Brico Engineering Ltd Accounts

BRICO ENGINEERING LTD - Company Information






Brico Engineering Ltd
	Company No. 07517504
		Abbreviated Accounts
		31 March 2016

at	31 March 2016

Company No.		07517504	Notes	2016	2015
				£	£





Current assets

	Debtors			111,165	85,528

	Cash at bank and in hand			191,228	325,328
				302,393	410,856
Creditors: Amounts falling due within one year				(38,547)	(82,831)
Net current assets				263,846	328,025
Total assets less current liabilities				263,846	328,025




Net assets				263,846	328,025

Capital and reserves
	Called up share capital		3	2	2



	Profit and loss account			263,844	328,023

Shareholder's funds				263,846	328,025

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 December 2016

And signed on its behalf by:

B. Cowling
Director
21 December 2016

for the year ended 31 March 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 April 2015	5,594	5,594




	At 31 March 2016	5,594	5,594
	Amortisation
	At 1 April 2015	5,594	5,594




	At 31 March 2016	5,594	5,594
	Net book values
	At 31 March 2016	-	-
	At 31 March 2015	-	-

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary shares	1.00	2	2	2




				2	2