Company Registration No. 05847512 (England and Wales)
SUPERBRANDS (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
SUPERBRANDS (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SUPERBRANDS (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
69
103
Tangible assets
2
1,246
1,868
1,315
1,971
Current assets
Debtors
195,791
282,947
Cash at bank and in hand
11,720
96,429
207,511
379,376
Creditors: amounts falling due within one year
(194,398)
(289,783)
Net current assets
13,113
89,593
Total assets less current liabilities
14,428
91,564
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
14,328
91,464
Shareholders' funds
14,428
91,564
For the financial year ended 30 June 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 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 director acknowledges his 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 5 December 2016
Mr B M Hudson
Director
Company Registration No. 05847512
SUPERBRANDS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
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).
The Directors consider the company to be a going concern but have not assessed a period in excess of 12 months from the date of the signing of these accounts.
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. Turnover represents revenue earned under contracts to provide goods and services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Turnover that is contingent on events outside the control of the company is recognised when the contingent event occurs. Other revenue is recognised when an event takes place. For such events the amount of revenue reflects the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
Turnover that is contingent on events outside the control of the company is recognised when the contingent event occurs.
Other revenue is recognised when an event takes place. For such events the amount of revenue reflects the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
1.4
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
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:
Office equipment
20% per annum straight line
Fixtures, fittings & equipment
20% per annum straight line
SUPERBRANDS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2015 & at 30 June 2016
347
1,868
2,215
Depreciation
At 1 July 2015
243
-
243
Charge for the year
35
622
657
At 30 June 2016
278
622
900
Net book value
At 30 June 2016
69
1,246
1,315
At 30 June 2015
103
1,868
1,971
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100