Brown & Gammons Ltd - Limited company - abbreviated

REGISTERED NUMBER: 01302279 (England and Wales)

Brown & Gammons Ltd

Abbreviated Accounts For The Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

R A Gammons

Mrs V Gammons

M S Gammons

Mrs L M J Jarvis

SECRETARY:

Mrs V Gammons

REGISTERED OFFICE:

The Straw Barn

Upton End Farm Business Park

Meppershall Road. Shillington

Beds

SG5 3PF

REGISTERED NUMBER:

01302279 (England and Wales)

ACCOUNTANTS:

Premier Accountancy

The Straw Barn

Upton End Business Park

Meppershall Road

Shillington

Bedfordshire

SG5 3PF

FIXED ASSETS

Intangible assets

2

9,650

Tangible assets

3

2,411,401

2,426,886

2,421,051

2,436,536

CURRENT ASSETS

Stocks

639,891

561,986

Debtors

(11,924

)

56,744

Prepayments and accrued income

5,358

-

Cash at bank and in hand

17,711

16,698

651,036

635,428

CREDITORS

Amounts falling due within one year

4

524,789

634,369

NET CURRENT ASSETS

126,247

1,059

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,547,298

2,437,595

CREDITORS

Amounts falling due after more than one
year

470,375

376,000

NET ASSETS

2,076,923

2,061,595

CAPITAL AND RESERVES

Called up share capital

5

20,570

Revaluation reserve

1,159,767

Profit and loss account

896,586

881,258

SHAREHOLDERS' FUNDS

2,076,923

2,061,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 June 2015 and were signed on its behalf by:

R A Gammons - Director

Mrs L M J Jarvis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

Tangible fixed assets

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

Freehold property

-

4% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

9,650

NET BOOK VALUE

At 31 March 2015

9,650

At 31 March 2014

9,650

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2014

2,607,439

Additions

67,059

Disposals

(132,702

)

At 31 March 2015

2,541,796

DEPRECIATION

At 1 April 2014

180,553

Charge for year

26,369

Eliminated on disposal

(76,527

)

At 31 March 2015

130,395

NET BOOK VALUE

At 31 March 2015

2,411,401

At 31 March 2014

2,426,886

4.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 68,999 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,570

Ordinary

£1

10,570

10,000

Preference

£1

10,000

20,570

6.	RELATED PARTY DISCLOSURES

The ultimate controlling party of Brown & Gammons Ltd are the directors who own 89% of the issued share

capital which is held in two life interest trusts.

The following reproduces the text of the report prepared for the directors 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 31 March 2015 set out on pages three to nine 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.

Premier Accountancy

The Straw Barn

Upton End Business Park

Meppershall Road

Shillington

Bedfordshire

SG5 3PF

12 June 2015

Brown & Gammons Ltd - Limited company - abbreviated - 11.9

Brown & Gammons Ltd - Limited company - abbreviated - 11.9