Bravesir Limited - Accounts to registrar - small 17.2
Bravesir Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2016 |
| for |
| BRAVESIR LIMITED |
| BRAVESIR LIMITED (REGISTERED NUMBER: 08337217) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BRAVESIR LIMITED |
| Company Information |
| for the Year Ended 31 December 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Suite 15 |
| The Enterprise Centre |
| Coxbridge Business Park |
| Farnham |
| Surrey |
| GU10 5EH |
| BRAVESIR LIMITED (REGISTERED NUMBER: 08337217) |
| Balance Sheet |
| 31 December 2016 |
| 31.12.16 | 31.12.15 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| BRAVESIR LIMITED (REGISTERED NUMBER: 08337217) |
| Balance Sheet - continued |
| 31 December 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| BRAVESIR LIMITED (REGISTERED NUMBER: 08337217) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Bravesir Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, |
| over the useful economic life of that asset as follows: |
| Fixtures & Fittings - Over 5 years |
| Plant & Equipment- Over 3 years |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
| extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
| be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| BRAVESIR LIMITED (REGISTERED NUMBER: 08337217) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The director has confirmed that he will continue to give financial support to the company until such time as its |
| position improves. In addition the director has confirmed that he will not recall his loans within 12 months. The |
| director consider that it is appropriate to prepare the financial statements on a going concern basis. The financial |
| statements do not include any adjustments that would result if the financial support were withdrawn. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 5. | STOCKS |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Stocks |
| 6. | DEBTORS |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Amounts falling due within one year: |
| PAYE/NI | 1,967 | - |
| Prepayments and accrued income |
| BRAVESIR LIMITED (REGISTERED NUMBER: 08337217) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 6. | DEBTORS - continued |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Amounts falling due after more than one year: |
| Deposits | 12,000 | 12,000 |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Other loans |
| Trade creditors |
| PAYE/NI liability |
| VAT | 7,295 | 30,573 |
| Credit card | 2,569 | 2,672 |
| Wages control account | 3,073 | 4,538 |
| Directors' current accounts | 46,627 | 23,946 |
| Accruals and deferred income |
| 8. | RELATED PARTY DISCLOSURES |
| No related party transactions as required to be reported under FRS 102 have taken place during the year. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The Company is under the control of Mr. Robin Catchpole and Mrs. Lucy Catchpole who are equal shareholders and |
| directors of the company. |