N_R_BROWN_ROOFING_CONTRAC - Accounts

N R BROWN ROOFING CONTRACTORS LIMITED - Company Information

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Company Registration No. 05456316 (England and Wales)

N R BROWN ROOFING CONTRACTORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

N R BROWN ROOFING CONTRACTORS LIMITED

CONTENTS

PAGE

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

N R BROWN ROOFING CONTRACTORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

FIXED ASSETS

Intangible assets

3,000

Tangible assets

3,676

4,691

3,676

7,691

CURRENT ASSETS

Debtors

30,640

42,297

Cash at bank and in hand

2,040

32,680

42,297

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(33,560)

(45,891)

NET CURRENT LIABILITIES

(880)

(3,594)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,796

4,097

PROVISIONS FOR LIABILITIES

(498)

(649)

2,298

3,448

CAPITAL AND RESERVES

Called up share capital

100

Profit and loss account

2,198

3,348

SHAREHOLDER'S FUNDS

2,298

3,448

N R BROWN ROOFING CONTRACTORS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2015

- 2 -

For the financial year ended 30 June 2015 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 his 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 2 March 2016

N R Brown

DIRECTOR

COMPANY REGISTRATION NO. 05456316

N R BROWN ROOFING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 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 net invoiced sales of goods, excluding value added tax.

1.4

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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:

Plant and machinery

20% on cost

Fixtures, fittings & equipment

33% on cost

Motor vehicles

25% reducing balance

1.6

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.

N R BROWN ROOFING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 4 -

FIXED ASSETS

Intangible assets

Tangible assets

Total

COST

At 1 July 2014

30,000

12,640

42,640

Additions

1,497

Disposals

(1,078)

At 30 June 2015

30,000

13,059

43,059

DEPRECIATION

At 1 July 2014

27,000

7,949

34,949

On disposals

(1,073)

Charge for the year

3,000

2,507

5,507

At 30 June 2015

30,000

9,383

39,383

NET BOOK VALUE

At 30 June 2015

3,676

At 30 June 2014

3,000

4,691

7,691

SHARE CAPITAL

2015

2014

ALLOTTED, CALLED UP AND FULLY PAID

100 Ordinary of £1 each

100

N R BROWN ROOFING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 5 -

RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

DIRECTORS ADVANCES, CREDITS AND GUARANTEES

The following directors had interest free loans during the year. The movement on these loans are as follows:

2015

2014

Mr N R Brown

Balance outstanding at start of year

(6,300)

(5,187)

Amounts Advanced

11,621

299

Amounts Repaid

(368)

(1,412)

Balance outstanding at end of year

4,953

(6,300)

Maximum overdrawn balance

4,953