BROWNING TREASURY LIMITED - Abbreviated accounts

BROWNING TREASURY LIMITED - Company Information

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Registered number:

03496800

Year end:

31 December 2013

BROWNING TREASURY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR

ENDED 31 DECEMBER 2013

Company Number: 03496800 (England and Wales)

BROWNING TREASURY LIMITED
Company Number 03496800
Abbreviated Balance Sheet
as at 31 December 2013

	Note		2013		2012
			£		£
FIXED ASSETS
Tangible assets	2		1,370		1,070

CURRENT ASSETS
Debtors	3	1,920		4,200
Cash at bank and in hand		19,551		18,799
		21,471		22,999

CREDITORS: amounts falling due within one year	4	(14,718)		(17,773)

NET CURRENT ASSETS			6,753		5,226

TOTAL ASSETS LESS CURRENT LIABILITIES			8,123		6,296

PROVISIONS FOR LIABILITIIES
Deferred tax			(274)		(214)


NET ASSETS			£7,849		£6,082

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and loss account			7,749		5,982


SHAREHOLDERS' FUNDS			£7,849		£6,082

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.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with sections 386 and 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements of the Companies Act 2006 relating to the accounts so far as applicable to the company.
The abbreviated accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.


........................................
Mr M. R. Browning
Director		Approved by the board on 24 September 2014

BROWNING TREASURY LIMITED
Company Number 03496800
Notes to the Abbreviated Accounts
for the year ended 31 December 2013

1	ACCOUNTING POLICIES

	1.1 Basis of preparation
	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).

	1.2 Turnover
	Turnover represents the invoiced value of goods and services supplied by the company.

	1.3 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 or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

	Office equipment			25% p.a. on a reducing balance basis


	1.4 Deferred taxation
	The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other tax that would apply on future taxable profits. Deferred taxation is measured on a non-discounted basis at the average rates that would apply when the timing differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet date.



2	TANGIBLE FIXED ASSETS
						Office Equipment
						£
	COST
	At 1 January 2013					1,721
	Additions					757
	At 31 December 2013					£2,478

	DEPRECIATION
	At 1 January 2013					651
	Charge for the year					457
	At 31 December 2013					£1,108

	NET BOOK VALUE
	At 31 December 2013					£1,370
	At 31 December 2012					£1,070


3	DEBTORS				2013	2012
					£	£

	Debtors expected to be recoverable after one year:				£ -	£ -


4	CREDITORS: amounts falling due within one year

	All creditors are unsecured.


5	SHARE CAPITAL	Nominal			2013	2012
value			Number		£	£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100	100	100


					£100	£100