BRASSART_LIMITED - Accounts

BRASSART LIMITED - Company Information

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Company Registration No. 03528097 (England and Wales)

BRASSART LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

BRASSART LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BRASSART LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

20,131

2,206

Tangible assets

77,275

37,133

97,406

39,339

Current assets

Stocks

231,906

213,085

Debtors

16,568

47,187

Cash at bank and in hand

259

13,466

248,733

273,738

Creditors: amounts falling due within one year

(77,460)

(57,499)

Net current assets

171,273

216,239

Total assets less current liabilities

268,679

255,578

Creditors: amounts falling due after more than one year

(66,636)

(19,222)

202,043

236,356

Capital and reserves

Called up share capital

535,000

Revaluation reserve

2,833

Profit and loss account

(332,957)

(301,477)

Shareholders' funds

202,043

236,356

BRASSART LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2015

- 2 -

For the financial year ended 31 October 2015 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 his 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 July 2016

Mr A S Lambert

Director

Company Registration No. 03528097

BRASSART LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 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 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

Plant and machinery

15% per annum straight line

Tooling

10% per annum straight line

Fixtures, fittings & equipment

33.33% per annum straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2014

24,372

328,593

352,965

Additions

20,146

52,522

72,668

Disposals

(1,518)

At 31 October 2015

44,518

379,597

424,115

Depreciation

At 1 November 2014

22,166

291,460

313,626

On disposals

(1,518)

Charge for the year

2,221

12,380

14,601

At 31 October 2015

24,387

302,322

326,709

Net book value

At 31 October 2015

20,131

77,275

97,406

At 31 October 2014

2,206

37,133

39,339

BRASSART LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

425,000 Ordinary of £1 each

425,000

110,000 'A' Ordinary of £1 each

110,000

535,000