Brilliant Advice Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05490486 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

Brilliant Advice Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

58,821

32,580

CURRENT ASSETS

Cash at bank and in hand

15,654

18,153

CREDITORS

Amounts falling due within one year

29,467

26,129

NET CURRENT LIABILITIES

(13,813

)

(7,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,008

24,604

CREDITORS

Amounts falling due after more than one year

42,221

23,432

NET ASSETS

2,787

1,172

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

2,687

1,072

SHAREHOLDERS' FUNDS

2,787

1,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 20 October 2015 and were signed by:

D Williams - 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 the net sale of services, excluding VAT. Turnover from the supply of services represents the value of

services provided, to the extent that there is a right to consideration, and is recorded at the value of the consideration

due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

at varying rates on cost

Computer equipment

-

33% 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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

81,830

Additions

62,659

Disposals

(52,652

)

At 30 June 2015

91,837

DEPRECIATION

At 1 July 2014

49,250

Charge for year

6,785

Eliminated on disposal

(23,019

)

At 30 June 2015

33,016

NET BOOK VALUE

At 30 June 2015

58,821

At 30 June 2014

32,580

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

80

Ordinary A

£1

80

80

20

Ordinary B

£1

20

20

100

100