Company Registration No. 04497749 (England and Wales)
BRADFORD STALKER LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
BRADFORD STALKER LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BRADFORD STALKER LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
18,000
21,000
Tangible assets
2
102,457
99,351
120,457
120,351
Current assets
Stocks
296,526
232,809
Debtors
30,581
4,690
Cash at bank and in hand
208,249
219,620
535,356
457,119
Creditors: amounts falling due within one year
(147,485)
(86,416)
Net current assets
387,871
370,703
Total assets less current liabilities
508,328
491,054
Provisions for liabilities
(4,630)
(4,009)
503,698
487,045
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
503,598
486,945
Shareholders' funds
503,698
487,045
BRADFORD STALKER LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 December 2016
Mr GP Bradford
Mrs PE Bradford
Director
Director
Company Registration No. 04497749
BRADFORD STALKER LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Shop premises
No depreciation provided
Plant and machinery
20% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
No depreciation is provided in respect of
the shop premises as, in the opinion of the directors, the current market value will exceed the cost per accounts.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
BRADFORD STALKER LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
60,000
162,365
222,365
Additions
-
7,810
7,810
At 30 September 2016
60,000
170,175
230,175
Depreciation
At 1 October 2015
39,000
63,014
102,014
Charge for the year
3,000
4,704
7,704
At 30 September 2016
42,000
67,718
109,718
Net book value
At 30 September 2016
18,000
102,457
120,457
At 30 September 2015
21,000
99,351
120,351
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
98 Ordinary shares of £1 each
98
98
2 'A' Ordinary shares of £1 each
2
2
100
100
4
Related party relationships and transactions
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Directors loan
-
-
16,444
-
-
16,444
-
16,444
-
-
16,444