Brookmode Limited - Period Ending 2016-06-30

Registration number: 02139561

Brookmode Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Brookmode Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Brookmode Limited
(Registration number: 02139561)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			11,048			11,171
Current assets
Debtors					128,722			84,326
Cash at bank and in hand					13,813			44,523
					142,535			128,849
Creditors: Amounts falling due within one year					(103,273)			(92,904)
Net current assets					39,262			35,945
Total assets less current liabilities					50,310			47,116
Provisions for liabilities					(1,925)			(1,886)
Net assets					48,385			45,230
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					48,285			45,130
Shareholders' funds					48,385			45,230

For the year ending 30 June 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 director acknowledges his 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 director on 13 September 2016

.........................................
M H Taylor
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Brookmode Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	25% reducing balance
Office equipment	15% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		46,472			46,472
Additions		3,125			3,125
At 30 June 2016		49,597			49,597
Depreciation
At 1 July 2015		35,301			35,301
Charge for the year		3,248			3,248
At 30 June 2016		38,549			38,549
Net book value
At 30 June 2016		11,048			11,048
At 30 June 2015		11,171			11,171

Page 2

Brookmode Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2016 £		2015 £
M H Taylor
Balance brought forward	(75,153)		(68,593)
Wages not drawn	99,153		94,000
Drawings	(137,950)		(99,863)
Expenses recharged	(1,835)		-
Expenses on credit card	-		(697)
Balance carried forward	(115,785)		(75,153)

Page 3