Abbreviated Company Accounts - BRAITHWAITE FIT OUT LIMITED

BRAITHWAITE FIT OUT LIMITED - Company Information

07710297 BRAITHWAITE FIT OUT LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 07710297 2015-08-01 2016-07-31 07710297 2016-07-31 07710297 2015-07-31 07710297 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 07710297 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 07710297

BRAITHWAITE FIT OUT LIMITED

Abbreviated Accounts

31 July 2016

BRAITHWAITE FIT OUT LIMITED Registered Number 07710297

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,500	-
		2,500	-
Current assets
Stocks		12,663	32,197
Debtors		26,917	66,558
Cash at bank and in hand		652,382	70,383
		691,962	169,138
Creditors: amounts falling due within one year		(474,016)	(67,181)
Net current assets (liabilities)		217,946	101,957
Total assets less current liabilities		220,446	101,957
Total net assets (liabilities)		220,446	101,957
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		220,346	101,857
Shareholders' funds		220,446	101,957

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 August 2016

And signed on their behalf by:
L Braithwaite, Director
J Braithwaite, Director

BRAITHWAITE FIT OUT LIMITED Registered Number 07710297

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible assets depreciation policy
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. Freehold buildings – 2% on cost or revalued amounts Plant and machinery – 15% on cost Fixtures and fittings – 10% on cost Motor vehicles – 25% on cost No depreciation is provided on freehold land

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

2Tangible fixed assets

	£
Cost
At 1 August 2015	0
Additions	2,500
Disposals	0
Revaluations	0
Transfers	0
At 31 July 2016	2,500
Depreciation
At 1 August 2015	0
Charge for the year	0
On disposals	0
At 31 July 2016	0
Net book values
At 31 July 2016	2,500
At 31 July 2015	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 A Ordinary shares of £1 each	100	100