Broman Investments Limited - Abbreviated accounts 16.3
Broman Investments Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| BROMAN INVESTMENTS LIMITED |
| BROMAN INVESTMENTS LIMITED (REGISTERED NUMBER: 05206362) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| BROMAN INVESTMENTS LIMITED (REGISTERED NUMBER: 05206362) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| BROMAN INVESTMENTS LIMITED (REGISTERED NUMBER: 05206362) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on by: |
| BROMAN INVESTMENTS LIMITED (REGISTERED NUMBER: 05206362) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared in accordance with applicable accounting standards. The principal accounting |
| policies adopted in the preparation of the financial statements are set out below and have remained unchanged |
| from the previous year. |
| At the balance sheet date the company had net current liabilities of £38,934 (2015 - £208,733), and total net |
| assets of £35,523 (2015 - £29,029). Included in creditors due within one year are directors loans of £9,159 (2015 |
| - £185,650). The directors have expressed their willingness to support the company as necessary and along with |
| the forecasted future profitable trade the business is considered a going concern. The accounts and financial |
| statements have therefore been prepared on a going concern basis. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal |
| course of business. |
| Tangible fixed assets |
| Freehold property | - |
| Computer equipment | - |
| It is company policy to maintain its freehold property to a high standard with the cost of repairs and maintenance |
| being charged to the profit and loss account. Due to the anticipated high residual value, it is considered that |
| consumption of this property is negligible. Consequently a depreciation rate of 0% has been used. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| BROMAN INVESTMENTS LIMITED (REGISTERED NUMBER: 05206362) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 March 2016 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 177,503 | 194,359 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |