Brilliant Advice Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05490486 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Brilliant Advice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Williams

SECRETARY:

Mrs A Williams

REGISTERED OFFICE:

14 Mill Green

Congleton

Cheshire

CW12 1JG

REGISTERED NUMBER:

05490486 (England and Wales)

ACCOUNTANTS:

Thompson Wright Limited

Chartered Accountants

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

FIXED ASSETS

Tangible assets

4

40,628

49,341

CURRENT ASSETS

Cash at bank and in hand

38,140

21,481

CREDITORS

Amounts falling due within one year

5

33,871

34,395

NET CURRENT ASSETS/(LIABILITIES)

4,269

(12,914

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,897

36,427

CREDITORS

Amounts falling due after more than one year

6

44,520

32,777

NET ASSETS

377

3,650

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

277

3,550

SHAREHOLDERS' FUNDS

377

3,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 24 November 2017 and were signed by:

Mr D Williams - Director

1.	STATUTORY INFORMATION

Brilliant Advice Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 30 June 2017 are the first financial statements that comply with

Section 1A "Small Entities" of FRS 102. the date of transition is 1 July 2015. there are no transition adjustments.

Turnover

Turnover represents the net sale of services, excluding VAT. Turnover from the supply of services represents the

value of services provided, to the extent that there is a right to consideration, and is recorded at the value of

the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

at varying rates on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2016

13,023

60,969

19,521

93,513

Additions

-

-

3,525

3,525

At 30 June 2017

13,023

60,969

23,046

97,038

DEPRECIATION

At 1 July 2016

12,096

14,241

17,835

44,172

Charge for year

232

9,709

2,297

12,238

At 30 June 2017

12,328

23,950

20,132

56,410

NET BOOK VALUE

At 30 June 2017

695

37,019

2,914

40,628

At 30 June 2016

927

46,728

1,686

49,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2016

and 30 June 2017

60,969

DEPRECIATION

At 1 July 2016

14,241

Charge for year

9,709

At 30 June 2017

23,950

NET BOOK VALUE

At 30 June 2017

37,019

At 30 June 2016

46,728

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,518

6,518

Taxation and social security

16,202

16,865

Other creditors

11,151

11,012

33,871

34,395

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

25,770

32,289

Other creditors

18,750

488

44,520

32,777

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

32,288

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Williams.