Brogue Element Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08528319 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 14 MAY 2013 TO 31 MAY 2014

FOR

BROGUE ELEMENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr C Lowe

REGISTERED OFFICE:

26 Great Queen Street

London

WC2B 5BB

REGISTERED NUMBER:

08528319 (England and Wales)

ACCOUNTANTS:

Shaw Walker LEES

Chartered Certified Accountants

Puerorum House

1st Floor

26 Great Queen Street

London

WC2B 5BB

CURRENT ASSETS

Debtors

8,601

Cash at bank

40,288

48,889

CREDITORS

Amounts falling due within one year

26,806

NET CURRENT ASSETS

22,083

TOTAL ASSETS LESS CURRENT LIABILITIES

22,083

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

21,983

SHAREHOLDERS' FUNDS

22,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 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 27 October 2014 and were signed by:

Mr C Lowe - 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 April 2008).

Turnover

Turnover represents the fair value of services provided during the year. Turnover is recognised as contract

activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be

recoverable from clients. Turnover excludes value added tax. Unbilled turnover on individual contracts is

included as accrued income within other debtors.

Deferred tax

The charge for taxation is based on the results for the year and takes into account taxation deferred because of

timing differences between the treatment of certain items for taxation and accounting purposes. In accordance

with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that

have been originated but not reversed by the balance sheet date. Deferred tax assets are recognised when it is

more likely than not that the asset will be recovered. Deferred tax is measured using rates that have been

enacted or substantially enacted by the balance sheet date. Deferred tax balances are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the director, Mr C Lowe, operated a loan account. There were advances of £49,547 and

repayments of £48,440. At 31 May 2014 the balance owed to the director was £1,107. The loan is interest free,

unsecured and repayable on demand.