Nicholas Brown RIBA Limited - Period Ending 2016-04-30

Registration number: 4188757

Nicholas Brown RIBA Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Nicholas Brown RIBA Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Nicholas Brown RIBA Limited
(Registration number: 4188757)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,852			2,966
Current assets
Debtors		3			69,670			38,982
Cash at bank and in hand					1,356			2,687
					71,026			41,669
Creditors: Amounts falling due within one year					(11,507)			(10,894)
Net current assets					59,519			30,775
Total assets less current liabilities					62,371			33,741
Provisions for liabilities					(570)			(593)
Net assets					61,801			33,148
Capital and reserves
Called up share capital		4			500			500
Profit and loss account					61,301			32,648
Shareholders' funds					61,801			33,148

Page 1

Nicholas Brown RIBA Limited
(Registration number: 4188757)
Abbreviated Balance Sheet at 30 April 2016

For the year ending 30 April 2016 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 22 August 2016 and signed on its behalf by:

Mr N A Brown Director

Mrs V J Brown Director

Page 2

Nicholas Brown RIBA Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts derived from the provision of services falling within the company's ordinary activities, including work done or in progress but not invoiced at the balance sheet date.

Goodwill

Goodwill is the difference between amounts paid on the aquisition of the business and the fair value of the seperable net assets.

Amortisation

Goodwill is amortised to the profit and loss account over its estimated economic life of ten years.

Asset class	Amortisation method and rate
Goodwill	Written off over 10 years

Depreciation

Depreciation is provided so as to write off their cost during the expected useful life of the asset.

Asset class	Depreciation method and rate
Plant & machinery	15% of written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Nicholas Brown RIBA Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2016

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2015		10,000			13,563			23,563
Additions		-			389			389
At 30 April 2016		10,000			13,952			23,952
Depreciation
At 1 May 2015		10,000			10,597			20,597
Charge for the year		-			503			503
At 30 April 2016		10,000			11,100			21,100
Net book value
At 30 April 2016		-			2,852			2,852
At 30 April 2015		-			2,966			2,966

3

Debtors

Debtors includes £nil (2015 - £29,855) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A Ordinary shares of £1 each		500			500			500			500

Page 4

Nicholas Brown RIBA Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2016

5	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr N A Brown
	49,399	20,277	36,317	35,664

Page 5