BRAINWAVES_BOOKS_LIMITED - Accounts

BRAINWAVES BOOKS LIMITED - Company Information

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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

Notes to the abbreviated accounts

2 - 3

BRAINWAVES BOOKS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

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

Other reserves

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 -

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.

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

At 31 July 2016

5,750

4,620

10,370

Net book value

At 31 July 2016

591

At 31 July 2015

1,183

BRAINWAVES BOOKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

50 Ordinary Shares of £1 each