G. s. Brown Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05478388 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

G. S. BROWN LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G S Brown

SECRETARY:

Mrs C A Brown

REGISTERED OFFICE:

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

05478388 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,371,610

1,355,620

Investments

4

63,114

60,012

1,434,724

1,415,632

CURRENT ASSETS

Stocks

665,835

572,010

Debtors

184,402

161,553

Cash in hand

50

850,287

733,613

CREDITORS

Amounts falling due within one year

534,066

581,552

NET CURRENT ASSETS

316,221

152,061

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,945

1,567,693

CREDITORS

Amounts falling due after more than one
year

(397,310

)

(289,814

)

PROVISIONS FOR LIABILITIES

(2,600

)

-

NET ASSETS

1,351,035

1,277,879

CAPITAL AND RESERVES

Called up share capital

5

150

Profit and loss account

1,350,885

1,277,729

SHAREHOLDERS' FUNDS

1,351,035

1,277,879

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 15 January 2016 and were signed by:

G S 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 2005, is being amortised evenly over its estimated useful life of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost and 20% 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.

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.

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 July 2014

and 30 June 2015

111,800

AMORTISATION

At 1 July 2014

and 30 June 2015

111,800

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

1,483,030

Additions

81,912

Disposals

(111,248

)

At 30 June 2015

1,453,694

DEPRECIATION

At 1 July 2014

127,410

Charge for year

27,212

Eliminated on disposal

(72,538

)

At 30 June 2015

82,084

NET BOOK VALUE

At 30 June 2015

1,371,610

At 30 June 2014

1,355,620

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2014

67,000

Additions

8,253

At 30 June 2015

75,253

PROVISIONS

At 1 July 2014

6,988

Impairments

5,151

At 30 June 2015

12,139

NET BOOK VALUE

At 30 June 2015

63,114

At 30 June 2014

60,012

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

150

Ordinary

£1

150

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2015 and

30 June 2014:

30.6.15

30.6.14

£

G S Brown

Balance outstanding at start of year

63,677

882

Amounts advanced

25,743

93,525

Amounts repaid

(2,372

)

(30,730

)

Balance outstanding at end of year

87,048

63,677

G. s. Brown Ltd - Limited company - abbreviated - 11.9

G. s. Brown Ltd - Limited company - abbreviated - 11.9