G & K Brown Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC298213 (Scotland)

Abbreviated Unaudited Accounts

For The Year Ended 30th April 2015

for

G & K Brown Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

G Brown

SECRETARY:

K Brown

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC298213 (Scotland)

ACCOUNTANTS:

J.S. Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

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FIXED ASSETS

Intangible assets

2

19,200

20,400

Tangible assets

3

11,699

6,325

30,899

26,725

CURRENT ASSETS

Debtors

50

10,780

Cash at bank

1,338

5,153

1,388

15,933

CREDITORS

Amounts falling due within one year

(24,121

)

(30,508

)

NET CURRENT LIABILITIES

(22,733

)

(14,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,166

12,150

CREDITORS

Amounts falling due after more than one year

(5,281

)

(3,483

)

NET ASSETS

2,885

8,667

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,785

8,567

SHAREHOLDERS' FUNDS

2,885

8,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 26th November 2015 and were signed by:

G Brown - 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 2006, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

and 30th April 2015

30,000

AMORTISATION

At 1st May 2014

9,600

Amortisation for year

1,200

At 30th April 2015

10,800

NET BOOK VALUE

At 30th April 2015

19,200

At 30th April 2014

20,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

12,085

Additions

7,493

Disposals

(5,485

)

At 30th April 2015

14,093

DEPRECIATION

At 1st May 2014

5,760

Charge for year

1,569

Eliminated on disposal

(4,935

)

At 30th April 2015

2,394

NET BOOK VALUE

At 30th April 2015

11,699

At 30th April 2014

6,325

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2015 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J.S. Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

Date: .............................................