Brooks & Son (Martock) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00405133 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Brooks & Son (Martock) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C K Dike

Mrs S A Dike

REGISTERED OFFICE:

Bridge Garage

Water Street

MARTOCK

Somerset

TA12 6JN

REGISTERED NUMBER:

00405133 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

2

46,134

50,405

CURRENT ASSETS

Stocks

12,933

7,155

Debtors

47,521

46,211

Cash at bank and in hand

5,100

14,523

65,554

67,889

CREDITORS

Amounts falling due within one year

35,412

26,531

NET CURRENT ASSETS

30,142

41,358

TOTAL ASSETS LESS CURRENT LIABILITIES

76,276

91,763

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

71,276

86,763

SHAREHOLDERS' FUNDS

76,276

91,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 18 November 2014 and were signed on its behalf by:

C K Dike - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

100% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Where the provsion of deferred taxation gives rise to an asset, in respect of unrelieved trading losses for instance,

the asset is only recognised to the extent that its recoverability is certain within the foreseeable future.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

164,357

Additions

1,191

At 31 March 2014

165,548

DEPRECIATION

At 1 April 2013

113,952

Charge for year

5,462

At 31 March 2014

119,414

NET BOOK VALUE

At 31 March 2014

46,134

At 31 March 2013

50,405

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2,429

Ordinary 'A'

£1

2,429

2,429

2,571

Ordinary 'B'

£1

2,571

2,571

5,000

5,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

C K Dike

Balance outstanding at start of year

25,558

39,658

Amounts repaid

(9,000

)

(14,100

)

Balance outstanding at end of year

16,558

25,558

Mrs S A Dike

Balance outstanding at start of year

2,216

7,216

Amounts advanced

9,000

-

Amounts repaid

-

(5,000

)

Balance outstanding at end of year

11,216

2,216