Foote Evans Breslin Limited - Abbreviated accounts

Foote Evans Breslin Limited - Abbreviated accounts


Registered number
08594882
Foote Evans Breslin Limited
Abbreviated Accounts
31 March 2015
Foote Evans Breslin Limited
Report to the directors on the preparation of the unaudited abbreviated accounts of Foote Evans Breslin Limited for the period ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Foote Evans Breslin Limited for the period ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Peter Dell
Chartered Certified Accountants
Suite 2, 2nd Floor, Stanmore House,
15-19 Church Road
Stanmore
Middlesex
HA7 4AR
4 December 2015
Foote Evans Breslin Limited
Registered number: 08594882
Abbreviated Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 79,284 95,156
Tangible assets 3 9,546 6,402
88,830 101,558
Current assets
Debtors 309,612 121,253
Cash at bank and in hand 135,609 94,177
445,221 215,430
Creditors: amounts falling due within one year (418,652) (214,058)
Net current assets 26,569 1,372
Total assets less current liabilities 115,399 102,930
Creditors: amounts falling due after more than one year (71,367) (95,156)
Provisions for liabilities (1,909) (1,280)
Net assets 42,123 6,494
Capital and reserves
Called up share capital 4 300 300
Profit and loss account 41,823 6,194
Shareholders' funds 42,123 6,494
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Sally Foote
Director
Approved by the board on 4 December 2015
Foote Evans Breslin Limited
Notes to the Abbreviated Accounts
for the period ended 31 March 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings and equipment 25% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 August 2014 118,945
At 31 March 2015 118,945
Amortisation
At 1 August 2014 23,789
Provided during the period 15,872
At 31 March 2015 39,661
Net book value
At 31 March 2015 79,284
At 31 July 2014 95,156
3 Tangible fixed assets £
Cost
At 1 August 2014 8,537
Additions 5,481
At 31 March 2015 14,018
Depreciation
At 1 August 2014 2,135
Charge for the period 2,337
At 31 March 2015 4,472
Net book value
At 31 March 2015 9,546
At 31 July 2014 6,402
4 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 300 300 300
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