Chris Branton Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06692258 (England and Wales)

Chris Branton Services Limited

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

6,400

8,000

Tangible assets

3

15,844

12,090

22,244

20,090

CURRENT ASSETS

Debtors

24,605

17,640

Cash at bank

2,039

172

26,644

17,812

CREDITORS

Amounts falling due within one year

31,152

23,467

NET CURRENT LIABILITIES

(4,508

)

(5,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,736

14,435

CREDITORS

Amounts falling due after more than one year

(7,171

)

-

PROVISIONS FOR LIABILITIES

(2,171

)

(1,201

)

NET ASSETS

8,394

13,234

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

8,294

13,134

SHAREHOLDERS' FUNDS

8,394

13,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 July 2015 and were signed by:

Mr C Branton - Director

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.

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 five years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

10,000

AMORTISATION

At 1 November 2013

2,000

Amortisation for year

1,600

At 31 October 2014

3,600

NET BOOK VALUE

At 31 October 2014

6,400

At 31 October 2013

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

27,260

Additions

9,947

Disposals

(2,880

)

At 31 October 2014

34,327

DEPRECIATION

At 1 November 2013

15,170

Charge for year

5,282

Eliminated on disposal

(1,969

)

At 31 October 2014

18,483

NET BOOK VALUE

At 31 October 2014

15,844

At 31 October 2013

12,090

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1.00

100

100