Company Registration No. 08276333 (England and Wales)
SUREBRAND LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
SUREBRAND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SUREBRAND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
155,345
150,529
Current assets
Stocks
9,141
6,988
Debtors
23,873
25,307
Cash at bank and in hand
18,639
17,282
51,653
49,577
Creditors: amounts falling due within one year
(191,960)
(187,700)
Net current liabilities
(140,307)
(138,123)
Total assets less current liabilities
15,038
12,406
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
14,938
12,306
Shareholders' funds
15,038
12,406
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.
Directors' 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 directors acknowledge their 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 29 July 2016
Mr P O Donnelly
Mrs G Donnelly
Director
Director
Company Registration No. 08276333
SUREBRAND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
Not depreciated
Plant and machinery
15% reducing balance
Computer equipment
3 years straight line
Fixtures, fittings & equipment
25% reducing balance
1.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
164,761
Additions
10,982
At 31 October 2015
175,743
Depreciation
At 1 November 2014
14,232
Charge for the year
6,166
At 31 October 2015
20,398
Net book value
At 31 October 2015
155,345
At 31 October 2014
150,529
SUREBRAND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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