BRIAN_CHICK_LIMITED - Accounts
BRIAN_CHICK_LIMITED - Accounts
Company Registration No. 04730055 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRIAN CHICK LIMITED FOR THE YEAR ENDED 31 DECEMBER 2013
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brian Chick Limited for the year ended 31 December 2013 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Brian Chick Limited, as a body, in accordance with the terms of our engagement letter dated 10 September 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Brian Chick Limited and state those matters that we have agreed to state to the Board of Directors of Brian Chick Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brian Chick Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Brian Chick Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brian Chick Limited. You consider that Brian Chick Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Brian Chick Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
- 2 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
-
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(36,346 )
(29,103 )
Net current liabilities
(419 )
(1,382 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 31 March 2015
Director
Company Registration No. 04730055
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover is recognised as income in the period when the service is provided.
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013 & at 31 December 2013
3,601
Depreciation
At 1 January 2013
2,019
Charge for the year
377
At 31 December 2013
2,396
Net book value
At 31 December 2013
1,205
At 31 December 2012
1,582
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 4 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
The Ordinary A and Ordinary B shares rank in pari passu in all respect except in the declaration of dividends, where by one class of share shall not compel a dividend at the same rate to be declared for any other class of share.
4
Transactions with directors
The following is a summary of the director B R Chick's transactions with the company during the year; the closing balance is included within other debtors.
Opening balance - overdrawn
18,158
8,681
Advances
102,272
55,198
Repayments
(91,234)
(46,164)
Closing balance - overdrawn
29,916
17,715
Interest payable
788