Company Registration No. 05119503 (England and Wales)
THE BRANDING WORKSHOP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
THE BRANDING WORKSHOP LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
THE BRANDING WORKSHOP LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE BRANDING WORKSHOP LIMITED FOR THE YEAR ENDED 31 MAY 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Branding Workshop Limited for the year ended 31 May 2016 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of The Branding Workshop Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2012. Our work has been undertaken solely to prepare for your approval the financial statements of The Branding Workshop Limited and state those matters that we have agreed to state to the Board of Directors of The Branding Workshop Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Branding Workshop Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that The Branding Workshop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Branding Workshop Limited. You consider that The Branding Workshop Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Branding Workshop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Harris & Company (C.A.) Limited
7 December 2016
Chartered Accountants
Suite C
4-6 Canfield Place
London
NW6 3BT
THE BRANDING WORKSHOP LIMITED
ABBREVIATED BALANCE SHEET
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,879
433
Current assets
Debtors
11,452
4,250
Cash at bank and in hand
103,453
116,746
114,905
120,996
Creditors: amounts falling due within one year
(45,296)
(37,440)
Net current assets
69,609
83,556
Total assets less current liabilities
71,488
83,989
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
71,487
83,988
Shareholder's funds
71,488
83,989
For the financial year ended 31 May 2016 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 7 December 2016
Ms Y Fuchs
Director
Company Registration No. 05119503
THE BRANDING WORKSHOP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
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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
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:
Computer equipment
25% straight line
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
3,657
Additions
1,735
At 31 May 2016
5,392
Depreciation
At 1 June 2015
3,224
Charge for the year
289
At 31 May 2016
3,513
Net book value
At 31 May 2016
1,879
At 31 May 2015
433
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
THE BRANDING WORKSHOP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 4 -
4
Ultimate parent company
The ultimate controlling party
is Y Fuchs, who is the company's director.