Posh Brats Limited - Period Ending 2016-08-31
Posh Brats Limited - Period Ending 2016-08-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Posh Brats Limited
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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.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Posh Brats Limited
for the Year Ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Posh Brats Limited for the year ended 31 August 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 Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Posh Brats Limited, as a body, in accordance with the terms of our engagement letterdated 23 May 2014. Our work has been undertaken solely to prepare for your approval the accounts of Posh Brats Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Posh Brats Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Posh Brats 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 Posh Brats Limited. You consider that Posh Brats 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 accounts of Posh Brats 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.
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Paul Austen Associates Ltd
Chartered Accountants
Charter House
7/9
Wagg Street
Congleton
Cheshire
CW12 4BA
12 May 2017
Posh Brats Limited
(Registration number: 06606117)
Abbreviated Balance Sheet at 31 August 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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Mark De Staedtler
Director
2
Posh Brats Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. As at 31 August 2015 the company had net liabilities of £19,419 (2014: £20,530). The cmpany has made a small profit this year and contiues to rely on the support of the directors who have confirmed that they are committed to provide the necessary support.
Turnover
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 |
Fixtures and fittings |
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Plant and machinery |
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Stock
Financial instruments
Posh Brats Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 September 2015 |
14,386 |
14,386 |
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Additions |
4,621 |
4,621 |
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At 31 August 2016 |
19,007 |
19,007 |
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Depreciation |
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At 1 September 2015 |
7,412 |
7,412 |
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Charge for the year |
1,964 |
1,964 |
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At 31 August 2016 |
9,376 |
9,376 |
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Net book value |
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At 31 August 2016 |
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At 31 August 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mark De Staedtler |
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- |
20,314 |
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