Chris Branton Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06692258 (England and Wales)

Chris Branton Services Limited

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

3,200

4,800

Tangible assets

3

10,172

11,883

13,372

16,683

CURRENT ASSETS

Debtors

23,293

18,151

Cash at bank

13,641

9,879

36,934

28,030

CREDITORS

Amounts falling due within one year

44,622

37,133

NET CURRENT LIABILITIES

(7,688

)

(9,103

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,684

7,580

CREDITORS

Amounts falling due after more than one
year

(5,350

)

(5,710

)

PROVISIONS FOR LIABILITIES

(1,363

)

(1,558

)

NET (LIABILITIES)/ASSETS

(1,029

)

312

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(1,129

)

212

SHAREHOLDERS' FUNDS

(1,029

)

312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 14 July 2017 and were signed by:

Mr C Branton - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

10,000

AMORTISATION

At 1 November 2015

5,200

Amortisation for year

1,600

At 31 October 2016

6,800

NET BOOK VALUE

At 31 October 2016

3,200

At 31 October 2015

4,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

34,327

Additions

1,679

At 31 October 2016

36,006

DEPRECIATION

At 1 November 2015

22,444

Charge for year

3,390

At 31 October 2016

25,834

NET BOOK VALUE

At 31 October 2016

10,172

At 31 October 2015

11,883

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1.00

100

5.	GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £1,029. The applicability of

going concern is dependent on upon the continued increase in trade income. There are no indications that this

support will cease.