false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2016-11-01
Sage Accounts Production Advanced 2018 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
01208038
2016-11-01
2017-10-31
01208038
2017-10-31
01208038
2016-10-31
01208038
2015-11-01
2016-10-31
01208038
2016-10-31
01208038
core:FurnitureFittings
2016-11-01
2017-10-31
01208038
bus:LeadAgentIfApplicable
2016-11-01
2017-10-31
01208038
bus:Director1
2016-11-01
2017-10-31
01208038
core:WithinOneYear
2017-10-31
01208038
core:WithinOneYear
2016-10-31
01208038
core:ShareCapital
2017-10-31
01208038
core:ShareCapital
2016-10-31
01208038
core:RevaluationReserve
2017-10-31
01208038
core:RevaluationReserve
2016-10-31
01208038
core:RetainedEarningsAccumulatedLosses
2017-10-31
01208038
core:RetainedEarningsAccumulatedLosses
2016-10-31
01208038
bus:SmallEntities
2016-11-01
2017-10-31
01208038
bus:AuditExemptWithAccountantsReport
2016-11-01
2017-10-31
01208038
bus:AbridgedAccounts
2016-11-01
2017-10-31
01208038
bus:SmallCompaniesRegimeForAccounts
2016-11-01
2017-10-31
01208038
bus:PrivateLimitedCompanyLtd
2016-11-01
2017-10-31
01208038
core:ComputerEquipment
2016-11-01
2017-10-31
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
|
|
All of the members of Brown and Bettridge Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
01208038
BROWN AND BETTRIDGE LIMITED
|
|
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
|
|
BROWN AND BETTRIDGE LIMITED
|
|
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
BROWN AND BETTRIDGE LIMITED
|
|
YEAR ENDED 31 OCTOBER 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Brown and Bettridge Limited for the year ended 31 October 2017, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
16 April 2018
BROWN AND BETTRIDGE LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION
|
|
31 October 2017
Fixed assets
Tangible assets
|
5
|
|
305
|
432
|
|
|
|
|
|
Current assets
Stocks
|
2,605
|
|
3,775
|
Debtors
|
5,000
|
|
–
|
Cash at bank and in hand
|
3,344
|
|
–
|
|
-----------
|
|
-----------
|
|
10,949
|
|
3,775
|
|
|
|
|
Creditors: amounts falling due within one year
|
23,992
|
|
16,610
|
|
-----------
|
|
-----------
|
Net current liabilities
|
|
13,043
|
12,835
|
|
|
-----------
|
-----------
|
Total assets less current liabilities
|
|
(
12,738)
|
(
12,403)
|
|
|
-----------
|
-----------
|
Net liabilities
|
|
(
12,738)
|
(
12,403)
|
|
|
-----------
|
-----------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Revaluation reserve
|
|
118
|
158
|
Profit and loss account
|
|
(
12,956)
|
(
12,661)
|
|
|
-----------
|
-----------
|
Shareholder deficit
|
|
(
12,738)
|
(
12,403)
|
|
|
-----------
|
-----------
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 October 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 member has not required the company to obtain an audit of its abridged 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 abridged financial statements
.
All of the members of Brown and Bettridge Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.
BROWN AND BETTRIDGE LIMITED
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
|
|
31 October 2017
These abridged financial statements were approved by the
board of directors
and authorised for issue on
16 April 2018
, and are signed on behalf of the board by:
Company registration number:
01208038
BROWN AND BETTRIDGE LIMITED
|
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 OCTOBER 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 69 Withy Hill Road, Sutton Coldfield, West Midlands, B75 6HP.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The member's attention is drawn to the deficit on the balance sheet. The company's accounts have been prepared on the going concern basis following assurances from the director of his continued support.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 November 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings
|
-
|
25% reducing balance
|
|
Computer equipment
|
-
|
33% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Tangible assets
|
£
|
Cost
|
|
At 1 November 2016 and 31 October 2017
|
23,147
|
|
-----------
|
Depreciation
|
|
At 1 November 2016
|
22,715
|
Charge for the year
|
127
|
|
-----------
|
At 31 October 2017
|
22,842
|
|
-----------
|
Carrying amount
|
|
At 31 October 2017
|
305
|
|
-----------
|
At 31 October 2016
|
432
|
|
-----------
|
|
|
6.
Financial instruments at fair value
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
|
5,000
|
–
|
|
-----------
|
-----------
|
|
|
|
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
|
11,465
|
5,576
|
|
-----------
|
-----------
|
|
|
|
7.
Director's advances, credits and guarantees
Amounts owed to M J Brown at the year end amounted to £3,933 (2016: £3,387).
8.
Related party transactions
There were no related party transactions during the year that require disclosure.
9.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 November 2015.
No transitional adjustments were required in equity or profit or loss for the year.