Abbreviated Company Accounts - BROUGHTON ONE LIMITED

BROUGHTON ONE LIMITED - Company Information

SC333746 BROUGHTON ONE LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true SC333746 2013-01-01 2013-12-31 SC333746 2013-12-31 SC333746 2012-12-31 SC333746 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 SC333746 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:Director4 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director4 2013-12-31 uk-gaap-cd-bus:Director4 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number SC333746

BROUGHTON ONE LIMITED

Abbreviated Accounts

31 December 2013

BROUGHTON ONE LIMITED Registered Number SC333746

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	10,789	17,290
		10,789	17,290
Current assets
Stocks		3,500	3,500
Debtors		46,298	69,999
Cash at bank and in hand		189	11,606
		49,987	85,105
Creditors: amounts falling due within one year		(77,583)	(101,662)
Net current assets (liabilities)		(27,596)	(16,557)
Total assets less current liabilities		(16,807)	733
Creditors: amounts falling due after more than one year		0	-
Provisions for liabilities		(530)	(702)
Total net assets (liabilities)		(17,337)	31
Capital and reserves
Called up share capital	3	4	5
Profit and loss account		(17,341)	26
Shareholders' funds		(17,337)	31

For the year ending 31 December 2013 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 September 2014

And signed on their behalf by:
M D M Gammell, Director

BROUGHTON ONE LIMITED Registered Number SC333746

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfills its contractual obligations to customers by supplying goods and services and excludes value added tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Tools & Equipment - 25% straight line
Tenants Improvements - over the length of the lease
Motor Vehicles - 25% straight line
Computer Equipment - 25% straight line

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Stocks

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

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is provided on the liability method to take account of timing differences between the treatment for certain items for accounts purposes and the treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences. Deferred tax assets are only recognised to the extent that they are regarded as recoverable.

2Tangible fixed assets

	£
Cost
At 1 January 2013	50,502
Additions	2,083
Disposals	(10,650)
Revaluations	-
Transfers	-
At 31 December 2013	41,935
Depreciation
At 1 January 2013	33,212
Charge for the year	4,879
On disposals	(6,945)
At 31 December 2013	31,146
Net book values
At 31 December 2013	10,789
At 31 December 2012	17,290

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

	2013 £	2012 £
4 Ordinary shares of £1 each (5 shares for 2012)	4	5

4Transactions with directors

Name of director receiving advance or credit:	M G Pickering
Description of the transaction:	Loan advanced
Balance at 1 January 2013:	£ 2,747
Advances or credits made:	£ 9,262
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 12,009

Name of director receiving advance or credit:	M D M Gammell
Description of the transaction:	Loan advances
Balance at 1 January 2013:	£ 2,747
Advances or credits made:	£ 1,621
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 4,368

These loans were repaid post year end.