BRAINWAVES_BOOKS_LIMITED - Accounts


Company Registration No. 03511276 (England and Wales)
BRAINWAVES BOOKS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
BRAINWAVES BOOKS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BRAINWAVES BOOKS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
591
1,183
Current assets
Debtors
39,065
947
Cash at bank and in hand
223,847
233,837
262,912
234,784
Creditors: amounts falling due within one year
(98,968)
(132,595)
Net current assets
163,944
102,189
Total assets less current liabilities
164,535
103,372
Capital and reserves
Called up share capital
3
50
50
Other reserves
50
50
Profit and loss account
164,435
103,272
Shareholders'  funds
164,535
103,372
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 November 2016
K Faulkner
Director
Company Registration No. 03511276
BRAINWAVES BOOKS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is being written off over its anticipated useful life of 5 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% Straight line
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015 & at 31 July 2016
5,750
5,211
10,961
Depreciation
At 1 August 2015
5,750
4,028
9,778
Charge for the year
-
592
592
At 31 July 2016
5,750
4,620
10,370
Net book value
At 31 July 2016
-
591
591
At 31 July 2015
-
1,183
1,183
BRAINWAVES BOOKS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50Ordinary Shares of £1 each
50
50

 

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