Brilliant Advice Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05490486 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Brilliant Advice Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

49,341

58,820

CURRENT ASSETS

Cash at bank and in hand

21,481

15,654

CREDITORS

Amounts falling due within one year

34,395

29,466

NET CURRENT LIABILITIES

(12,914

)

(13,812

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,427

45,008

CREDITORS

Amounts falling due after more than one
year

32,777

42,221

NET ASSETS

3,650

2,787

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,550

2,687

SHAREHOLDERS' FUNDS

3,650

2,787

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 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 11 August 2016 and were signed by:

D Williams - 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 the net sale of services, excluding VAT. Turnover from the supply of services represents

the value of services provided, to the extent that there is a right to consideration, and is recorded at the value

of the consideration due.

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 and fittings

-

25% on reducing balance

Motor vehicles

-

at varying rates on cost

Computer equipment

-

33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

91,837

Additions

1,676

At 30 June 2016

93,513

DEPRECIATION

At 1 July 2015

33,017

Charge for year

11,155

At 30 June 2016

44,172

NET BOOK VALUE

At 30 June 2016

49,341

At 30 June 2015

58,820

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

80

A ordinary

£1

80

20

B ordinary

£1

20

100