Brand New Thinking Limited - Abbreviated accounts 16.1

Brand New Thinking Limited - Abbreviated accounts 16.1

BRAND NEW THINKING LIMITED - Company Information

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REGISTERED NUMBER: 04687909 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

BRAND NEW THINKING LIMITED

BRAND NEW THINKING LIMITED (REGISTERED NUMBER: 04687909)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

BRAND NEW THINKING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: L J Bernstein





SECRETARY: A M Bernstein





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 04687909 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
Page 1
BRAND NEW THINKING LIMITED (REGISTERED NUMBER: 04687909)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 11,888 17,192

CURRENT ASSETS
Debtors 21,491 36,461
Investments 223,683 233,677
Cash at bank 99,883 32,226
345,057 302,364
CREDITORS
Amounts falling due within one year 39,770 37,785
NET CURRENT ASSETS 305,287 264,579
TOTAL ASSETS LESS CURRENT LIABILITIES 317,175 281,771

PROVISIONS FOR LIABILITIES 2,378 3,472
NET ASSETS 314,797 278,299

CAPITAL AND RESERVES
Called up share capital 3 500 500
Profit and loss account 314,297 277,799
SHAREHOLDERS' FUNDS 314,797 278,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 June 2016 and were signed by:





L J Bernstein - Director


The notes form part of these abbreviated accounts

Page 2
BRAND NEW THINKING LIMITED (REGISTERED NUMBER: 04687909)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have made an assessment and do not consider there to be any material uncertainties about the company's
ability to continue as a going concern. As a result they have adopted the going concern basis of accounting.

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 January 2015).

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.

Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 35,152
Additions 4,320
At 31 March 2016 39,472
DEPRECIATION
At 1 April 2015 17,960
Charge for year 9,624
At 31 March 2016 27,584
NET BOOK VALUE
At 31 March 2016 11,888
At 31 March 2015 17,192

Page 3 continued...
BRAND NEW THINKING LIMITED (REGISTERED NUMBER: 04687909)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
400 Ordinary A £1 400 400
400 Ordinary B £1 - -
200 Ordinary C £1 100 100
500 500

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRAND NEW THINKING LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Brand New Thinking Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given
us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Brand New Thinking Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brand New Thinking Limited and state those matters that we have agreed to state to the director of Brand New Thinking Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Brand New Thinking Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brand New Thinking Limited. You consider that Brand New Thinking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brand New Thinking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


2 June 2016

This page does not form part of the abbreviated accounts

Page 5