Bradbury Edwards Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08987176 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Bradbury Edwards Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

M A W Edwards

B Bradbury

REGISTERED OFFICE:

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

REGISTERED NUMBER:

08987176 (England and Wales)

ACCOUNTANTS:

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

FIXED ASSETS

Intangible assets

2

4,804

-

Tangible assets

3

451

902

5,255

902

CURRENT ASSETS

Stocks

76,217

60,000

Debtors

25,657

8,733

101,874

68,733

CREDITORS

Amounts falling due within one year

88,191

46,339

NET CURRENT ASSETS

13,683

22,394

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,938

23,296

PROVISIONS FOR LIABILITIES

66

180

NET ASSETS

18,872

23,116

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

18,870

23,114

SHAREHOLDERS' FUNDS

18,872

23,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 15 December 2016 and were signed
on its behalf by:

M A W Edwards - 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 sales of goods net of VAT and trade discounts. Turnover is recognised when the

risks and rewards of ownership of goods have been transferred to the customer. The risks and

rewards of ownership of goods are deemed to have been transferred when the goods are shipped

to, or are picked up by, the customer.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred taxation is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date that will

result in an obligation to pay more, or right to pay less or to receive more, tax, with the following

exceptions:

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of

all evidence, it can be regarded as likely that there will be suitable taxable profits from which the

future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Going concern

The accounts have been drawn up on a going concern basis. Of the company's liabilities, £44,551 is

owed to M A W Edwards & B Bradbury, the directors and shareholders of the company. M A W

Edwards & B Bradbury have agreed not to demand repayment of this amount for at least one year

after the balance sheet signing date.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the

value of assets to their recoverable amount to provide for any further liabilities that might arise and

to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

6,005

At 30 April 2016

6,005

AMORTISATION

Amortisation for year

1,201

At 30 April 2016

1,201

NET BOOK VALUE

At 30 April 2016

4,804

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

1,353

DEPRECIATION

At 1 May 2015

451

Charge for year

451

At 30 April 2016

902

NET BOOK VALUE

At 30 April 2016

451

At 30 April 2015

902

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

2

Ordinary

£1

2

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Bradbury Edwards Limited for the year ended 30 April 2016 which

comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bradbury Edwards Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bradbury Edwards Limited and state those matters that we have agreed to state to the Board of Directors of Bradbury Edwards Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bradbury Edwards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bradbury Edwards Limited. You consider that Bradbury Edwards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bradbury Edwards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

19 December 2016