Brand Culture Sport & Entertainment Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05144336 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

BRAND CULTURE SPORT & ENTERTAINMENT

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S A White

Mr M P Mann

Ms R Brown

SECRETARY:

Mr M P Mann

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

05144336 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

FIXED ASSETS

Tangible assets

2

37,508

45,261

CURRENT ASSETS

Debtors

262,003

115,795

Cash at bank and in hand

86,286

18,995

348,289

134,790

CREDITORS

Amounts falling due within one year

256,995

136,802

NET CURRENT ASSETS/(LIABILITIES)

91,294

(2,012

)

TOTAL ASSETS LESS CURRENT LIABILITIES

128,802

43,249

CREDITORS

Amounts falling due after more than one year

-

42,973

NET ASSETS

128,802

276

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

128,702

176

SHAREHOLDERS' FUNDS

128,802

276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 November 2016 and were signed on its behalf by:

Mr M P Mann - Director

Mr S A White - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings & equipment

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

165,583

Additions

7,197

At 30 June 2016

172,780

DEPRECIATION

At 1 July 2015

120,322

Charge for year

14,950

At 30 June 2016

135,272

NET BOOK VALUE

At 30 June 2016

37,508

At 30 June 2015

45,261

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

9,500

A Ordinary

1p

95

95

500

B Ordinary

1p

5

5

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and

30 June 2015:

30.6.16

30.6.15

£

£

Mr M P Mann

Balance outstanding at start of year

6,727

-

Amounts advanced

-

6,727

Amounts repaid

(6,727

)

-

Balance outstanding at end of year

-

6,727