Penny Brierley limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05638634 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

PENNY BRIERLEY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A P D Brierley

G Brierley

SECRETARY:

G Brierley

REGISTERED OFFICE:

33 Bownham Mead

Rodborough Common

Stroud

Gloucestershire

GL5 5DZ

REGISTERED NUMBER:

05638634 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

10,952

16,622

10,952

16,622

CURRENT ASSETS

Debtors

90,535

71,439

Cash at bank and in hand

252,379

176,907

342,914

248,346

CREDITORS

Amounts falling due within one year

205,310

150,041

NET CURRENT ASSETS

137,604

98,305

TOTAL ASSETS LESS CURRENT LIABILITIES

148,556

114,927

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

148,456

114,827

SHAREHOLDERS' FUNDS

148,556

114,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 26 October 2015 and were signed on its behalf by:

A P D Brierley - 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.

Intangible fixed assets

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

Franchise fee - 20% on cost

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 and 20% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

19,050

AMORTISATION

At 1 August 2014

and 31 July 2015

19,050

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

46,735

DEPRECIATION

At 1 August 2014

30,113

Charge for year

5,670

At 31 July 2015

35,783

NET BOOK VALUE

At 31 July 2015

10,952

At 31 July 2014

16,622

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £92,500 (2014 - £74,800) were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY