Brother Max Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06831430 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2015

FOR

FIHMAH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

O F H Waring

Y Allalouf

REGISTERED OFFICE:

Drake House

Gadbrook Park

Northwich

Cheshire

CW97RA

REGISTERED NUMBER:

06831430 (England and Wales)

ACCOUNTANTS:

Howard Worth

Drake House

Gadbrook Park

Northwich

Cheshire

CW9 7RA

FIXED ASSETS

Intangible assets

2

10,647

-

Tangible assets

3

92,817

79,404

103,464

79,404

CURRENT ASSETS

Stocks

350,825

347,406

Debtors

387,082

335,174

Cash at bank and in hand

104,994

8,393

842,901

690,973

CREDITORS

Amounts falling due within one year

348,167

284,746

NET CURRENT ASSETS

494,734

406,227

TOTAL ASSETS LESS CURRENT
LIABILITIES

598,198

485,631

CAPITAL AND RESERVES

Called up share capital

4

19,263

12,955

Share premium

3,307,070

2,606,353

Profit and loss account

(2,728,135

)

(2,133,677

)

SHAREHOLDERS' FUNDS

598,198

485,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 27th April 2016 and were signed on its
behalf by:

O F H Waring - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company sold its trade and assets to a third party on the 1st October 2015 and is now in the

process of closing down.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

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.

The method of valuing the stock is on a first-in, first-out (FIFO) basis, so that the quantities in hand

represent the latest purchases or production.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Development expenditure is written off in the year in which it is incurred, unless the directors are

satisfied as to the technical, commercial and financial viability's of individual projects, at which point

the expenditure is capitalised and amortised over the period during which the company is expected to

benefit.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

11,383

At 30th April 2015

11,383

AMORTISATION

Amortisation for year

736

At 30th April 2015

736

NET BOOK VALUE

At 30th April 2015

10,647

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

170,196

Additions

37,580

Disposals

(4,866

)

At 30th April 2015

202,910

DEPRECIATION

At 1st May 2014

90,792

Charge for year

24,167

Eliminated on disposal

(4,866

)

At 30th April 2015

110,093

NET BOOK VALUE

At 30th April 2015

92,817

At 30th April 2014

79,404

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

30/4/15

30/4/14

£

2,119,424

Ordinary

£0.01

21,194

12,955

823,924 Ordinary shares of £0.01 each were allotted as fully paid at an average premium of £0.85

per share during the year.

5.	TRANSFER OF TRADE AND ASSETS

The company transferred its trade and assets to Solutions EU on 1st October 2015.