Boon Brown Limited - Period Ending 2016-03-31

BOON BROWN LIMITED - Company Information

Boon Brown Limited 03254413 false true 2015-04-01 2016-03-31 2016-03-31 Mr Shaun Travers 03254413 2015-04-01 2016-03-31 03254413 2016-03-31 03254413 uk-bus:OrdinaryShareClass1 2016-03-31 03254413 uk-bus:OrdinaryShareClass2 2016-03-31 03254413 uk-bus:OrdinaryShareClass3 2016-03-31 03254413 uk-bus:OrdinaryShareClass4 2016-03-31 03254413 uk-bus:OrdinaryShareClass5 2016-03-31 03254413 uk-bus:PreferenceShareClass1 2016-03-31 03254413 uk-bus:CompanySecretary 2015-04-01 2016-03-31 03254413 uk-bus:Director1 2015-04-01 2016-03-31 03254413 uk-bus:Director2 2015-04-01 2016-03-31 03254413 uk-bus:Director4 2015-04-01 2016-03-31 03254413 uk-bus:Director5 2015-04-01 2016-03-31 03254413 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 03254413 uk-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 03254413 uk-bus:OrdinaryShareClass3 2015-04-01 2016-03-31 03254413 uk-bus:OrdinaryShareClass4 2015-04-01 2016-03-31 03254413 uk-bus:OrdinaryShareClass5 2015-04-01 2016-03-31 03254413 uk-bus:PreferenceShareClass1 2015-04-01 2016-03-31 03254413 uk-gaap:OfficeEquipment 2015-04-01 2016-03-31 03254413 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 03254413 2015-03-31 03254413 2015-03-31 03254413 uk-bus:OrdinaryShareClass1 2015-03-31 03254413 uk-bus:OrdinaryShareClass2 2015-03-31 03254413 uk-bus:OrdinaryShareClass3 2015-03-31 03254413 uk-bus:OrdinaryShareClass4 2015-03-31 03254413 uk-bus:OrdinaryShareClass5 2015-03-31 03254413 uk-bus:PreferenceShareClass1 2015-03-31 iso4217:GBP xbrli:shares

Registration number: 03254413

Boon Brown Limited

Unaudited abbreviated accounts

for the year ended 31 March 2016

Boon Brown Limited
Contents

Abbreviated balance sheet

1 to 2

Notes to the abbreviated accounts

3 to 6

Boon Brown Limited
(Registration number: 03254413)
Abbreviated balance sheet at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	23,750	21,714
Current assets
Stock		317,418	425,403
Debtors		612,766	568,382
Cash at bank and in hand		107,152	500
		1,037,336	994,285
Creditors: amounts falling due within one year		(517,007)	(781,317)
Net current assets		520,329	212,968
Total assets less current liabilities		544,079	234,682
Provisions for liabilities		(3,741)	-
Net assets		540,338	234,682
Capital and reserves
Called up share capital	3	4,000	4,000
Profit and loss account		536,338	230,682
Shareholders' funds		540,338	234,682

The notes on pages 3 to 6 form an integral part of these abbreviated accounts.
Page 1

Boon Brown Limited
(Registration number: 03254413)
Abbreviated balance sheet at 31 March 2016
......... continued

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the board on 1 December 2016 and signed on its behalf by:

.........................................
CE Brown
Director

The notes on pages 3 to 6 form an integral part of these abbreviated accounts.
Page 2

Boon Brown Limited
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation rate and method
Plant and machinery	15% reducing balance
Office equipment	33% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Boon Brown Limited
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	137,403	137,403
Additions	10,564	10,564
At 31 March 2016	147,967	147,967
Depreciation
At 1 April 2015	115,689	115,689
Charge for the year	8,528	8,528
At 31 March 2016	124,217	124,217
Net book value
At 31 March 2016	23,750	23,750
At 31 March 2015	21,714	21,714

Page 4

Boon Brown Limited
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £ - ( 2015 - 1 ) each		-	-		4,000	4,000
Ordinary A of £ 1 ( 2015 - - ) each		1,300	1,300		-	-
Ordinary B of £ 1 ( 2015 - - ) each		1,300	1,300		-	-
Ordinary C of £ 1 ( 2015 - - ) each		600	600		-	-
Ordinary D of £ 1 ( 2015 - - ) each		400	400		-	-
Ordinary E of £ 1 ( 2015 - - ) each		400	400		-	-
		4,000	4,000		4,000	4,000

New shares allotted

During the year 1,300 Ordinary A having an aggregate nominal value of £1,300 were allotted for an aggregate consideration of £1,300.

During the year 1,300 Ordinary B having an aggregate nominal value of £1,300 were allotted for an aggregate consideration of £1,300.

During the year 600 Ordinary C having an aggregate nominal value of £600 were allotted for an aggregate consideration of £600.

During the year 400 Ordinary D having an aggregate nominal value of £400 were allotted for an aggregate consideration of £400.

During the year 400 Ordinary E having an aggregate nominal value of £400 were allotted for an aggregate consideration of £400.

Page 5

Boon Brown Limited
Notes to the abbreviated accounts for the year ended 31 March 2016
......... continued

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
CE Brown
	65,239	36,808	3,768	-


R Boon
	71,826	46,808	28,758	-


J Paterson
	57,140	46,808	4,801	-


S C Travers
	47,554	46,936	166	-

Page 6