M.J. Brook Ltd Company Accounts
M.J. Brook Ltd Company Accounts
COMPANY REGISTRATION NUMBER:
06549087
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Financial Statements |
Year ended 31 March 2017
Contents |
Pages |
Officers and professional advisers |
1 |
Director's report |
2 |
Chartered accountant report to the director on the preparation of the unaudited statutory financial statements |
3 |
Statement of financial position |
4 to 5 |
Notes to the financial statements |
6 to 10 |
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Officers and Professional Advisers |
Director |
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Company secretary |
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Registered office |
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Accountant |
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Chartered Accountant |
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13 Tarn Hows Walk |
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Ackworth |
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Pontefract |
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West Yorkshire |
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WF7 7QS |
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Bankers |
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3 Ropergate |
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Pontefract |
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West Yorkshire |
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WF8 1LH |
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Director's Report |
Year ended 31 March 2017
The director presents his report and the unaudited financial statements of the company for the year ended
31 March 2017
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
22 December 2017
and signed on behalf of the board by:
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Chartered Accountant Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2017
13 Tarn Hows Walk
Ackworth
Pontefract
West Yorkshire
WF7 7QS
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
(
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(
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
(
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(
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Provisions
Taxation including deferred tax |
(
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(
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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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
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2017
, and are signed on behalf of the board by:
Company registration number:
06549087
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48-50 Wakefield Road, Ackworth, Pontefract, West Yorkshire, WF7 7AB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
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Impairment of fixed assets
Finance leases and hire purchase contracts
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 April 2016 |
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Additions |
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Disposals |
(
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At 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
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Charge for the year |
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Disposals |
(
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(
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At 31 March 2017 |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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6.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------- |
------- |
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7.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Social security and other taxes |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2017 |
2016 |
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£ |
£ |
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Included in provisions |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2017 |
2016 |
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£ |
£ |
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Accelerated capital allowances |
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10.
Director's advances, credits and guarantees
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
Reconciliation of equity
1 April 2015 |
31 March 2016 |
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As previously stated |
Effect of transition |
FRS 102 (as restated) |
As previously stated |
Effect of transition |
FRS 102 (as restated) |
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£ |
£ |
£ |
£ |
£ |
£ |
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Fixed Assets |
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– |
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– |
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Current Assets |
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– |
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– |
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Creditors: amounts falling due within one year |
(
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– |
(
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(
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– |
(
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-------- |
---- |
-------- |
-------- |
---- |
-------- |
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Net current assets |
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– |
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– |
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-------- |
---- |
-------- |
-------- |
---- |
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Total assets less current liabilities |
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– |
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– |
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Creditors: amounts falling due after more than one year |
– |
– |
– |
(
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– |
(
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Provisions |
– |
(
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(
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(
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(
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(
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-------- |
------- |
-------- |
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Net assets |
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(
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(
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-------- |
------- |
-------- |
-------- |
------- |
-------- |
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-------- |
------- |
-------- |
-------- |
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Capital And Reserves |
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(
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(
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-------- |
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