Brokers Limited - Accounts

Brokers Limited - Accounts

BROKERS LIMITED - Company Information

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Registered number
04777755
Brokers Limited
Report and Unaudited Accounts
31 May 2014
Brokers Limited
Registered number: 04777755
Director's Report
The director presents his report and accounts for the year ended 31 May 2014.
Principal activities
The company was dormant during the year and did not trade except for incurring incidental expenses and repaying creditors.
Directors
The following persons served as directors during the year:
R J Barker
J R Barker
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 9 September 2014 and signed on its behalf.
R J Barker
Director
Brokers Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Brokers Limited for the year ended 31 May 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brokers Limited for the year ended 31 May 2014 which comprise of the Profit and Loss Account, 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Rothwell & Co
Chartered Accountants
4 Hall Close
Bramhope
Leeds
West Yorkshire
LS16 9JQ
9 September 2014
Brokers Limited
Profit and Loss Account
for the year ended 31 May 2014
Notes 2014 2013
£ £
Turnover - -
Administrative expenses 851 930
Loss on ordinary activities before taxation (851) (930)
Tax on loss on ordinary activities - -
Loss for the financial year (851) (930)
Brokers Limited
Balance Sheet
as at 31 May 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 223 357
Creditors: amounts falling due within one year 4 (44,313) (43,596)
Net current liabilities (44,313) (43,596)
Total assets less current liabilities (44,090) (43,239)
Net liabilities (44,090) (43,239)
Capital and reserves
Called up share capital 5 1 1
Profit and loss account 6 (44,091) (43,240)
Shareholder's funds (44,090) (43,239)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
R J Barker
Director
Approved by the board on 9 September 2014
Brokers Limited
Notes to the Accounts
for the year ended 31 May 2014
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 April 2008).
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.
Plant and machinery 15% straight line
2 Operating profit 2014 2013
£ £
This is stated after charging:
Depreciation of owned fixed assets 134 134
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2013 2,370
At 31 May 2014 2,370
Depreciation
At 1 June 2013 2,013
Charge for the year 134
At 31 May 2014 2,147
Net book value
At 31 May 2014 223
At 31 May 2013 357
4 Creditors: amounts falling due within one year 2014 2013
£ £
Bank loans and overdrafts 4,125 4,125
Director loans 40,044 39,261
Other creditors 144 210
44,313 43,596
5 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
6 Profit and loss account 2014
£
At 1 June 2013 (43,240)
Loss for the year (851)
At 31 May 2014 (44,091)
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