Jim Brown Fabrications Ltd - Limited company - abbreviated - 11.6

Jim Brown Fabrications Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 09176391 (England and Wales)















Abbreviated Unaudited Accounts

for the Period 14 August 2014 to 31 August 2015

for

Jim Brown Fabrications Ltd

Jim Brown Fabrications Ltd (Registered number: 09176391)

Contents of the Abbreviated Accounts
for the Period 14 August 2014 to 31 August 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Jim Brown Fabrications Ltd

Company Information
for the Period 14 August 2014 to 31 August 2015







DIRECTORS: Mr JR Brown
Mrs G Brown





SECRETARY: Mrs G Brown





REGISTERED OFFICE: Broadfield
Horse Park Lane
Pilling
Preston
Lancashire
PR3 6AS





REGISTERED NUMBER: 09176391 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
Abacus House
The Ropewalk
Garstang
Preston
Lancashire
PR3 1NS

Jim Brown Fabrications Ltd (Registered number: 09176391)

Abbreviated Balance Sheet
31 August 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 36,000
Tangible assets 3 16,403
52,403

CURRENT ASSETS
Stocks 14,416
Debtors 46,012
Cash at bank 52,516
112,944
CREDITORS
Amounts falling due within one year 152,310
NET CURRENT LIABILITIES (39,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,037

PROVISIONS FOR LIABILITIES 3,280
NET ASSETS 9,757

CAPITAL AND RESERVES
Called up share capital 4 100
Profit and loss account 9,657
SHAREHOLDERS' FUNDS 9,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2015 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.

Jim Brown Fabrications Ltd (Registered number: 09176391)

Abbreviated Balance Sheet - continued
31 August 2015


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 Board of Directors on 8 October 2015 and were signed on its behalf by:




Mr JR Brown - Director



Mrs G Brown - Director


Jim Brown Fabrications Ltd (Registered number: 09176391)

Notes to the Abbreviated Accounts
for the Period 14 August 2014 to 31 August 2015


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 2014, is being amortised evenly over its estimated useful life of ten 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 etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 40,000
At 31 August 2015 40,000
AMORTISATION
Amortisation for period 4,000
At 31 August 2015 4,000
NET BOOK VALUE

At 31 August 2015 36,000

Jim Brown Fabrications Ltd (Registered number: 09176391)

Notes to the Abbreviated Accounts - continued
for the Period 14 August 2014 to 31 August 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 19,568
At 31 August 2015 19,568
DEPRECIATION
Charge for period 3,165
At 31 August 2015 3,165
NET BOOK VALUE
At 31 August 2015 16,403

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1.00 100

100 Ordinary shares of £1.00 were issued during the period for cash of £ 100 .