Bramfield Home Improvement Limited - Period Ending 2016-09-30

Registration number: 04674441

Bramfield Home Improvement Limited

Unaudited Abbreviated Accounts

for the Period from 1 April 2015 to 30 September 2016

 

Maven Media Accountants Limited
7 Paynes Park
Hitchin
Hertfordshire
SG5 1EH

Bramfield Home Improvement Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bramfield Home Improvement Limited
for the Period Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bramfield Home Improvement Limited for the period ended 30 September 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Certified Practising Accountants (ICPA) , we are subject to its ethical and other professional requirements which are detailed at http://www.icpa.org.uk/.

This report is made solely to the Board of Directors of Bramfield Home Improvement Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Bramfield Home Improvement Limited and state those matters that we have agreed to state to them . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bramfield Home Improvement Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bramfield Home Improvement Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bramfield Home Improvement Limited. You consider that Bramfield Home Improvement Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Bramfield Home Improvement 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 accounts.

......................................

Maven Media Accountants Limited
7 Paynes Park
Hitchin
Hertfordshire
SG5 1EH

31 January 2017

Page 1

Bramfield Home Improvement Limited
(Registration number: 04674441)
Abbreviated Balance Sheet at 30 September 2016

		Note			30 September 2016 £			31 March 2015 £
Fixed assets
Tangible fixed assets					-			121
Current assets
Stocks					-			2,500
Debtors		3			9,142			3,730
Cash at bank and in hand					2,037			14,096
					11,179			20,326
Creditors: Amounts falling due within one year					(9,978)			(20,265)
Net current assets					1,201			61
Net assets					1,201			182
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					1,101			82
Shareholders' funds					1,201			182

For the year ending 30 September 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 January 2017 and signed on its behalf by:

.........................................
Mr Brian Willoughby
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Bramfield Home Improvement Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	Reducing balance 15%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		963			963
Disposals		(963)			(963)
At 30 September 2016		-			-
Depreciation
At 1 April 2015		842			842
Eliminated on disposals		(842)			(842)
At 30 September 2016		-			-
Net book value
At 30 September 2016		-			-
At 31 March 2015		121			121

Page 3

Bramfield Home Improvement Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 30 September 2016
......... continued

3

Debtors

Debtors includes £nil (2015 - £nil) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	30 September 2016						31 March 2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

5	Related party transactions

Directors' advances and credits

	1 April 2015 to 30 September 2016 Advance/ Credit £	1 April 2015 to 30 September 2016 Repaid £	Year ended 31 March 2015 Advance/ Credit £	Year ended 31 March 2015 Repaid £
Mrs Linda Willoughby
Amounts advanced interest free, and repayable on demand, to the director during the year.	12,565	3,665	12,095	6,578
Mr Brian Willoughby
Amounts advanced interest free, and repayable on demand, to the director during the year.	12,565	3,665	12,095	6,578

Page 4