BROOKES_MACHINE_TOOLS_LIM - Accounts

BROOKES MACHINE TOOLS LIMITED - Company Information

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Company Registration No. 04596677 (England and Wales)

BROOKES MACHINE TOOLS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

BROOKES MACHINE TOOLS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BROOKES MACHINE TOOLS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

674

1,526

Current assets

Stocks

39,300

18,600

Debtors

20,781

17,182

Cash at bank and in hand

7,872

34,352

67,953

70,134

Creditors: amounts falling due within one year

(76,126)

(63,348)

Net current (liabilities)/assets

(8,173)

6,786

Total assets less current liabilities

(7,499)

8,312

Capital and reserves

Called up share capital

100

Profit and loss account

(7,599)

8,212

Shareholders' funds

(7,499)

8,312

For the financial year ended 31 December 2013 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 30 September 2014

Mr P M Brookes

Director

Company Registration No. 04596677

BROOKES MACHINE TOOLS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

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).

The financial statements disclose a loss for the year of £6,211 and a balance sheet deficit of £7,499. The financial statements have been prepared on the going concern basis on the grounds that Brookes Machine Tools Limited will be fully supported by it's directors.

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:

Fixtures, fittings & equipment

10% Straight Line

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

8,394

Depreciation

At 1 January 2013

6,868

Charge for the year

852

At 31 December 2013

7,720

Net book value

At 31 December 2013

674

At 31 December 2012

1,526

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

BROOKES MACHINE TOOLS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Related party relationships and transactions

Other transactions

Included within other creditors is £57,216 (2012: £57,216) owed to Brookes Investments Limited. P M Brookes and G P Brookes are also directors and shareholders of Brookes Investments Limited.

Rent payable includes £6,500 (2012: £6,000) in respect of P M Brookes, as his share for use of the company premises.