B E Bransden & Sons Limited
|
For the year ended 31 January 2016
Abbreviated Report and Financial Statements
England and Wales
Registered Number: 00968807
Abbreviated Balance Sheet
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B E Bransden & Sons Limited
2016
2015
2
96,414
91,111
96,414
91,111
58,948
39,077
10,059
7,713
62,982
65,016
109,772
134,023
Creditors
:
amounts falling due within one year
|
(32,595)
(47,867)
101,428
61,905
Net current assets
Total assets less current liabilities
|
158,319
192,539
Creditors
:
amounts falling due after more than one year
|
(8,929)
(11,443)
146,876
Net assets
183,610
4,000
4,000
142,876
179,610
146,876
183,610
Shareholders funds
For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 13 September 2016
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Mr Charles Martin Bransden Director
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Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
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B E Bransden & Sons Limited
For the year ended 31 January 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
Contributions
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payable are charged to the profit and loss account in the period in which they are payable
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
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shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Land and Buildings
Plant and Machinery
Office Equipment
Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and rewards of
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ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets and depreciated over the
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shorter of the lease term and their expected useful lives in the case of assets held under finance leases or over their expected
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useful lives in the case of assets held under hire purchase contracts
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
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2 of 3
Notes to the Abbreviated Financial Statements
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B E Bransden & Sons Limited
For the year ended 31 January 2016
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
749,121
21,196
(142)
770,175
658,010
(139)
15,890
Charge for year
673,761
96,414
91,111
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