Brookmans Locations Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09056511 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2016 TO 31 MARCH 2017

FOR

BROOKMANS LOCATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Tommasina Capaldo

REGISTERED OFFICE:

C/o Michael Filiou Plc

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

09056511 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

3

666

1,498

CURRENT ASSETS

Debtors

4

16,322

9,611

Cash at bank

3,138

69,459

19,460

79,070

CREDITORS

Amounts falling due within one year

5

9,096

45,594

NET CURRENT ASSETS

10,364

33,476

TOTAL ASSETS LESS CURRENT LIABILITIES

11,030

34,974

PROVISIONS FOR LIABILITIES

6

133

300

NET ASSETS

10,897

34,674

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

9,897

33,674

SHAREHOLDERS' FUNDS

10,897

34,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 December 2017 and were signed by:

Tommasina Capaldo - Director

1.	STATUTORY INFORMATION

Brookmans Locations Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 March 2017 are the first financial statements of Brookmans

Locations Limited that comply with the provisions of Section 1A of FRS 102. The date of transition to FRS 102

is 1 January 2015.

The transition to FRS 102 has not resulted in any changes in accounting policies compared to those used

previously.

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

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 etc

-

33% straight line

Taxation

Taxation for the period 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 period 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.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

and 31 March 2017

1,997

DEPRECIATION

At 1 January 2016

499

Charge for period

832

At 31 March 2017

1,331

NET BOOK VALUE

At 31 March 2017

666

At 31 December 2015

1,498

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Trade debtors

2,757

8,487

Amounts recoverable on contract

11,500

-

Other debtors

225

225

VAT

1,158

899

Prepayments

682

-

16,322

9,611

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Trade creditors

1,202

3,559

Tax

6,152

5,707

Director's current accounts

142

16,628

Accrued expenses

1,600

19,700

9,096

45,594

6.	PROVISIONS FOR LIABILITIES

2017

2015

£

£

Deferred tax

133

300

Deferred

tax

£

Balance at 1 January 2016

300

Utilised during period

(167

)

Balance at 31 March 2017

133

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 1 January 2016

33,674

Profit for the period

23,223

Dividends

(47,000

)

At 31 March 2017

9,897

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mrs Tommasina Capaldo by virtue of the fact that she owns

51% of the issued share capital.

10.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on an item of property, plant and equipment;

•

to designate previously recognised financial instruments at fair value through profit or loss provided criteria in paragraph 11.14b are met at date of transition to FRS 102.