Brecknor Limited - Period Ending 2017-02-28

Registration number: 08424111

Brecknor Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2017

Brecknor Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Brecknor Limited

Registration number: 08424111

Balance Sheet as at 28 February 2017

	Note	2017 £	2016 £
Current assets
Debtors	3	6,024	-
Cash at bank and in hand		3,062	100
		9,086	100
Creditors: Amounts falling due within one year	4	(7,275)	-
Net assets		1,811	100
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,711	-
Total equity		1,811	100

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Brecknor Limited

Registration number: 08424111

Balance Sheet as at 28 February 2017 (continued)

For the financial year ending 28 February 2017 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 November 2017
 

JP Bone

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Brecknor Limited

Notes to the Financial Statements for the Year Ended 28 February 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
Unit 3
251 Holt Road
Horsford
Norwich
Norfolk
NR10 3EB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Depreciation

Asset class	Depreciation method and rate
Short leasehold improvements	20% Straight line method

Page 3

Brecknor Limited

Notes to the Financial Statements for the Year Ended 28 February 2017 (continued)

3

Debtors

	2017 £	2016 £
Trade debtors	6,024	-
Total current trade and other debtors	6,024	-

4

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		599	-
Directors loan account	5	78	-
Other creditors		6,598	-
		7,275	-

5	Related party transactions

Transactions with directors

2017	Repayments by director £	At 28 February 2017 £
JP Bone
Director loan account	78	78

Page 4

Brecknor Limited

Notes to the Financial Statements for the Year Ended 28 February 2017 (continued)

5	Related party transactions (continued)

Summary of transactions with entities with joint control or significant interest

During the year the company traded with Norfolk Precision Engineering Ltd, a company under the control of Mr J Bone. The company made sales to Norfolk Precision Engineering Ltd of £5,802 (2016 - £-) and purchases of £4,092 (2016 - £-), at the balance sheet date the company was owed £900 (2016 - £-). Norfolk Precision Engineering Ltd loaned the company various monies during the period and as at the balance sheet date the amount due was £4,500 (2016 - £-). The loan is interest free and repayable on demand.
 

Page 5