Brown & Gammons Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01302279 (England and Wales)

Brown & Gammons Limited

Financial Statements For The Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

R A Gammons

Mrs V Gammons

M S Gammons

Mrs L M J Jarvis

SECRETARY:

Mrs V Gammons

REGISTERED OFFICE:

The Straw Barn

Upton End Farm Business Park

Meppershall Road. Shillington

Beds

SG5 3PF

REGISTERED NUMBER:

01302279 (England and Wales)

ACCOUNTANTS:

Premier Accountancy

The Straw Barn

Upton End Business Park

Meppershall Road

Shillington

Bedfordshire

SG5 3PF

FIXED ASSETS

Intangible assets

3

7,720

8,685

Tangible assets

4

2,149,220

3,178,150

2,156,940

3,186,835

CURRENT ASSETS

Stocks

566,508

557,558

Debtors

5

432,012

1,333

Cash at bank and in hand

18,998

74,847

1,017,518

633,738

CREDITORS

Amounts falling due within one year

6

902,236

566,075

NET CURRENT ASSETS

115,282

67,663

TOTAL ASSETS LESS CURRENT LIABILITIES

2,272,222

3,254,498

CREDITORS

Amounts falling due after more than one year

7

-

1,146,125

NET ASSETS

2,272,222

2,108,373

CAPITAL AND RESERVES

Called up share capital

20,750

20,570

Revaluation reserve

9

1,159,767

1,159,767

Retained earnings

1,091,705

928,036

SHAREHOLDERS' FUNDS

2,272,222

2,108,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 November 2017 and were signed on its behalf by:

R A Gammons - Director

Mrs L M J Jarvis - Director

1.	STATUTORY INFORMATION

Brown & Gammons 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

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.

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.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

9,650

AMORTISATION

At 1 April 2016

965

Charge for year

965

At 31 March 2017

1,930

NET BOOK VALUE

At 31 March 2017

7,720

At 31 March 2016

8,685

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2016

3,107,953

-

95,557

Additions

58,279

-

14,375

Disposals

(1,096,878

)

-

(271

)

At 31 March 2017

2,069,354

-

109,661

DEPRECIATION

At 1 April 2016

-

-

63,257

Charge for year

-

-

8,042

Eliminated on disposal

-

(271

)

-

At 31 March 2017

-

(271

)

71,299

NET BOOK VALUE

At 31 March 2017

2,069,354

271

38,362

At 31 March 2016

3,107,953

-

32,300

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2016

71,032

32,802

3,307,344

Additions

29,453

-

102,107

Disposals

(12,260

)

(7,412

)

(1,116,821

)

At 31 March 2017

88,225

25,390

2,292,630

DEPRECIATION

At 1 April 2016

42,806

23,131

129,194

Charge for year

22,309

3,807

34,158

Eliminated on disposal

(12,260

)

(7,411

)

(19,942

)

At 31 March 2017

52,855

19,527

143,410

NET BOOK VALUE

At 31 March 2017

35,370

5,863

2,149,220

At 31 March 2016

28,226

9,671

3,178,150

Cost or valuation at 31 March 2017 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2012

1,750,000

225,682

1,975,682

Valuation in 2013

313,213

85,468

398,681

Valuation in 2014

274,933

(41,857

)

233,076

Valuation in 2015

23,071

(88,714

)

(65,643

)

Valuation in 2016

746,736

18,812

765,548

Valuation in 2017

(1,038,599

)

23,885

(1,014,714

)

2,069,354

223,276

2,292,630

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

39,330

(2,160

)

Other debtors

392,682

3,493

432,012

1,333

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

89,259

-

Trade creditors

168,130

166,537

Taxation and social security

95,106

50,761

Other creditors

549,741

348,777

902,236

566,075

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

1,146,125

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

5,771

-

Bank loans

83,488

-

89,259

-

Barclays Bank PLC hold the freehold deeds to land and buildings at the rear of 16 High Street, Baldock,Herts

The Trustees of Brown & Gammons Retirement Benefit Sheme hold a charge over 18 High Street Baldock,

Herts.

Barclays Bank PLC hold a charge over the property at1a Newtown, Potton< beds.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

1,159,767

10.	RELATED PARTY DISCLOSURES

The ultimate controlling party of Brown & Gammons Ltd are the directors who own 100% of the issued share

capital.

The following reproduces the text of the report prepared for the directors and members 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Premier Accountancy

The Straw Barn

Upton End Business Park

Meppershall Road

Shillington

Bedfordshire

SG5 3PF

23 November 2017