CHARLIE_BROWN_LIMITED - Accounts

CHARLIE BROWN LIMITED - Company Information

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Company Registration No. 03719215 (England and Wales)

CHARLIE BROWN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

CHARLIE BROWN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CHARLIE BROWN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

81,678

87,705

Current assets

Stocks

340,910

295,680

Debtors

1,954,393

1,994,823

Cash at bank and in hand

78,152

41,746

2,373,455

2,332,249

Creditors: amounts falling due within one year

(1,216,593)

(979,217)

Net current assets

1,156,862

1,353,032

Total assets less current liabilities

1,238,540

1,440,737

Creditors: amounts falling due after more than one year

(322,845)

Provisions for liabilities

(14,578)

(15,398)

1,223,962

1,102,494

Capital and reserves

Called up share capital

1,000

Profit and loss account

1,222,962

1,101,494

Shareholders' funds

1,223,962

1,102,494

CHARLIE BROWN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 January 2017

Mr A S Benning

Director

Company Registration No. 03719215

CHARLIE BROWN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

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.
Turnover is recongnised in the financial statements when goods are delivered.

1.4

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:

Land and buildings Leasehold

20% Straight line

Fixtures, fittings & equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CHARLIE BROWN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

149,063

Additions

11,868

Disposals

(1,997)

At 30 April 2016

158,934

Depreciation

At 1 May 2015

61,358

On disposals

(1,797)

Charge for the year

17,695

At 30 April 2016

77,256

Net book value

At 30 April 2016

81,678

At 30 April 2015

87,705

Debtors

Debtors include an amount of £1,710,428 (2015 - £1,737,428) which is due after more than one year.

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000