BOBBY_BROWNS_LIMITED - Accounts

BOBBY BROWNS LIMITED - Company Information

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Company Registration No. 01627707 (England and Wales)

BOBBY BROWNS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

BOBBY BROWNS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BOBBY BROWNS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

315,763

318,195

Current assets

Stocks

14,277

14,419

Debtors

118,285

71,002

Cash at bank and in hand

354,148

396,197

486,710

481,618

Creditors: amounts falling due within one year

(203,111)

(195,491)

Net current assets

283,599

286,127

Total assets less current liabilities

599,362

604,322

Provisions for liabilities

(7,225)

(6,811)

592,137

597,511

Capital and reserves

Called up share capital

16,955

Share premium account

1,425

Other reserves

(163,065)

Profit and loss account

736,822

742,196

Shareholders' funds

592,137

597,511

BOBBY BROWNS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

29 FEBRUARY 2016

- 2 -

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.

Director's 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 director acknowledges her 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 11 May 2016

Mrs C M Furby

Director

Company Registration No. 01627707

BOBBY BROWNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

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 January 2015).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Fixtures, fittings & equipment

15% reducing balance

Other assets

Over remaining period of lease

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2015

75,000

718,914

793,914

Additions

7,376

At 29 February 2016

75,000

726,290

801,290

Depreciation

At 1 March 2015

75,000

400,719

475,719

Charge for the year

9,808

At 29 February 2016

75,000

410,527

485,527

Net book value

At 29 February 2016

315,763

At 28 February 2015

318,195

BOBBY BROWNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

16,935 Ordinary A of £1 each

16,935

20 Ordinary B of £1 each

16,955