Brian Sutton Company Three Limited
|
For the year ended 31 October 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07615735
Brian Sutton Company Three Limited
For the year ended 31 October 2016
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Brian Sutton Company Three Limited
Accountant's Report
For the year ended 31 October 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
October
2016
and you consider that the company is exempt from an audit under the Companies Act
|
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Isles & Storer Limited
Bank House
129 High Street
Needham Market
Suffolk
IP6 8DH
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Abbreviated Balance Sheet
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Brian Sutton Company Three Limited
2016
2015
2
322
403
322
403
160,835
154,901
14,165
83,561
51,807
31,044
-
2,411
269,506
229,218
Creditors
:
amounts falling due within one year
|
(49,911)
(79,237)
179,307
190,269
Net current assets
Total assets less current liabilities
|
190,591
179,710
190,591
Net assets
179,710
2
3
2
190,589
179,708
190,591
179,710
Shareholders funds
For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
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: 27 June 2017
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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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Brian Sutton Company Three Limited
For the year ended 31 October 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.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
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:
|
Computer Equipment
Stocks and work in progress
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Stocks and work in progress 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.
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Current asset investments
|
Current asset investments are stated at the lower of cost and net realisable value.
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Notes to the Abbreviated Financial Statements
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Brian Sutton Company Three Limited
For the year ended 31 October 2016
852
852
449
81
Charge for year
530
322
403
Allotted called up and fully paid
|
2016
2015
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
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