Brandon Racing Limited - Limited company - abbreviated

REGISTERED NUMBER: 03978707 (England and Wales)

BRANDON RACING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

S P Brandon

Mrs J Brandon

SECRETARY:

Mrs J Brandon

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

03978707 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

2

948

1,264

CURRENT ASSETS

Debtors

15,273

6,870

Cash at bank

39,953

27,445

55,226

34,315

CREDITORS

Amounts falling due within one year

54,874

32,531

NET CURRENT ASSETS

352

1,784

TOTAL ASSETS LESS CURRENT LIABILITIES

1,300

3,048

PROVISIONS FOR LIABILITIES

190

253

NET ASSETS

1,110

2,795

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,108

2,793

SHAREHOLDERS' FUNDS

1,110

2,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 January 2015 and were signed on its behalf
by:

S P Brandon - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 May 2013

and 30 April 2014

4,649

DEPRECIATION

At 1 May 2013

3,385

Charge for year

316

At 30 April 2014

3,701

NET BOOK VALUE

At 30 April 2014

948

At 30 April 2013

1,264

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

Brandon Racing Limited - Limited company - abbreviated - 11.6

Brandon Racing Limited - Limited company - abbreviated - 11.6