A and C Brookes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07062245 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

A AND C BROOKES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A J Brookes

Mrs C Brookes

REGISTERED OFFICE:

Tara Cottage

166 Ashlawn Road

Hillmorton

Rugby

Warwickshire

CV22 5EP

REGISTERED NUMBER:

07062245 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

1,446

1,200

1,447

1,201

CURRENT ASSETS

Debtors

6

4,895

13,124

Cash at bank

27,957

19,315

32,852

32,439

CREDITORS

Amounts falling due within one year

7

14,528

16,524

NET CURRENT ASSETS

18,324

15,915

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,771

17,116

PROVISIONS FOR LIABILITIES

8

274

228

NET ASSETS

19,497

16,888

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

19,397

16,788

SHAREHOLDERS' FUNDS

19,497

16,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 14 June 2018 and were signed on its behalf by:

Dr A J Brookes - Director

Mrs C Brookes - Director

1.	STATUTORY INFORMATION

A and C Brookes 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.

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 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.

Turnover

Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the

ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future

economic benefits will flow to the entity and specific criteria have been met for each of the company's activities

The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale

have been resolved. The company bases its estimates on historical results, taking into consideration the type of

customer, the type of transaction and the specifics of each arrangement.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

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.

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance

Financial instruments

Financial assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of

receivables is established where there is objective evidence that the company will not be able to collect all

amounts due according to the original terms of payment. Receivables are considered for impairment on a case by

case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using

the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the

contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in

which they are incurred.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid

investments with original maturities of three months or less, and bank overdrafts.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

65,000

AMORTISATION

At 1 November 2016

and 31 October 2017

64,999

NET BOOK VALUE

At 31 October 2017

1

At 31 October 2016

1

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2016

4,307

Additions

958

At 31 October 2017

5,265

DEPRECIATION

At 1 November 2016

3,107

Charge for year

712

At 31 October 2017

3,819

NET BOOK VALUE

At 31 October 2017

1,446

At 31 October 2016

1,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

Trade debtors

4,895

13,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

Tax

6,724

9,755

Directors' current accounts

6,904

5,869

Accrued expenses

900

14,528

16,524

8.	PROVISIONS FOR LIABILITIES

31.10.17

31.10.16

£

Deferred tax

228

171

Movement for the year

46

57

274

228

Deferred

tax

£

Balance at 1 November 2016

228

Charge to Income Statement during year

46

Balance at 31 October 2017

274

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

98

Ordinary

£1

98

2

Ordinary

£1

2

100

10.

RESERVES

Retained

earnings

£

At 1 November 2016

16,788

Profit for the year

28,109

Dividends

(25,500

)

At 31 October 2017

19,397

11.	RELATED PARTY DISCLOSURES

At the year end 31 October 2017, an amount of £6,904 (2016 £5,869) was due to the director Mr A Brookes

which is included within creditors on the balance sheet.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr A J Brookes and Mrs C Brookes.