Broadthunder Accounting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07770313 (England and Wales)

Broadthunder Accounting Limited

Abbreviated Unaudited Accounts For The Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C E Lucas

REGISTERED OFFICE:

164 Walkden Road

Worsley

Manchester

M28 7DP

REGISTERED NUMBER:

07770313 (England and Wales)

ACCOUNTANT:

Huddart

Chartered Accountants

164 Walkden Road

Walkden

Worsley

Manchester

M28 7DP

FIXED ASSETS

Intangible assets

2

171,265

215,576

Tangible assets

3

51,340

54,225

222,605

269,801

CURRENT ASSETS

Stocks

28,981

19,759

Debtors

4

73,195

96,858

Cash at bank and in hand

24,857

14,027

127,033

130,644

CREDITORS

Amounts falling due within one year

110,364

105,985

NET CURRENT ASSETS

16,669

24,659

TOTAL ASSETS LESS CURRENT
LIABILITIES

239,274

294,460

CREDITORS

Amounts falling due after more than one
year

(147,313

)

(218,530

)

PROVISIONS FOR LIABILITIES

(8,780

)

(9,523

)

NET ASSETS

83,181

66,407

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

83,081

66,307

SHAREHOLDERS' FUNDS

83,181

66,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 December 2016 and were signed by:

C E Lucas - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Goodwill being the amount paid in connection with the acquisition of businesses in 2011, 2013 and

2015 is being written off over its estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

297,242

Impairments

(16,208

)

At 30 September 2016

281,034

AMORTISATION

At 1 October 2015

81,666

Amortisation for year

28,103

At 30 September 2016

109,769

NET BOOK VALUE

At 30 September 2016

171,265

At 30 September 2015

215,576

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

77,899

Additions

8,998

At 30 September 2016

86,897

DEPRECIATION

At 1 October 2015

23,674

Charge for year

11,883

At 30 September 2016

35,557

NET BOOK VALUE

At 30 September 2016

51,340

At 30 September 2015

54,225

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2015 - £ 21,186 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary £1 shares

1

100