Braceborough Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07195841 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

BRACEBOROUGH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms J M S Nethercliffe

Mr J A Sheehan

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

07195841 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

FIXED ASSETS

Tangible assets

2

4,878

2,457

CURRENT ASSETS

Debtors

4,301

5,292

Cash at bank

13,386

16,488

17,687

21,780

CREDITORS

Amounts falling due within one year

19,959

22,711

NET CURRENT LIABILITIES

(2,272

)

(931

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,606

1,526

PROVISIONS FOR LIABILITIES

976

491

NET ASSETS

1,630

1,035

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,530

935

SHAREHOLDERS' FUNDS

1,630

1,035

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 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 13 June 2016 and were signed on its behalf by:

Ms J M S Nethercliffe - Director

Mr J A Sheehan - Director

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 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.

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

6,936

Additions

4,559

At 31 March 2016

11,495

DEPRECIATION

At 1 April 2015

4,479

Charge for year

2,138

At 31 March 2016

6,617

NET BOOK VALUE

At 31 March 2016

4,878

At 31 March 2015

2,457

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

A Ordinary

£1

100