

363,474

314,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2020 and were signed by:

C Kilpatrick - Director

1.	STATUTORY INFORMATION

Wm Brown & Co (Maintenance) Ltd. is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is represented by the provision of ventilation & emergency system maintenance services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and

slow-moving stocks.

Work in progress is valued at the total value of the materials and labour for unfinished projects not yet invoiced.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to or from related parties and investments in non-puttable ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 12 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

83,372

Additions

51,829

Disposals

(9,895

)

At 31 July 2019

125,306

DEPRECIATION

At 1 August 2018

35,184

Charge for year

21,981

Eliminated on disposal

(8,007

)

At 31 July 2019

49,158

NET BOOK VALUE

At 31 July 2019

76,148

At 31 July 2018

48,188

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade debtors

130,861

185,046

Other debtors

114,007

108,580

Prepayments and accrued income

2,346

1,003

247,214

294,629

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

39,446

29,019

Corporation Tax

11,237

10,779

Social security and other taxes

9,025

16,970

VAT

6,844

40,829

Other creditors

1,208

4,583

Director's loan accs less 1yr

-

610

Accruals and deferred income

17,909

14,333

85,669

117,123

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the start of the year the company owed £610 to its director. The company repaid this loan in full during the

year and there were no further transactions between the company and its director.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Wm Brown & Co (Maintenance) Ltd. for the year ended 31 July 2019 which comprise the

Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Wm Brown & Co (Maintenance) Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wm Brown & Co (Maintenance) Ltd. and state those matters that we have agreed to state to the director of Wm Brown & Co (Maintenance) Ltd. in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wm Brown & Co (Maintenance) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wm Brown & Co (Maintenance) Ltd.. You consider that Wm Brown & Co (Maintenance) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wm Brown & Co (Maintenance) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

IDS and Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

21 April 2020