Brixhams Treasure Ltd - Abbreviated accounts 16.1

Brixhams Treasure Ltd - Abbreviated accounts 16.1

BRIXHAMS TREASURE LTD - Company Information

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REGISTERED NUMBER: 09157788 (England and Wales)












BRIXHAMS TREASURE LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 AUGUST 2014 TO 31 DECEMBER 2015






BRIXHAMS TREASURE LTD (REGISTERED NUMBER: 09157788)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 AUGUST 2014 TO 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

BRIXHAMS TREASURE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2014 TO 31 DECEMBER 2015







DIRECTORS: Ms J Robinson
N L Worrell





REGISTERED OFFICE: Golden Hind Ship
The Quay
Brixham
Devon
TQ5 8AW





REGISTERED NUMBER: 09157788 (England and Wales)





ACCOUNTANTS: Bevan & Buckland
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP
Page 1
BRIXHAMS TREASURE LTD (REGISTERED NUMBER: 09157788)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 217,550
Tangible assets 3 12,199
229,749

CURRENT ASSETS
Stocks 10,626
Cash at bank 70,373
80,999
CREDITORS
Amounts falling due within one year 297,977
NET CURRENT LIABILITIES (216,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,771

PROVISIONS FOR LIABILITIES 2,490
NET ASSETS 10,281

CAPITAL AND RESERVES
Called up share capital 4 120
Profit and loss account 10,161
SHAREHOLDERS' FUNDS 10,281

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 notes form part of these abbreviated accounts

Page 2 continued...
BRIXHAMS TREASURE LTD (REGISTERED NUMBER: 09157788)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 28 April 2016 and were signed on its
behalf by:




N L Worrell - Director



Ms J Robinson - Director


The notes form part of these abbreviated accounts

Page 3
BRIXHAMS TREASURE LTD (REGISTERED NUMBER: 09157788)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 AUGUST 2014 TO 31 DECEMBER 2015

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 2015, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 25% 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 229,000
At 31 December 2015 229,000
AMORTISATION
Amortisation for period 11,450
At 31 December 2015 11,450
NET BOOK VALUE

At 31 December 2015 217,550

Page 4 continued...
BRIXHAMS TREASURE LTD (REGISTERED NUMBER: 09157788)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 AUGUST 2014 TO 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 14,681
At 31 December 2015 14,681
DEPRECIATION
Charge for period 2,482
At 31 December 2015 2,482
NET BOOK VALUE
At 31 December 2015 12,199

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100
10 A 1 10
10 B 1 10
120

5. CONTROL OF THE ENTITY

The company was controlled throughout the year by the directors.

Page 5