Arthur, Bradley & Smith Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03283855 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ARTHUR, BRADLEY & SMITH LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A J Grice

REGISTERED OFFICE:

788-790 Finchley Road

London

NW11 7TJ

REGISTERED NUMBER:

03283855 (England and Wales)

ACCOUNTANTS:

Westminster Accountancy Ltd

Accountants

Westminster House

9 Chapel Place

Rivington Street

London

EC2A 3DQ

FIXED ASSETS

Investments

2

1,019,791

1,070,150

CURRENT ASSETS

Debtors

1,928

1,527

Cash at bank and in hand

44,801

2,264

46,729

3,791

CREDITORS

Amounts falling due within one year

9,448,829

9,168,562

NET CURRENT LIABILITIES

(9,402,100

)

(9,164,771

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,382,309

)

(8,094,621

)

CREDITORS

Amounts falling due after more than one
year

16,614

-

NET LIABILITIES

(8,398,923

)

(8,094,621

)

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

(8,408,923

)

(8,104,621

)

SHAREHOLDERS' FUNDS

(8,398,923

)

(8,094,621

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 September 2016 and were signed by:

A J Grice - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2015

2014

£

Investments

1,019,791

1,070,150

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary Share Capital

£ 1

10,000

4.	GOING CONCERN

The Balance Sheet as at 31st December 2015 has a negative balance, however, the director is confident that the

company will receive enough financial support to enable it to continue to trade in the foreseeable future.