BROWNHILL_HAYWARD_BROWN_L - Accounts

BROWNHILL HAYWARD BROWN LIMITED - Company Information

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Company Registration No. 06538949 (England and Wales)

BROWNHILL HAYWARD BROWN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

BROWNHILL HAYWARD BROWN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BROWNHILL HAYWARD BROWN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

528,125

565,625

Tangible assets

26,746

17,856

554,871

583,481

Current assets

Stocks

139,021

258,910

Debtors

20,619

16,182

Cash at bank and in hand

129,860

30,261

289,500

305,353

Creditors: amounts falling due within one year

(275,557)

(372,825)

Net current assets/(liabilities)

13,943

(67,472)

Total assets less current liabilities

568,814

516,009

Capital and reserves

Called up share capital

167

Share premium account

49,933

Profit and loss account

518,714

465,909

Shareholders' funds

568,814

516,009

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 August 2014

Mr A Hayward

Director

Company Registration No. 06538949

BROWNHILL HAYWARD BROWN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

750,000

44,549

794,549

Additions

15,323

At 31 March 2014

750,000

59,872

809,872

Depreciation

At 1 April 2013

184,375

26,693

211,068

Charge for the year

37,500

6,433

43,933

At 31 March 2014

221,875

33,126

255,001

Net book value

At 31 March 2014

528,125

26,746

554,871

At 31 March 2013

565,625

17,856

583,481

BROWNHILL HAYWARD BROWN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

10,000 Ordinary 'A' Shares of 1p each

100

6,700 Ordinary 'B' Shares of 1p each

167