Wm. Bracey Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 00396033 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Wm. Bracey Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M M Alston

H J Alston

SECRETARY:

Mrs M M Alston

REGISTERED OFFICE:

Billockby Hall

Fleggburgh

GREAT YARMOUTH

Norfolk

NR29 3BE

REGISTERED NUMBER:

00396033 (England and Wales)

ACCOUNTANTS:

Argents Chartered Accountants

15 Palace Street

NORWICH

Norfolk

NR3 1RT

FIXED ASSETS

Investments

3

1

1

CURRENT ASSETS

Stocks

54,543

43,478

Debtors

4

169,298

183,721

Cash at bank

364

3,224

224,205

230,423

CREDITORS

Amounts falling due within one year

5

1,272

4,150

NET CURRENT ASSETS

222,933

226,273

TOTAL ASSETS LESS CURRENT LIABILITIES

222,934

226,274

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

6

222,894

226,234

SHAREHOLDERS' FUNDS

222,934

226,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 Board of Directors on 7 June 2018 and were signed on its behalf by:

H J Alston - Director

1.	STATUTORY INFORMATION

Wm. Bracey 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 accounts are the first set to be prepared by the company under FRS 102. On transition a review has

been carried out of the previously recognised amounts to identify any that would need to be restated under the

new standards, but no adjustments were required.

The financial statements include information solely relating to the individual company.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

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

slow moving items.

Investments

Investments held as fixed assets are stated at cost less provision for any impairment in value.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2016

and 30 September 2017

1

NET BOOK VALUE

At 30 September 2017

1

At 30 September 2016

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by parent

169,298

183,721

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

2,730

VAT

72

220

Accruals

1,200

1,200

1,272

4,150

6.

RESERVES

Retained

earnings

£

At 1 October 2016

226,234

Deficit for the year

(3,340

)

At 30 September 2017

222,894