Braceborough Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07195841 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

BRACEBOROUGH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms J M S Nethercliffe

J A Sheehan

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

07195841 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

FIXED ASSETS

Tangible assets

2

1,508

1,280

CURRENT ASSETS

Debtors

3,942

5,932

Cash at bank

24,926

22,380

28,868

28,312

CREDITORS

Amounts falling due within one year

26,325

24,010

NET CURRENT ASSETS

2,543

4,302

TOTAL ASSETS LESS CURRENT LIABILITIES

4,051

5,582

PROVISIONS FOR LIABILITIES

327

256

NET ASSETS

3,724

5,326

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,624

5,226

SHAREHOLDERS' FUNDS

3,724

5,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 24 July 2014 and were signed on its behalf by:

Ms J M S Nethercliffe - Director

J A Sheehan - 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 services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

3,312

Additions

1,409

At 31 March 2014

4,721

DEPRECIATION

At 1 April 2013

2,032

Charge for year

1,181

At 31 March 2014

3,213

NET BOOK VALUE

At 31 March 2014

1,508

At 31 March 2013

1,280

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

A Ordinary

£1

100

100