REGISTERED NUMBER:
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Brettfield Developments Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended |
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31 March 2015 |
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REGISTERED NUMBER:
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Brettfield Developments Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended |
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31 March 2015 |
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Brettfield Developments Limited (Registered number: 03999821) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 | to | 4 |
Brettfield Developments Limited |
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Company Information |
for the Year Ended 31 March 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BANKERS: |
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Brettfield Developments Limited (Registered number: 03999821) |
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Abbreviated Balance Sheet |
31 March 2015 |
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2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors: amounts falling due within one year | 9,321 | 6,179 |
Debtors: amounts falling due after more than one
year |
3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
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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. |
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The financial statements were approved by the director on
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Brettfield Developments Limited (Registered number: 03999821) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of accounting |
The financial statements have been prepared under the historical cost convention, and in accordance with applicable United |
Kingdom accounting standards. |
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Cash flow statement |
The director has taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a |
cash flow statement in the financial statements on the grounds that the company is small. |
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Tangible fixed assets |
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Storage Building | - |
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Computer Equipment | - |
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Motor vehicles | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance |
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to |
pay less or to receive more tax. |
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Deferred tax is measured on a discounted basis at the tax rates that are expected to apply in the periods in which timing |
differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
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Work in progress |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision |
is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2014 |
and 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £ 44,636 (2014 - £ 42,932 ) |
Brettfield Developments Limited (Registered number: 03999821) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | TRANSACTIONS WITH THE DIRECTOR |
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During the year the director and his family paid expenses on behalf of the company of £6,828 (2014: £17,888) and introduced |
funds of £188,000 (2014: £63,975). Drawings and private expenditure incurred by the company amounted to £3,364 (2014: |
£39,912). The balance owed from the company to the director and his family at the year end was £234,493 (2014: £43,029). |
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The loan accrued interest at 3% above base rate amounting to £5,280 (2014: £977) during the year. At the year end there |
was £245,027 of unpaid interest due on the loan (2014: £239,747). |