Brauer Limited - Limited company - abbreviated - 11.0.0
Brauer Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2014 |
| for |
| Brauer Limited |
| Brauer Limited (Registered number: 05980295) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 7 |
| Brauer Limited |
| Company Information |
| for the Year Ended 30 June 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Brauer Limited (Registered number: 05980295) |
| Abbreviated Balance Sheet |
| 30 June 2014 |
| 30.6.14 | 30.6.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Brauer Limited (Registered number: 05980295) |
| Abbreviated Balance Sheet - continued |
| 30 June 2014 |
| The financial statements were approved by the director on |
| Brauer Limited (Registered number: 05980295) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, adjusted for work in progress |
| partially completed at selling price. |
| Goodwill |
| Negative goodwill was acquired on the acquisition of trade assets. This has been recognised in the profit and |
| loss account in the periods where the assets are used by the business or written off. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
| result. |
| 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 the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 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 the profit and loss account in the period to which they relate. |
| Factoring |
| The company operates a trade debtor factoring arrangement whereby up to 80% of the company's approved |
| trade debtor balances are collected under a recourse debt factoring agreement. |
| Brauer Limited (Registered number: 05980295) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| and 30 June 2014 | ( |
) |
| AMORTISATION |
| At 1 July 2013 |
| and 30 June 2014 | ( |
) |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.14 | 30.6.13 |
| value: | £ | £ |
| Ordinary Shares | £1 |
| 6. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is |
| Brauer Limited (Registered number: 05980295) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 7. | RELATED PARTY DISCLOSURES |
| Adroit Holdings Limited |
| A company which is controlled by Mr J Horsler |
| During the year purchases, equipment rental and management charges from Adroit Holdings Limited totalled |
| £333,000 (2013 £555,431). |
| Brauer also purchased equipment totalling £450 (2013 £Nil) during the year. |
| Adroit Consultation limited |
| A company which is controlled by Mr J Horsler |
| During the year management charges were paid to Adroit Consultation Limited of £490,000 (2013 £Nil). |
| Management charges invoiced by Brauer Limited totalled £430,000 (2013 £Nil). |
| 30.6.14 | 30.6.13 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Adroit Consultation 1 Limited |
| A company which is controlled by Mr J Horsler |
| Management charge paid to Adroit Consultation 1 Limited totalled £80,000 (2013 £Nil) during the year. |
| Management charges received from Adroit Consultation 1 Limited totalled £80,000 (2013 £Nil) during the |
| year. |
| Adroit Consultation 2 Limited |
| A company which is controlled by Mr J Horsler |
| Management charges paid to Adroit Consultation 2 Limited totalled £430,000 (2013 Nil). Management |
| charges received from Adroit Consultation 2 Limited totalled £830,000 (2013 £Nil). |
| 30.6.14 | 30.6.13 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| Brauer Limited |
| Report of the Accountants to the Director of |
| Brauer Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) |
| have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended |
| 30 June 2014 set out on pages three to eleven 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. |
| Chartered Accountants |
| Date: ............................................. |