Britton & Robson Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06229385 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

BRITTON & ROBSON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Riley

REGISTERED OFFICE:

46 High Street

Willington

Crook

Co. Durham

DL15 0PG

REGISTERED NUMBER:

06229385 (England and Wales)

ACCOUNTANTS:

Robson Laidler Accountants Limited

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

NE2 1TJ

BANKERS:

Handelsbanken

2nd Floor

Earl Grey House

75-85 Grey Street

Newcastle upon Tyne

NE1 6EF

FIXED ASSETS

Intangible assets

2

1,242,866

1,338,472

Tangible assets

3

8,550

12,776

1,251,416

1,351,248

CURRENT ASSETS

Stocks

92,243

91,408

Debtors

234,909

327,975

Cash at bank and in hand

376,798

157,866

703,950

577,249

CREDITORS

Amounts falling due within one year

4

688,509

666,498

NET CURRENT ASSETS/(LIABILITIES)

15,441

(89,249

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,266,857

1,261,999

CREDITORS

Amounts falling due after more than one
year

4

(763,515

)

(878,283

)

PROVISIONS FOR LIABILITIES

(1,710

)

(2,555

)

NET ASSETS

501,632

381,161

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

501,631

381,160

SHAREHOLDERS' FUNDS

501,632

381,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 18 October 2016 and were signed by:

D Riley - 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).

The financial statements have been prepared on a going concern basis on the grounds that current and future

sources of funding and support will be more than adequate for the company's needs. The director has considered

a period of twelve months from the date of the approval of the financial statements and believes that no further

disclosures relating to the company's ability to continue as a going concern need to be made in the financial

statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced income from pharmacy dispensing together with the sale of over the counter

products, excluding value added tax. Income is recognised at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% straight line basis

Motor vehicles

-

25% straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date. No discounting has been applied to deferred tax.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

1,912,102

AMORTISATION

At 1 May 2015

573,630

Amortisation for year

95,606

At 30 April 2016

669,236

NET BOOK VALUE

At 30 April 2016

1,242,866

At 30 April 2015

1,338,472

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

34,212

DEPRECIATION

At 1 May 2015

21,436

Charge for year

4,226

At 30 April 2016

25,662

NET BOOK VALUE

At 30 April 2016

8,550

At 30 April 2015

12,776

4.

CREDITORS

Creditors include an amount of £ 878,899 (2015 - £ 994,283 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

301,979

414,283

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1