Brammo Limited - Abbreviated accounts

Registered number

07201305

Brammo Limited

Abbreviated Accounts

31 December 2014

Brammo Limited
Registered number:		07201305
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		246,636			870,577

Current assets
Stocks		495,132			89,900
Debtors		476,922			23,976
Cash at bank and in hand		30,282			16,996
		1,002,336			130,872

Creditors: amounts falling due within one year		(4,198,681)			(2,372,203)

Net current liabilities			(3,196,345)			(2,241,331)

Net liabilities			(2,949,709)			(1,370,754)

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			(2,949,711)			(1,370,756)

Shareholder's funds			(2,949,709)			(1,370,754)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr. C. Bramscher
Director
Approved by the board on 17 April 2015

Brammo Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line


	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					1,232,128
	Additions					164,332
	Disposals					(559,696)
	At 31 December 2014					836,764

	Depreciation
	At 1 January 2014					361,551
	Charge for the year					228,577
	At 31 December 2014					590,128

	Net book value
	At 31 December 2014					246,636
	At 31 December 2013					870,577


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2