ARTHUR BREAR & SON LIMITED Accounts filed on 30-06-2015
ARTHUR BREAR & SON LIMITED Accounts filed on 30-06-2015
ARTHUR BREAR & SON LIMITED
Company Registration Number:
00808051 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st July 2014
End date: 30th June 2015
SUBMITTED
ARTHUR BREAR & SON LIMITED
Company Information
for the Period Ended
30th June 2015
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| Registered office: |
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| West Yorkshire. Bd18 4dh | ||
| Company Registration Number: |
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ARTHUR BREAR & SON LIMITED
Abbreviated Balance sheet
As at 30th June 2015
| Notes | 2015 £ |
2014 £ |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors | |||
| Creditors: amounts falling due within one year | 5 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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0 | |
| Total net assets (liabilities): |
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The notes form part of these financial statements
ARTHUR BREAR & SON LIMITED
Abbreviated Balance sheet
As at 30th June 2015
continued
| Notes | 2015 £ |
2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 6 |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: J R Brear
Status: Director
The notes form part of these financial statements
ARTHUR BREAR & SON LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 15% reducing balance, Motor vehicles - 20% reducing balance. Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.
ARTHUR BREAR & SON LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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3. Tangible assets
Total Cost £ At 01st July 2014: 12,166 At 30th June 2015: 12,166 Depreciation At 01st July 2014: 10,501 Charge for year: 310 At 30th June 2015: 10,811 Net book value At 30th June 2015: 1,356 At 30th June 2014: 1,665
ARTHUR BREAR & SON LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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4. Debtors
2015
£2014
£Trade debtors: 19,080 11,118 Prepayments and accrued income: 1,520 1,973 Total: 20,600 13,091
ARTHUR BREAR & SON LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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5. Creditors: amounts falling due within one year
2015
£2014
£Bank loans and overdrafts: 12,808 10,498 Trade creditors: 2,589 1,552 Taxation and social security: 3,597 2,203 Accruals and deferred income: 396 - Other creditors: 31 1,156 Total: 19,421 15,409