BOBBY_BROWNS_LIMITED - Accounts

BOBBY BROWNS LIMITED - Company Information

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Company Registration No. 01627707 (England and Wales)

BOBBY BROWNS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

BOBBY BROWNS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BOBBY BROWNS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

321,683

326,997

Current assets

Stocks

13,500

9,000

Debtors

46,062

69,594

Cash at bank and in hand

401,988

478,160

461,550

556,754

Creditors: amounts falling due within one year

(167,705)

(293,736)

Net current assets

293,845

263,018

Total assets less current liabilities

615,528

590,015

Provisions for liabilities

(6,532)

(6,524)

608,996

583,491

Capital and reserves

Called up share capital

16,955

16,935

Share premium account

1,425

Other reserves

(163,065)

Profit and loss account

753,681

728,196

Shareholders' funds

608,996

583,491

BOBBY BROWNS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

28 FEBRUARY 2014

- 2 -

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her 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 for issue on 27 June 2014

Mrs C M Furby

Director

Company Registration No. 01627707

BOBBY BROWNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Fixtures, fittings & equipment

15% reducing balance

Other assets

over remaining period of lease

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2013

75,000

707,732

782,732

Additions

4,811

At 28 February 2014

75,000

712,543

787,543

Depreciation

At 1 March 2013

75,000

380,735

455,735

Charge for the year

10,125

At 28 February 2014

75,000

390,860

465,860

Net book value

At 28 February 2014

321,683

At 28 February 2013

326,997

BOBBY BROWNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

0 Ordinary of £1 each

14,435

16,935 Ordinary A of £1 each

16,935

2,500

20 Ordinary B of £1 each

16,955

16,935

During the year 14,435 ordinary shares of £1 each were exchanged for 14,435 ordinary A shares of £1 each.

During the year 20 ordinary B shares of £1 each were allotted and fully paid at par for cash consideration.