H Brett & Son Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05153980 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

H BRETT & SON LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

K J Blake

K M Blake

P Blake

Mrs T J Blake

Mrs C E Blake

Mrs A Blake

REGISTERED OFFICE:

75 Norwich Road

Watton

Thetford

Norfolk

IP25 6DH

REGISTERED NUMBER:

05153980 (England and Wales)

ACCOUNTANTS:

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of H Brett & Son Limited for the year ended 31 July 2015 which comprise 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of H Brett & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H Brett & Son Limited and state those matters that we have agreed to state to the Board of Directors of H Brett & Son Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H Brett & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H Brett & Son Limited. You consider that H Brett & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H Brett & Son Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

30 November 2015

FIXED ASSETS

Intangible assets

2

4,500

19,250

Tangible assets

3

188,823

198,964

193,323

218,214

CURRENT ASSETS

Stocks

74,000

76,000

Debtors

78,219

64,530

Cash at bank and in hand

99,433

69,615

251,652

210,145

CREDITORS

Amounts falling due within one year

201,476

159,949

NET CURRENT ASSETS

50,176

50,196

TOTAL ASSETS LESS CURRENT LIABILITIES

243,499

268,410

CREDITORS

Amounts falling due after more than one year

(15,938

)

(39,936

)

PROVISIONS FOR LIABILITIES

(8,692

)

(9,763

)

NET ASSETS

218,869

218,711

CAPITAL AND RESERVES

Called up share capital

4

99

99

Profit and loss account

218,770

218,612

SHAREHOLDERS' FUNDS

218,869

218,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 30 November 2015 and were signed on its behalf by:

K J Blake - Director

P Blake - Director

K M Blake - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

Long leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

147,500

AMORTISATION

At 1 August 2014

128,250

Amortisation for year

14,750

At 31 July 2015

143,000

NET BOOK VALUE

At 31 July 2015

4,500

At 31 July 2014

19,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

284,938

Additions

7,466

At 31 July 2015

292,404

DEPRECIATION

At 1 August 2014

85,974

Charge for year

17,607

At 31 July 2015

103,581

NET BOOK VALUE

At 31 July 2015

188,823

At 31 July 2014

198,964

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

99

Ordinary

£1

99

99

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2015 and 31 July 2014:

2015

2014

£

£

K J Blake

Balance outstanding at start of year

2,676

10,271

Amounts advanced

259

2,676

Amounts repaid

(2,676

)

(10,271

)

Balance outstanding at end of year

259

2,676

P Blake

Balance outstanding at start of year

3,925

10,850

Amounts advanced

1,783

3,925

Amounts repaid

(3,925

)

(10,850

)

Balance outstanding at end of year

1,783

3,925

K M Blake

Balance outstanding at start of year

2,353

10,063

Amounts advanced

2,607

2,353

Amounts repaid

(2,353

)

(10,063

)

Balance outstanding at end of year

2,607

2,353

On 30th November 2015 all of the directors repaid their individual loans.