Brien Firmin Limited - Limited company - abbreviated - 11.0.0
Brien Firmin Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| BRIEN FIRMIN LIMITED |
| BRIEN FIRMIN LIMITED (REGISTERED NUMBER: 04705968) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| BRIEN FIRMIN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BRIEN FIRMIN LIMITED (REGISTERED NUMBER: 04705968) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| BRIEN FIRMIN LIMITED (REGISTERED NUMBER: 04705968) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2014 |
| The financial statements were approved by the Board of Directors on |
| BRIEN FIRMIN LIMITED (REGISTERED NUMBER: 04705968) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| While the company has made losses, it has been supported by finance from the bank. Accordingly, the accounts have been |
| prepared on a going concern basis and this assumes this support continues. |
| 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 net invoiced provision of services, excluding value added tax. |
| Goodwill |
| Goodwill of £110,000 has been paid in connection with the transfer of business from sole trader Brien Firmin in 2003. The |
| goodwill is being written off evenly over 20 years. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax 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 a right to pay less or |
| to receive more tax. |
| Deferred tax is measured on an 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. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 |
| AMORTISATION |
| At 1 April 2013 |
| Amortisation for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| BRIEN FIRMIN LIMITED (REGISTERED NUMBER: 04705968) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 7,678 | 15,618 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following loans to from directors subsisted during the year ended 31 March 2014 and 31 March 2013: |
| 2014 | 2013 |
| £ | £ |
| M Firmin and Mrs S Firmin |
| Balance outstanding at start of year | 7,635 | 17,381 |
| Balance outstanding at end of year | 9,289 | 7,635 |
| Maximum balance outstanding during year | 11,635 | 27,967 |
| BRIEN FIRMIN LIMITED (REGISTERED NUMBER: 04705968) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 7. | ULTIMATE CONTROLLING PARTY |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| BRIEN FIRMIN LIMITED |
| 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 six) 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 Brien Firmin Limited for the year ended 31 March 2014 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical |
| and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Brien Firmin 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 Brien Firmin Limited and |
| state those matters that we have agreed to state to the Board of Directors of Brien Firmin Limited, as a body, in this report in |
| accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 Brien Firmin 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 profit of Brien Firmin Limited. You consider |
| that Brien Firmin 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 Brien Firmin 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. |
| 7 November 2014 |