G & K Brown Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC298213 (Scotland)

Abbreviated Unaudited Accounts

For The Year Ended 30th April 2016

for

G & K Brown Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

G Brown

SECRETARY:

K Brown

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

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REGISTERED NUMBER:

SC298213 (Scotland)

ACCOUNTANTS:

J.S. Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

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FIXED ASSETS

Intangible assets

2

18,000

19,200

Tangible assets

3

8,775

11,699

26,775

30,899

CURRENT ASSETS

Debtors

338

50

Cash at bank

12,513

1,338

12,851

1,388

CREDITORS

Amounts falling due within one year

(37,156

)

(24,121

)

NET CURRENT LIABILITIES

(24,305

)

(22,733

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,470

8,166

CREDITORS

Amounts falling due after more than one
year

(2,166

)

(5,281

)

NET ASSETS

304

2,885

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

204

2,785

SHAREHOLDERS' FUNDS

304

2,885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 20th October 2016 and were signed by:

G Brown - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

30,000

AMORTISATION

At 1st May 2015

10,800

Amortisation for year

1,200

At 30th April 2016

12,000

NET BOOK VALUE

At 30th April 2016

18,000

At 30th April 2015

19,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

14,093

DEPRECIATION

At 1st May 2015

2,394

Charge for year

2,924

At 30th April 2016

5,318

NET BOOK VALUE

At 30th April 2016

8,775

At 30th April 2015

11,699

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2016 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J.S. Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

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Date: .............................................