Abbreviated Company Accounts - BRINDLEY CHAINS LIMITED

Registered Number 01862940

BRINDLEY CHAINS LIMITED

Abbreviated Accounts

31 December 2015

BRINDLEY CHAINS LIMITED Registered Number 01862940

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	106,582	83,880
		106,582	83,880
Current assets
Stocks		940,884	980,960
Debtors		654,675	695,583
Cash at bank and in hand		654,318	525,100
		2,249,877	2,201,643
Creditors: amounts falling due within one year		(520,857)	(566,407)
Net current assets (liabilities)		1,729,020	1,635,236
Total assets less current liabilities		1,835,602	1,719,116
Provisions for liabilities		(12,762)	(4,046)
Total net assets (liabilities)		1,822,840	1,715,070
Capital and reserves
Called up share capital		50,000	50,000
Profit and loss account		1,772,840	1,665,070
Shareholders' funds		1,822,840	1,715,070

For the year ending 31 December 2015 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 23 August 2016

And signed on their behalf by:
J F Brindley, Director
P A Brindley, Director

BRINDLEY CHAINS LIMITED Registered Number 01862940

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:

Leasehold property Over the life of the Lease
Plant and equipment 20% Straight Line
Equipment 20% Straight Line
Motor vehicles 20% Straight Line

2Tangible fixed assets

	£
Cost
At 1 January 2015	385,199
Additions	80,560
Disposals	(55,614)
Revaluations	-
Transfers	-
At 31 December 2015	410,145
Depreciation
At 1 January 2015	301,319
Charge for the year	31,913
On disposals	(29,669)
At 31 December 2015	303,563
Net book values
At 31 December 2015	106,582
At 31 December 2014	83,880