Accounts

Accounts

BRENDAN P BYRNE & CO LIMITED - Company Information

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2014-10-01 true false 06708252 2015-09-30 06708252 2014-10-01 2015-09-30 06708252 2014-09-30 06708252 2009-01-01 2014-09-30 06708252 uk-bus:Director1 2014-10-01 2015-09-30 06708252 uk-gaap:DevelopmentCosts 2014-10-01 2015-09-30 06708252 uk-gaap:PlantMachinery 2014-10-01 2015-09-30 06708252 uk-gaap:Vehicles 2014-10-01 2015-09-30 06708252 uk-gaap:FixturesFittings 2014-10-01 2015-09-30 06708252 uk-gaap:ToolsEquipment 2014-10-01 2015-09-30 06708252 uk-bus:OrdinaryShareClass1 2015-09-30 06708252 uk-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 06708252 uk-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP xbrli:shares
         
  BRENDAN P BYRNE & CO LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 30 SEPTEMBER 2015
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-4 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
  BRENDAN P BYRNE & CO LIMITED
  Company registered number: 06708252
  ABBREVIATED BALANCE SHEET
  AT 30 September 2015
           
    Note 2015 2014
      £ £ £
  FIXED ASSETS
  Intangible assets 2 15,129 30,258
  Tangible Assets 3 13,927 17,509
      29,056 47,767
         
  CURRENT ASSETS
  Debtors falling due within one year   21,119 21,580
  Cash at bank and in hand   5,802 6,342
      26,921 27,922
  CREDITORS: Amounts falling due within one year   52,492 70,030
  NET CURRENT LIABILITIES   (25,571) (42,108)
  NET ASSETS   £3,485 £5,659
       
  CAPITAL AND RESERVES
  Called up share capital 4 2 2
  Profit and loss account   3,483 5,657
  SHAREHOLDERS' FUNDS   £3,485 £5,659
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 26 June 2016
 
 
         
  Mrs Pauline Janet Rowley, Director
   
  The notes on pages 2 to 4 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 30 SEPTEMBER 2015
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  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).
       
       
1b. Intangible fixed assets: research and development
       
  Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 15%    
       
       
1d. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1e. Pensions
       
  The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  BRENDAN P BYRNE & CO LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2015
       
 
1. ACCOUNTING POLICIES (CONT.)
     
     
1g. Leasing and hire purchase contracts
     
  Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
     
  Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
       
       
2. INTANGIBLE FIXED ASSETS 2015 2014
    £ £
  Cost
       
  At 1 October 2014 75,646 75,646
  At 30 September 2015 75,646 75,646
  Depreciation
       
  At 1 October 2014 45,388 30,259
  For the year 15,129 15,129
  At 30 September 2015 60,517 45,388
   
  Net Book Amounts
       
  At 30 September 2015 £15,129 £30,258
   
  page 3
  BRENDAN P BYRNE & CO LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2015
       
       
3. TANGIBLE FIXED ASSETS 2015 2014
    £ £
  Cost
       
  At 1 October 2014 28,000 28,000
  At 30 September 2015 28,000 28,000
   
  Depreciation
       
  At 1 October 2014 10,491 5,900
  For the year 3,582 4,591
  At 30 September 2015 14,073 10,491
   
  Net Book Amounts
       
  At 30 September 2015 £13,927 £17,509
   
       
       
4. SHARE CAPITAL 2015 2014
    £ £
  Allotted, issued and fully paid:
       
  2 Ordinary shares of £1 each £2 £2
   
  page 4