FORRESTBROWN_LIMITED - Accounts

FORRESTBROWN LIMITED - Company Information

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Company Registration No. 08004376 (England and Wales)

FORRESTBROWN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FORRESTBROWN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FORRESTBROWN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

64,601

11,222

Current assets

Stocks

128,549

69,083

Debtors

403,859

256,122

Cash at bank and in hand

819,117

410,850

1,351,525

736,055

Creditors: amounts falling due within one year

(711,090)

(333,700)

Net current assets

640,435

402,355

Total assets less current liabilities

705,036

413,577

Provisions for liabilities

(10,325)

694,711

413,577

Capital and reserves

Called up share capital

111

100

Share premium account

1,089

Profit and loss account

693,511

413,477

Shareholders' funds

694,711

413,577

For the financial year ended 31 December 2015 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 and authorised for issue on 15 February 2016

Mr S FF Brown

Director

Company Registration No. 08004376

FORRESTBROWN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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

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:

Improvements to property

straight line over 5 years

Computer equipment

50% straight line

Fixtures, fittings & equipment

33% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

FORRESTBROWN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

15,789

Additions

76,074

At 31 December 2015

91,863

Depreciation

At 1 January 2015

4,567

Charge for the year

22,695

At 31 December 2015

27,262

Net book value

At 31 December 2015

64,601

At 31 December 2014

11,222

Share capital

2015

2014

Allotted, called up and fully paid

5,500 A Ordinary of 1p each

4,500 B Ordinary of 1p each

1,100 C Ordinary of 1p each

111

100