Brayzel Narrowboats Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07118265 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

BRAYZEL NARROWBOATS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A G Crook

REGISTERED OFFICE:

Vantage House Euxton Lane

Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

07118265 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Accountants

& Business Advisors

Vantage House Euxton Lane

Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

2

12,000

18,000

Tangible assets

3

4,020

5,361

16,020

23,361

CURRENT ASSETS

Stocks

25,450

21,281

Debtors

32,214

20,304

Cash at bank and in hand

1,370

1,000

59,034

42,585

CREDITORS

Amounts falling due within one year

4

35,962

42,294

NET CURRENT ASSETS

23,072

291

TOTAL ASSETS LESS CURRENT LIABILITIES

39,092

23,652

CREDITORS

Amounts falling due after more than one year

4

(40,947

)

(29,167

)

PROVISIONS FOR LIABILITIES

(804

)

(1,072

)

NET LIABILITIES

(2,659

)

(6,587

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(2,759

)

(6,687

)

SHAREHOLDERS' FUNDS

(2,659

)

(6,587

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 June 2015 and were signed by:

A G Crook - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is dependent upon the continuing support of its director and other creditors to enable it to meet its

day to day working capital requirements.

On this basis the financial statements have been prepared on the going concern basis, the financial statements do

not include any adjustments that would result in the withdrawal of support by the creditors.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

60,000

AMORTISATION

At 1 February 2014

42,000

Amortisation for year

6,000

At 31 January 2015

48,000

NET BOOK VALUE

At 31 January 2015

12,000

At 31 January 2014

18,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

12,315

DEPRECIATION

At 1 February 2014

6,954

Charge for year

1,341

At 31 January 2015

8,295

NET BOOK VALUE

At 31 January 2015

4,020

At 31 January 2014

5,361

4.

CREDITORS

Creditors include an amount of £ 51,367 (31.1.14 - £ 57,843 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100