MALCOLM_BROOKS_LIMITED - Accounts

MALCOLM BROOKS LIMITED - Company Information

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Company Registration No. 00652596 (England and Wales)

MALCOLM BROOKS LIMITED

T/A DAVID AITCHISON MENSWEAR

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

MALCOLM BROOKS LIMITED

T/A DAVID AITCHISON MENSWEAR

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MALCOLM BROOKS LIMITED

T/A DAVID AITCHISON MENSWEAR

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

21,431

20,544

Current assets

Stocks

106,138

109,098

Debtors

3,121

3,152

109,259

112,250

Creditors: amounts falling due within one year

(86,515)

(90,212)

Net current assets

22,744

22,038

Total assets less current liabilities

44,175

42,582

Provisions for liabilities

(3,200)

(2,790)

40,975

39,792

Capital and reserves

Called up share capital

15,000

Profit and loss account

25,975

24,792

Shareholders' funds

40,975

39,792

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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 22 April 2016

D B Aitchison

Director

Company Registration No. 00652596

MALCOLM BROOKS LIMITED

T/A DAVID AITCHISON MENSWEAR

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 2 -

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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

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:

Land and buildings Leasehold

Straight line over the length of the lease

Hire stock

30% on reducing balance

Fixtures, fittings & equipment

20% on reducing balance /25% straight line

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method.

Fixed assets

Tangible assets

Cost

At 1 March 2015

219,182

Additions

8,668

At 29 February 2016

227,850

Depreciation

At 1 March 2015

198,638

Charge for the year

7,781

At 29 February 2016

206,419

Net book value

At 29 February 2016

21,431

At 28 February 2015

20,544

MALCOLM BROOKS LIMITED

T/A DAVID AITCHISON MENSWEAR

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

15,000 Ordinary shares of £1 each

15,000