Company Registration No. 00822682 (England and Wales)
A BRATT & SON LIMITED
TRADING AS BRATTS LADDERS
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
A BRATT & SON LIMITED
TRADING AS BRATTS LADDERS
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3
A BRATT & SON LIMITED
TRADING AS BRATTS LADDERS
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
192,963
197,137
Current assets
Stocks
192,241
203,261
Debtors
105,600
126,634
Cash at bank and in hand
2,167
52,538
300,008
382,433
Creditors: amounts falling due within one year
(228,251)
(273,007)
Net current assets
71,757
109,426
Total assets less current liabilities
264,720
306,563
Creditors: amounts falling due after more than one year
(99,330)
(148,638)
Provisions for liabilities
(10,722)
(10,597)
154,668
147,328
Capital and reserves
Called up share capital
3
1,350
1,350
Other reserves
1,350
1,350
Profit and loss account
151,968
144,628
Shareholders' funds
154,668
147,328
A BRATT & SON LIMITED
TRADING AS BRATTS LADDERS
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 May 2017
Mr S J Bratt
Director
Company Registration No. 00822682
A BRATT & SON LIMITED
TRADING AS BRATTS LADDERS
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
5% straight line basis
Plant and machinery
15% and 33% reducing balance basis
Motor vehicles
20% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
457,802
Additions
13,615
At 31 October 2016
471,417
Depreciation
At 1 November 2015
260,664
Charge for the year
17,790
At 31 October 2016
278,454
Net book value
At 31 October 2016
192,963
At 31 October 2015
197,137
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,350 ordinary shares of £1 each
1,350
1,350