Brandley Estates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03762035 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

BRANDLEY ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W M Smart

Mrs S J Smart

SECRETARY:

Mrs S J Smart

REGISTERED OFFICE:

Manchester House

High Street

Stalbridge

Dorset

DT10 2LL

REGISTERED NUMBER:

03762035 (England and Wales)

ACCOUNTANTS:

Evans & Co

Manchester House

High Street

Stalbridge

Sturminster Newton

Dorset

DT10 2LL

FIXED ASSETS

Tangible assets

2

363,851

373,281

CURRENT ASSETS

Stocks

296,284

294,556

Debtors

76

80

Cash at bank

-

2,713

296,360

297,349

CREDITORS

Amounts falling due within one year

238,139

308,517

NET CURRENT ASSETS/(LIABILITIES)

58,221

(11,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

422,072

362,113

CREDITORS

Amounts falling due after more than one year

(47,000

)

-

PROVISIONS FOR LIABILITIES

(389

)

(449

)

NET ASSETS

374,683

361,664

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

374,583

361,564

SHAREHOLDERS' FUNDS

374,683

361,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 January 2016 and were signed on its behalf by:

B W M Smart - 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.

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

-

2% on cost

Plant and machinery

-

15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

465,719

DEPRECIATION

At 1 May 2014

92,438

Charge for year

9,430

At 30 April 2015

101,868

NET BOOK VALUE

At 30 April 2015

363,851

At 30 April 2014

373,281

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a joint loan account within the company and were owed £47,836 (2014: £70,221) at the year

end which is included within creditors. No interest is charged on the loan. In 2005 the director Mrs S. Smart

loaned £265,000 to the company and after repayments made there is an outstanding balance of £180,000 which

is shown within creditors at the year end. No interest is charged on the loan.