P A Brown & Company Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04165711 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

P A Brown & Company Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Brown

Mrs S Brown

SECRETARY:

P A Brown

REGISTERED OFFICE:

Tower Buildings

9 Oldgate

Morpeth

Northumberland

NE61 1PY

REGISTERED NUMBER:

04165711 (England and Wales)

ACCOUNTANTS:

P A Brown & Co

Tower Buildings

9 Oldgate

Morpeth

Northumberland

NE61 1PY

FIXED ASSETS

Tangible assets

2

6,406

10,744

CURRENT ASSETS

Stocks

9,805

8,778

Debtors

22,642

10,670

Cash at bank

92

88

32,539

19,536

CREDITORS

Amounts falling due within one year

38,791

27,752

NET CURRENT LIABILITIES

(6,252

)

(8,216

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

154

2,528

CREDITORS

Amounts falling due after more than one
year

-

2,350

NET ASSETS

154

178

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

152

176

SHAREHOLDERS' FUNDS

154

178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 December 2016 and were signed on its behalf
by:

Mrs S 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

32,912

Disposals

(12,370

)

At 31 March 2016

20,542

DEPRECIATION

At 1 April 2015

22,168

Charge for year

2,136

Eliminated on disposal

(10,168

)

At 31 March 2016

14,136

NET BOOK VALUE

At 31 March 2016

6,406

At 31 March 2015

10,744

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2