REGISTERED NUMBER: 01418203 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

M. & A. BROWN (ENGRAVERS) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

A S Brown

Registered office:

Stable Fold

Barton Road

Worsley

Manchester

M28 4PE

Registered number:

01418203 (England and Wales)

Accountants:

Haines Watts Manchester Limited

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

267,504

259,337

Current assets

Stocks

44,655

41,554

Debtors

284,110

188,400

Cash at bank

226,494

285,227

555,259

515,181

Creditors

Amounts falling due within one year

180,432

162,606

Net current assets

374,827

352,575

Total assets less current liabilities

642,331

611,912

Creditors

Amounts falling due after more than one year

-

(15,333

)

Provisions for liabilities

(32,556

)

(27,311

)

Net assets

609,775

569,268

Capital and reserves

Called up share capital

7

500

500

Retained earnings

609,275

568,768

Shareholders' funds

609,775

569,268

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 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 26 October 2017 and were signed by:

A S Brown - Director

1.	Statutory information

M. & A. Brown (Engravers) 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.	Statement of compliance

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.

This is the first year that the company has presented its financial statements under the provisions of Section 1A

of FRS 102 issued by the Financial Reporting Council.

The last financial statements for the year ended 31 March 2016 were prepared under previous UK GAAP, and

the transition date to FRS 102 is therefore 1 April 2015.

The adoption of Section 1A of FRS102 has not required any material changes to the accounting policies.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of sales. Revenue is recognised at

the point of delivery to the customer.

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.

Freehold property

-

not provided

Office equipment

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing

the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs

capitalised.

The director has determined that the estimated residual value of the buildings is approximately equal to the net

book value. Any depreciation in respect of the buildings would be immaterial and consequently no provision is

made in the accounts.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in

administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

4.	Employees and directors

The average number of employees during the year was 22 (2016 - 21 ) .

5.	Tangible fixed assets

Totals

£

Cost

At 1 April 2016

536,292

Additions

56,654

Disposals

(100,369

)

At 31 March 2017

492,577

Depreciation

At 1 April 2016

276,955

Charge for year

28,654

Eliminated on disposal

(80,536

)

At 31 March 2017

225,073

Net book value

At 31 March 2017

267,504

At 31 March 2016

259,337

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as

follows:

Totals

£

Cost

At 1 April 2016

and 31 March 2017

92,000

Depreciation

At 1 April 2016

11,960

Charge for year

8,004

At 31 March 2017

19,964

Net book value

At 31 March 2017

72,036

At 31 March 2016

80,040

6.	Secured debts

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase

15,333

33,733

Hire purchase liabilities are secured on the assets subject to the relevant agreements.

7.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

£

£

500

Ordinary shares

£1

500

500

8.	Related party disclosures

The director was owed £215 (2016 £82) by the company at the year end.

9.	Ultimate controlling party

The controlling party is A S Brown.