Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
DENISE BROMLEY LTD
Company Registration Number:
05755130
(England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01 April 2015
End date: 31 March 2016
DENISE BROMLEY LTD
Abbreviated Balance sheet
As at
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2016 £ |
2015 £ |
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Fixed assets | |||
Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
DENISE BROMLEY LTD
Balance sheet continued
As at 31 March 2016
Notes |
2016 £ |
2015 £ |
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Capital and reserves | |||
Called up share capital: | 5 |
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Profit and loss account: |
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Shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
DENISE BROMLEY LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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1. Accounting policies
Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% on reducing balance
Computer equipment 33% on costValuation information and policy
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.Other accounting policies
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
DENISE BROMLEY LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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2. Tangible assets
Total Cost £ 01 April 2015: 5,179 Additions: 0 Disposals: 0 Revaluations: 0 Transfers: 0 31 March 2016: 5,179 Depreciation 01 April 2015: 3,722 Charge for year: 332 On disposals: 0 Other adjustments: 0 31 March 2016: 4,054 Net book value 31 March 2016: 1,125 31 March 2015: 1,457
DENISE BROMLEY LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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3. Debtors
2016
£
2015
£Prepayments and accrued income: 382 383 Total: 382 383
DENISE BROMLEY LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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4. Creditors: amounts falling due within one year
Creditors
2015 - £3248
2016 - £5268