Company Registration No. 02682389 (England and Wales)
A. BROWN & CO. (MITCHAM) LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
A. BROWN & CO. (MITCHAM) LTD.
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A. BROWN & CO. (MITCHAM) LTD.
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
168,324
170,215
Current assets
Debtors
99,582
98,893
Cash at bank and in hand
103,422
115,024
203,004
213,917
Creditors: amounts falling due within one year
(7,566)
(9,111)
Net current assets
195,438
204,806
Total assets less current liabilities
363,762
375,021
Provisions for liabilities
(24,995)
(24,995)
338,767
350,026
Capital and reserves
Called up share capital
3
5,000
5,000
Share premium account
463,483
463,483
Profit and loss account
(129,716)
(118,457)
Shareholders' funds
338,767
350,026
For the financial year ended 30 April 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 financial statements 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 financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 17 November 2016
Mr A A Hambly
Director
Company Registration No. 02682389
A. BROWN & CO. (MITCHAM) LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Freehold Buildings
2% on cost of building
Plant and Equipment
25 % on net book value
Computer Equipment
25 % on cost
1.4
Revenue recognition
Revenue is recognised in the period that the rental relates to.
1.5
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
208,228
Additions
1,184
At 30 April 2016
209,412
Depreciation
At 1 May 2015
38,013
Charge for the year
3,075
At 30 April 2016
41,088
Net book value
At 30 April 2016
168,324
At 30 April 2015
170,215
A. BROWN & CO. (MITCHAM) LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
5,000 Ordinary shares of £1 each
5,000
5,000
4
Related party relationships and transactions
Loans to directors
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr A A Hambly -
4.50
78,731
300
3,543
2,253
80,321
78,731
300
3,543
2,253
80,321