Registered Number 08619536
NR BROWN FARRIERS LIMITED
Abbreviated Accounts
31 July 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Total net assets (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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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Asset class Depreciation method and rate
Plant & machinery 20% straight line
Motor vehicles 25% straight line
Office equipment 25% straight line
Freehold Property 10% straight line
Intangible assets amortisation policy
Asset class Amortisation method and rate
Goodwill 5 years
Valuation information and policy
Other accounting policies
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
Pensions
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
£ | |
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Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
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At 31 July 2015 |
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Amortisation | |
At 1 August 2014 |
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Charge for the year |
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On disposals |
|
At 31 July 2015 |
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Net book values | |
At 31 July 2015 | 12,600 |
At 31 July 2014 | 16,800 |
£ | |
---|---|
Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 July 2015 |
|
Depreciation | |
At 1 August 2014 |
|
Charge for the year |
|
On disposals |
( |
At 31 July 2015 |
|
Net book values | |
At 31 July 2015 | 23,954 |
At 31 July 2014 | 21,034 |