THE BROWSER LIMITED - Abbreviated accounts

THE BROWSER LIMITED - Company Information

Registered number

07061034

THE BROWSER LIMITED

ABBREVIATED ACCOUNTS

31 OCTOBER 2014

THE BROWSER LIMITED

ABBREVIATED BALANCE SHEET

as at 31 October 2014
Company Registration No.		07061034


Notes				2014			2013
£					£
Fixed assets
Tangible assets		2		7,191			8,126

Current assets
Debtors			164,970			132,701
Cash at bank and in hand			59,051			25,744
			224,021			158,445

Creditors: amounts falling due within one year			(1,547,984)			(1,493,870)

Net current liabilities				(1,323,963)			(1,335,425)

Net liabilities				(1,316,772)			(1,327,299)

Capital and reserves
Called up share capital		3		100			100
Profit and loss account				(1,316,872)			(1,327,399)

Shareholders' funds				(1,316,772)			(1,327,299)

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.

Directors' responsibilities:
-	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-	The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


Approved by the board on 17 June 2015



………………………………………
Alasdair Paul Mackenzie Breach
Director

THE BROWSER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 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).

	Going concern
	The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the company being able to trade profitably in the future and the continued support of the company's director who is also a shareholder. The financial statements do not include any adjustments that would result if the company continued to make losses and such support were withdrawn. If the company was unable to continue to trade, adjustments would have to be made to reduce the value of assets to their recoverable amounts, provide for further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. The shareholder and director has expressed their willingness to continue supporting the company for the foreseeable future and hence it is appropriate for the financial statements to be prepared on a going concern basis.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment			25% reducing balance
	Motor vehicles			25% reducing balance


2	Tangible fixed assets					£

	Cost
	At 1 November 2013					17,522
	Additions					1,462
	At 31 October 2014					18,984

	Depreciation
	At 1 November 2013					9,396
	Charge for the year					2,397
	At 31 October 2014					11,793

	Net book value
	At 31 October 2014					7,191
	At 31 October 2013					8,126


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100