Company Registration No. 09568516 (England and Wales)
BROCKLEY STORES LIMITED
(FORMERLY FRESHVIEWS CONSULTING LIMITED)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 APRIL 2016
BROCKLEY STORES LIMITED
(FORMERLY FRESHVIEWS CONSULTING LIMITED)
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BROCKLEY STORES LIMITED
(FORMERLY FRESHVIEWS CONSULTING LIMITED)
ABBREVIATED BALANCE SHEET
AS AT
1 APRIL 2016
01 April 2016
- 1 -
2016
Notes
£
£
Fixed assets
Intangible assets
2
169,880
Tangible assets
2
31,348
201,228
Current assets
Stocks
14,427
Debtors
10,622
Cash at bank and in hand
45,424
70,473
Creditors: amounts falling due within one year
(74,308)
Net current liabilities
(3,835)
Total assets less current liabilities
197,393
Creditors: amounts falling due after more than one year
(113,000)
Provisions for liabilities
(5,873)
78,520
Capital and reserves
Called up share capital
3
100
Profit and loss account
78,420
Shareholders' funds
78,520
BROCKLEY STORES LIMITED
(FORMERLY FRESHVIEWS CONSULTING LIMITED)
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
1 APRIL 2016
01 April 2016
- 2 -
For the financial Period ended 1 April 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 Period 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 22 December 2016
Mr R C M Hagen
Director
Company Registration No. 09568516
BROCKLEY STORES LIMITED
(FORMERLY FRESHVIEWS CONSULTING LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 1 APRIL 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:
Land and buildings Leasehold
straight line over 7 years
Plant and machinery
3 years straight line
Computer equipment
3 years straight line
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 30 April 2015
-
-
-
Additions
169,880
32,382
202,262
At 1 April 2016
169,880
32,382
202,262
Depreciation
At 30 April 2015
-
-
-
Charge for the period
-
1,034
1,034
At 1 April 2016
-
1,034
1,034
Net book value
At 1 April 2016
169,880
31,348
201,228
BROCKLEY STORES LIMITED
(FORMERLY FRESHVIEWS CONSULTING LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 1 APRIL 2016
- 4 -
3
Share capital
2016
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
On incorporation 100 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.
4
Related party relationships and transactions
Transactions in relation to loans with directors during the Period are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr R C M Hagen - from/ (to) the company
-
-
-
-
134,042
(134,042)
-
-
-
134,042
(134,042)
The director of the company has loaned £134,042 to the company during the year, of which £21,042 is repayable on demand. The remaining loan of £113,000 is not intended to be repayable for at least 12 months from the date of signing the 1 April 2016 accounts.