Wm. Bracey Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00396033 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Wm. Bracey Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs M M Alston

H J Alston

SECRETARY:

Mrs M M Alston

REGISTERED OFFICE:

Billockby Hall

Fleggburgh

GREAT YARMOUTH

Norfolk

NR29 3BE

REGISTERED NUMBER:

00396033 (England and Wales)

ACCOUNTANTS:

Argents Chartered Accountants

15 Palace Street

NORWICH

Norfolk

NR3 1RT

FIXED ASSETS

Investments

2

1

CURRENT ASSETS

Stocks

43,478

62,017

Debtors

183,721

227,929

Cash at bank

3,224

1,943

230,423

291,889

CREDITORS

Amounts falling due within one year

4,150

7,301

NET CURRENT ASSETS

226,273

284,588

TOTAL ASSETS LESS CURRENT
LIABILITIES

226,274

284,589

CAPITAL AND RESERVES

Called up share capital

3

40

Profit and loss account

226,234

284,549

SHAREHOLDERS' FUNDS

226,274

284,589

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 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.

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 Board of Directors on 16 June 2017 and were signed on its behalf by:

H J Alston - 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Investments

Investments held as fixed assets are stated at cost less provision for any impairment in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

1

NET BOOK VALUE

At 30 September 2016

1

At 30 September 2015

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

40

Ordinary

£1

40