Abbreviated Company Accounts - BRAY BROTHERS LIMITED

BRAY BROTHERS LIMITED - Company Information

Registered Number 07448230

BRAY BROTHERS LIMITED

Abbreviated Accounts

31 January 2016

BRAY BROTHERS LIMITED Registered Number 07448230

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	9,800	11,200
Tangible assets	3	2,800	3,200
		12,600	14,400
Current assets
Stocks		11,058	5,558
Cash at bank and in hand		516	3,679
		11,574	9,237
Creditors: amounts falling due within one year		(37,113)	(33,754)
Net current assets (liabilities)		(25,539)	(24,517)
Total assets less current liabilities		(12,939)	(10,117)
Total net assets (liabilities)		(12,939)	(10,117)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(12,940)	(10,118)
Shareholders' funds		(12,939)	(10,117)

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 July 2016

And signed on their behalf by:
JAMES CHARLES BRAY, Director

BRAY BROTHERS LIMITED Registered Number 07448230

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is the total amount receivable by the company for goods sold and services provided by it, net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation which is calculated on a straight line basis. The rates of depreciation are determined by reference to the expected useful lives of the assets and are as follows:
Office equipment and cameras 10%

Intangible assets amortisation policy
Intangible fixed assets are stated at cost less amortization which is calculated on a straight line basis. The rates of amortization are determined by reference to the expected useful lives of the assets and are as follows:
Franchise acquisition costs 10%

Other accounting policies
Stock and work in progress
Stock and work in progress is valued at cost

2Intangible fixed assets

	£
Cost
At 1 February 2015	14,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	14,000
Amortisation
At 1 February 2015	2,800
Charge for the year	1,400
On disposals	-
At 31 January 2016	4,200
Net book values
At 31 January 2016	9,800
At 31 January 2015	11,200

3Tangible fixed assets

	£
Cost
At 1 February 2015	4,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	4,000
Depreciation
At 1 February 2015	800
Charge for the year	400
On disposals	-
At 31 January 2016	1,200
Net book values
At 31 January 2016	2,800
At 31 January 2015	3,200