DK BROWN ASSOCIATES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2016
COMPANY REGISTRATION NO. 05456909 (England and Wales)
DK BROWN ASSOCIATES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DK BROWN ASSOCIATES LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
29,600
37,000
Tangible assets
2
854
1,135
30,454
38,135
Current assets
Debtors
33,701
18,930
Cash at bank and in hand
5,064
2,828
38,765
21,758
Creditors: amounts falling due within one year
(33,790)
(20,558)
Net current assets
4,975
1,200
Total assets less current liabilities
35,429
39,335
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
35,229
39,135
Shareholders' funds
35,429
39,335
For the financial year ended 30 June 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 24 March 2017
Mr D K Brown
Director
Company Registration No. 05456909
DK BROWN ASSOCIATES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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 written off in equal annual instalments over its estimated useful economic life.
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:
Plant and machinery
25% reducing balance
Fixtures fittings and equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2015 & at 30 June 2016
74,000
6,400
80,400
Depreciation
At 1 July 2015
37,000
5,264
42,264
Charge for the year
7,400
282
7,682
At 30 June 2016
44,400
5,546
49,946
Net book value
At 30 June 2016
29,600
854
30,454
At 30 June 2015
37,000
1,135
38,135
DK BROWN ASSOCIATES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary A shares of £1 each
100
100
100 ordinary B shares of £1 each
100
100
200
200
2016-06-302015-07-01falsetruetruetruetruetruetmpA019.html2017-03-27054569092015-07-012016-06-30054569092016-06-30054569092015-06-30054569092015-06-3005456909uk-bus:Director12015-07-012016-06-3005456909uk-gaap:PlantMachinery2015-07-012016-06-3005456909uk-gaap:FixturesFittingsToolsEquipment2015-07-012016-06-3005456909uk-bus:OrdinaryShareClass12015-07-012016-06-3005456909uk-bus:OrdinaryShareClass22015-07-012016-06-3005456909uk-bus:OrdinaryShareClass12016-06-3005456909uk-bus:OrdinaryShareClass22016-06-3005456909uk-bus:OrdinaryShareClass12015-06-3005456909uk-bus:OrdinaryShareClass22015-06-30xbrli:purexbrli:sharesiso4217:GBP
