Company Registration No. 08276333 (England and Wales)
SUREBRAND LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
SUREBRAND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SUREBRAND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
154,920
155,345
Current assets
Stocks
6,294
9,141
Debtors
20,395
23,873
Cash at bank and in hand
16,472
18,639
43,161
51,653
Creditors: amounts falling due within one year
(180,732)
(191,960)
Net current liabilities
(137,571)
(140,307)
Total assets less current liabilities
17,349
15,038
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
17,249
14,938
Shareholders' funds
17,349
15,038
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 July 2017
Mr P O Donnelly
Mrs G Donnelly
Director
Director
Company Registration No. 08276333
SUREBRAND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Not depreciated
Plant and machinery
15% reducing balance
Computer equipment
3 years straight line
Fixtures, fittings & equipment
25% reducing balance
1.4
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
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
175,743
Additions
4,869
At 31 October 2016
180,612
Depreciation
At 1 November 2015
20,398
Charge for the year
5,294
At 31 October 2016
25,692
Net book value
At 31 October 2016
154,920
At 31 October 2015
155,345
SUREBRAND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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